Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Flex Warehouse with HVAC Offices Title is generated by Realmo AI

    481-491 Laurelwood Rd, Santa Clara, CA 95054

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    Flex warehouse with renovated HVAC office space, skylit heated warehouse, and two grade-level doors.

    Type:INDUSTRIAL
    Property size:
    9,000 SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:42 am

    Property Features for 481-491 Laurelwood Rd

    General Information

    Standard status
    Active
    Size
    9,000 SF
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 481-491 Laurelwood Rd Contact us

    We can help!

    Listing Contact
    Michael Rosendin, SIOR, CCIM

    Listing agent Michael Rosendin, SIOR, CCIM

    Listing office Colliers | Silicon Valley

    Listing date Jun 3, 2026

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Silicon Valley

    HighLights

    • Flex warehouse with renovated HVAC office space and skylit heated warehouse
    • Approx. 30% renovated HVAC office space
    • Warehouse includes space heat and skylights
    • Two grade‑level doors
    • 350 amps (120/208V) 3‑phase power
    • Fully fire sprinklered; market‑ready improvements underway (new LED lighting, paint, carpet, and epoxy flooring)

    Overview

    This flex warehouse includes office and warehouse space with approximately 30% of the area renovated for HVAC office use. The warehouse portion is supported by space heat and skylights. There are two grade-level doors for straightforward loading and receiving, and the building is fully fire sprinklered.

    The property is located at 481-491 Laurelwood Rd in Santa Clara, CA. Power capacity is listed at 350 amps, 120/208V, 3-phase service. The property notes market-ready improvements underway in the warehouse, including new LED lighting, paint, carpet, and epoxy flooring.

    For tenant needs that blend operations with office functionality, this layout can support both work areas and an HVAC-equipped office component. With two grade-level doors, skylights, space heat, and sprinkler protection, it is positioned for practical day-to-day logistics and on-site administrative use. The listing also indicates showings by appointment via the agent.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • BLOOM Catering — 3233 de la cruz blvd, santa clara, ca 95054
    • Catering For All Occasions — 3270 Keller St, Santa Clara, CA 95054
    • iGrill Indian Cuisine, Buffets & Banquet Hall — 3170 De La Cruz Blvd #131, Santa Clara, CA 95054
    • GrillBox — 371 Laurelwood Rd, Santa Clara, CA 95054
    • A Twist of Lime — 650 Nuttman St Ste 114, Santa Clara, CA 95054

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clara
    County
    Santa Clara
    State
    California
    Longitude
    -121.9428787
    Latitude
    37.3815442

    Nearby Similar for Lease

    • Sponsored
      $129-$7,888/Mo
      11-1,292 SF

      Spaces Augustine 101

      2445 Augustine Dr, Santa Clara, CA 95054
      View Details
    • $129-$5,796/Mo
      11-1,292 SF

      Techmart Center

      5201 Great America Pkwy, Unit 320, Santa Clara, CA 95054
      View Details
    • $11,200/Mo
      13,000 SF

      Industrial/Office Building in Koll Oakmead

      Freestanding industrial/office building in Santa Clara available for lease.
      3350 Scott Blvd B58, Santa Clara, CA 95054
      View Details
    • $6,289/Mo
      6,289 SF

      Santa Clara Office Space Available

      Office space for rent in a highly visible Santa Clara location.
      4500 Great America Pkwy, Suite 210, Santa Clara, CA 95054
      View Details
    • $3 SF/Yr
      5,069 SF

      Modern Office Space Available

      Modern office space with open workspace and convenient amenities.
      5451 Great America Parkway, Santa Clara, CA, 95054
      View Details
    • $1.85 SF/Yr
      7,748 SF

      Santa Clara Warehouse with Office

      7,748 SF warehouse with 1,800 SF office space.
      800 Mathew Street, Santa Clara, CA, 95050
      View Details
    • Contact for pricing
      12,000-36,000 SF

      Modern Office Space, Santa Clara

      Prime location near Highway 101 with modern amenities.
      1600 Duane Ave, Santa Clara, CA 95054
      View Details
    • $4 SF/Yr
      27,842 SF

      Modern Office Space in Santa Clara

      Modern office space with easy access to highways and transportation.
      2600 Great America Way, Santa Clara, CA, 95054
      View Details
    • $4 SF/Yr
      27,597 SF

      Modern Office Space in Santa Clara

      Modern office space with easy access to transportation and amenities.
      2550 Great America Way, Santa Clara, CA, 95054
      View Details
    • $4 SF/Yr
      24,008 SF

      Modern Office Space in Santa Clara

      Modern office space with easy access to highways and amenities.
      2755 Great America Way, Santa Clara, CA, 95054
      View Details
    • $3 SF/Yr
      1,296 SF

      Medical/Dental Office Space Available

      Medical/Dental office suite in Santa Clara, approximately 1,296 SF.
      2790 Newhall Street, Santa Clara, CA 95050
      View Details
    • $2 SF/Yr
      3,971 SF

      Plug & Play Office Space

      High-end, furnished office space available for rent.
      3140 De La Cruz Boulevard, Santa Clara, CA, 95054
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex warehouse with renovated HVAC office space, skylit heated warehouse, and two grade-level doors.
    Where is this flex space located?
    The property is located at 481-491 Laurelwood Rd Santa Clara, CA.
    What is the lease rate?
    The lease rate is $1.65 SF/Yr.
    What are key features of this property?
    This property features: Flex warehouse with renovated HVAC office space and skylit heated warehouse; Approx. 30% renovated HVAC office space; Warehouse includes space heat and skylights
    (408) 930-9219 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Rosendin, SIOR, CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    481-491 Laurelwood Rd, Santa Clara, CA 95054
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!