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5523 Scotts Valley Dr 7,665 SF 100% Leased Office Building Scotts Valley, CA 95066 $2,295,000 ($299.41/SF) 4.53% Cap Rate



Investment Highlights
- Heart of Scotts Valley Business District
- 100% leased
Executive Summary
Positioned just off Highway 17, this 7,665 sq ft office building offers a strong combination of steady income, flexibility, and long-term potential in one of Scotts Valleys most convenient commuting locations. Built in 1989 and well maintained, the property sits in the heart of the Scotts Valley business district with easy access to Silicon Valley, making it an attractive location for both local and over-the-hill tenants. The building is currently fully leased with 22 office suites on month-to-month agreements, generating approximately $13,265 per month in income. The short-term lease structure provides immediate cash flow while allowing a future owner the opportunity to adjust rents, reposition suites, or refine the tenant mix over time. In addition to the office suites, the property includes a ±2,000 sq ft mechanics garage, expanding the range of potential uses and tenant appeal. Twenty-two on-site parking spaces support daily operations, and owned solar helps offset operating expenses. A well-located Scotts Valley asset offering existing income today with flexibility for future growth in a consistently strong commercial corridor.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$159,180
|
$20.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$159,180
|
$20.77
|
| Taxes |
$28,687
|
$3.74
|
| Operating Expenses |
$26,568
|
$3.47
|
| Total Expenses |
$55,255
|
$7.21
|
| Net Operating Income |
$103,925
|
$13.56
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $159,180 |
| Annual Per SF | $20.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $159,180 |
| Annual Per SF | $20.77 |
| Taxes | |
|---|---|
| Annual | $28,687 |
| Annual Per SF | $3.74 |
| Operating Expenses | |
|---|---|
| Annual | $26,568 |
| Annual Per SF | $3.47 |
| Total Expenses | |
|---|---|
| Annual | $55,255 |
| Annual Per SF | $7.21 |
| Net Operating Income | |
|---|---|
| Annual | $103,925 |
| Annual Per SF | $13.56 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
7,665 SF
Building Class
C
Year Built
1989
Price
$2,295,000
Price Per SF
$299.41
Cap Rate
4.53%
NOI
$103,964
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,832 SF
Slab To Slab
8’
Building FAR
0.46
Lot Size
0.39 AC
Zoning
CS - C-S district - create and maintain areas accommodating city-wide and regional service that may be inappropriate in neighborhood shopping areas.
Parking
22 Spaces (2.87 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Firstnet Mortgage I
- Finance and Insurance
- -
- -
- -
- Place of Refuge
- Services
- -
- -
- -
- Rocco Art
- Retailer
- -
- -
- -
- Sean O'brien
- Finance and Insurance
- -
- -
- -
- Swaglab LLC
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Firstnet Mortgage I | Finance and Insurance | - | - | - | ||
| Place of Refuge | Services | - | - | - | ||
| Rocco Art | Retailer | - | - | - | ||
| Sean O'brien | Finance and Insurance | - | - | - | ||
| Swaglab LLC | Professional, Scientific, and Technical Services | - | - | - |
1 1
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | 022-022-12-000 | Total Assessment | $1,485,691 |
| Land Assessment | $594,276 | Annual Taxes | $28,687 ($3.74/SF) |
| Improvements Assessment | $891,415 | Tax Year | 2025 |
Property Taxes
Parcel Number
022-022-12-000
Land Assessment
$594,276
Improvements Assessment
$891,415
Total Assessment
$1,485,691
Annual Taxes
$28,687 ($3.74/SF)
Tax Year
2025
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Presented by
Strock Real Estate
5523 Scotts Valley Dr
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