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217 E Lake Ave 3,707 SF 100% Leased Office Building Watsonville, CA 95076 $1,399,730 CAD ($377.59 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$100,167
|
$27.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$100,167
|
$27.02
|
| Taxes |
$4,045
|
$1.09
|
| Operating Expenses |
$25,621
|
$6.91
|
| Total Expenses |
$29,666
|
$8.00
|
| Net Operating Income |
$70,502
|
$19.02
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $100,167 |
| Annual Per SF | $27.02 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $100,167 |
| Annual Per SF | $27.02 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,045 |
| Annual Per SF | $1.09 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,621 |
| Annual Per SF | $6.91 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,666 |
| Annual Per SF | $8.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $70,502 |
| Annual Per SF | $19.02 |
Property Facts
Sale Type
Investment
Property Type
Building Size
3,707 SF
Building Class
C
Year Built
1907
Price
$1,399,730 CAD
Price Per SF
$377.59 CAD
Cap Rate
5.04%
NOI
$70,502 CAD
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 | $314,622 CAD (2025) |
| Land Assessment | $92,164 CAD (2025) | Annual Taxes | $4,045 CAD ($1.09 CAD/SF) |
| Improvements Assessment | $222,458 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
018-251-18-000
Land Assessment
$92,164 CAD (2025)
Improvements Assessment
$222,458 CAD (2025)
Total Assessment
$314,622 CAD (2025)
Annual Taxes
$4,045 CAD ($1.09 CAD/SF)
Tax Year
2026
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217 E Lake Ave
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