Log In/Sign Up
Your email has been sent.
217 E Lake Ave 3,707 SF 100% Leased Office Building Watsonville, CA 95076 $1,000,000 ($269.76/SF) 5.04% Cap Rate
Investment Highlights
- Downtown Watsonville - Close to Amenities
- Multi-tenant Building provide flexibility for Owner User or Investor
- Large Parking Lot
Executive Summary
VERSATILE COMMERCIAL OPPORTUNITY IN A PRIME WATSONVILLE LOCATION - ideal for both investors and owner-users seeking flexibility and long-term upside. Situated on a 9,104 SF lot, this 3,747 SF multi-suite property is currently configured with 7 individual offices and 1 medical suite, offering a rare blend of income potential and functional layout. Perfect for an owner-occupant looking to establish a presence with income potential or for an investor seeking a stable, multi-tenant asset in a central location. The flexible suite configuration allows for a variety of uses including professional offices, medical, wellness, or creative workspace. Multiple entry points and well-proportioned suites provide the ability to lease individually or reconfigure to suit a larger single-user footprint. Ample on-site parking and strong street presence along E Lake Avenue enhance accessibility and visibility for tenants, clients, and customers alike. Positioned in a high-demand corridor with convenient access to Highway 1 and nearby amenities, this property offers both immediate usability and long-term growth potential. Whether you're expanding your business, diversifying your portfolio, or securing a strategic location, 217 E Lake presents a compelling opportunity in the heart of Watsonville.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$71,562
|
$19.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$71,562
|
$19.30
|
| Taxes |
$2,890
|
$0.78
|
| Operating Expenses |
$18,304
|
$4.94
|
| Total Expenses |
$21,194
|
$5.72
|
| Net Operating Income |
$50,368
|
$13.59
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $71,562 |
| Annual Per SF | $19.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $71,562 |
| Annual Per SF | $19.30 |
| Taxes | |
|---|---|
| Annual | $2,890 |
| Annual Per SF | $0.78 |
| Operating Expenses | |
|---|---|
| Annual | $18,304 |
| Annual Per SF | $4.94 |
| Total Expenses | |
|---|---|
| Annual | $21,194 |
| Annual Per SF | $5.72 |
| Net Operating Income | |
|---|---|
| Annual | $50,368 |
| Annual Per SF | $13.59 |
Property Facts
Sale Type
Investment
Property Type
Building Size
3,707 SF
Building Class
C
Year Built
1907
Price
$1,000,000
Price Per SF
$269.76
Cap Rate
5.04%
NOI
$50,368
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,853 SF
Slab To Slab
8’
Building FAR
0.41
Lot Size
0.21 AC
Zoning
DWSP - Downtown Watsonville Specific Plan
Parking
10 Spaces (2.7 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 018-251-18-000 | Total Assessment | $227,402 (2025) |
| Land Assessment | $66,614 (2025) | Annual Taxes | $2,890 ($0.78/SF) |
| Improvements Assessment | $160,788 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
018-251-18-000
Land Assessment
$66,614 (2025)
Improvements Assessment
$160,788 (2025)
Total Assessment
$227,402 (2025)
Annual Taxes
$2,890 ($0.78/SF)
Tax Year
2026
1 of 79
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
217 E Lake Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.