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Property profile & analytics
OFF-MARKET
Estimated value
$205,970,000
Office buildings
10500 De Anza Blvd Cupertino, CA 95014-2033
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1423731
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
211,024 SF
Lot
9.92 ac (432,269 SF)
Zoning code
P
APN
316-22-017
UPID
US09-1423731
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
De Anza 3 (DA3) Corporate Office
-
De Anza Three Parking Lot & Garage
-
Apple Corporate Office
-
Stroke O’ Midnight Films Inc. Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$204.77M
Blend (final)
Blend
$205.97M
Owner & transaction history
Apple INC · 4 yrs held
Apple INC
since 2021
Last sale
$206.0M
6 recorded transactions
Zoning & alternative use
P · Cupertino, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
1.12 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$216.9M
+32.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cupertino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cupertino submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$207,175,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$163,690,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$216,865,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$205.97M
Range $185.37M – $226.57M · ±10% · vs last sale $205.97M (Sep 24 2021)
Last sale anchor
$205.97M
Sep 24 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$976 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,452,146
Tax year 2024
Assessed value
$295,609,789
Assessed 2024
Previous assessed
$295,609,789
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$81,848,268
Assessed improvement
$213,761,521
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
NONE
Cooling
YES
Stories
4
Units
1
Total area
211,024 SF
Lot
9.92 ac (432,269 SF)
Zoning code
P
APN
316-22-017
UPID
US09-1423731
Jurisdiction
SANTA CLARA
Zoning & alternative use
P · Cupertino, CAZoning P · permitted uses
P · Cupertino, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
1.12 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$163.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$216.9M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Cooling
Yes
Stories
4
Units
1
Lot
9.92 ac
Current owner
From public records · entity-resolved
Apple INC
Entity
Free & Clear · 4 yrs held
Mailing address
1 APPLE PARK WAYMS319-6R, CUPERTINO, CA 95014-0642
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2021
$205,970,500
Apple INC
Baccarat Properties II LP
Grant Deed
—
Dec 24, 2012
$65,000,000
Mission West Properties LP II
Mission West Properties LP IV
Grant Deed
—
Dec 30, 2011
—
Mission West Properties LP IV
Mission West Properties LP I
Quit Claim Deed
—
Jun 25, 1998
—
Berg Family Partners LP
Berg Family Partnership
Quit Claim Deed
related
—
—
—
Baccarat Shoreline LLC
—
Deed Of Trust
related
$200,000,000 · Prudential Insurance Co Americ
—
—
Baccarat Props II LP
—
Deed Of Trust
related
$50,000,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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