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4170 Gross Rd 6,847 SF 100% Leased Office Building Capitola, CA 95010 $2,687,000 ($392.43/SF) 7.24% Cap Rate
Investment Highlights
- Fully leased commercial asset positioned off Highway 1 in a high-visibility Capitola corridor offering consistent consumer traffic & tenant demand.
- Diverse tenant mix including providing balanced tenancy across service-oriented uses with long operating histories in the community.
- Convenient on-site parking with 19 standard spaces plus 2 ADA stalls, enhancing accessibility for tenants and customers in a dense coastal trade area.
- Stable long-term income with all four tenants recently exercising lease options or signing renewals, creating durable cash flow for investors.
- Recent property improvements including re-striped and re-sealed parking lot and a dedicated roof reserve fund that supports proactive maintenance.
- Strong financial profile with an effective gross income of $194,588.05 (2025) and a reported net operating income of $151,164 (2024)
Executive Summary
Sherman and Boone Real Estate proudly presents a fully leased commercial property situated at 4170
Gross Rd. Ext., offering a prime location behind Pizza My Heart on 41st Avenue, just off HWY 1. With a
6,847 square feet building and a parking lot boasting 19 spaces plus two handicap spots, this property is a
great investment opportunity.
All four tenants have recently exercised their lease options or renewed their leases, ensuring stable rental
income for prospective investors. Coast Auto Insurance, a longstanding tenant since 1987, occupies 2,167
SF. The HOPE Program utilizes 2,280 SF, while Solis Acupuncture occupies 1,600 SF, and Sharp Standard
Barbershop occupies 800 SF.
The property includes a dedicated roof reserve fund, offering peace of mind for ongoing maintenance and
upkeep. In addition, the parking lot has been recently re-striped and re-sealed, ensuring a fresh and well-
maintained appearance. Don’t miss this exceptional opportunity to invest in a well-cared-for commercial
property.
Gross Rd. Ext., offering a prime location behind Pizza My Heart on 41st Avenue, just off HWY 1. With a
6,847 square feet building and a parking lot boasting 19 spaces plus two handicap spots, this property is a
great investment opportunity.
All four tenants have recently exercised their lease options or renewed their leases, ensuring stable rental
income for prospective investors. Coast Auto Insurance, a longstanding tenant since 1987, occupies 2,167
SF. The HOPE Program utilizes 2,280 SF, while Solis Acupuncture occupies 1,600 SF, and Sharp Standard
Barbershop occupies 800 SF.
The property includes a dedicated roof reserve fund, offering peace of mind for ongoing maintenance and
upkeep. In addition, the parking lot has been recently re-striped and re-sealed, ensuring a fresh and well-
maintained appearance. Don’t miss this exceptional opportunity to invest in a well-cared-for commercial
property.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,847 SF
Building Class
B
Year Built
1979
Price
$2,687,000
Price Per SF
$392.43
Cap Rate
7.24%
NOI
$194,588
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,847 SF
Building FAR
0.35
Lot Size
0.45 AC
Zoning
CC
Parking
20 Spaces (2.92 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- People's Integrative Medicine & Acupuncture
- Health Care and Social Assistance
- -
-
$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| People's Integrative Medicine & Acupuncture | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (88)
Property Taxes
| Parcel Number | 034-141-24-000 | Improvements Assessment | $1,047,915 |
| Land Assessment | $547,741 | Total Assessment | $1,595,656 |
Property Taxes
Parcel Number
034-141-24-000
Land Assessment
$547,741
Improvements Assessment
$1,047,915
Total Assessment
$1,595,656
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4170 Gross Rd
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