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217 Capitola Ave 3,345 SF 100% Leased Retail Building Capitola, CA 95010 $2,000,000 ($597.91/SF)
Investment Highlights
- Location Exposure
Executive Summary
Prime Capitola Village Location. Building has 3 retail units, a residential unit and an office unit. The residential unit can be rented as a vacation rental. Per the City of Capitola the office unit could possibly be turned into a residential unit through the "ADU Conversion" Process. Retail leases are all bellow market so there is tremendous upside potential.
Contact Dennis Bol (831-818-9006) or Ken Cornell (831-588-1744) for more information.
Contact Dennis Bol (831-818-9006) or Ken Cornell (831-588-1744) for more information.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,345 SF
Building Class
B
Year Built
1980
Price
$2,000,000
Price Per SF
$597.91
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.54
Lot Size
0.05 AC
Zoning
N/A
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | 035-231-06-000 | Improvements Assessment | $348,372 (2025) |
| Land Assessment | $41,992 (2025) | Total Assessment | $390,364 (2025) |
Property Taxes
Parcel Number
035-231-06-000
Land Assessment
$41,992 (2025)
Improvements Assessment
$348,372 (2025)
Total Assessment
$390,364 (2025)
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MBI Real Estate
217 Capitola Ave
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