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Property profile & analytics
OFF-MARKET
Estimated value
$6,785,000
Manufacturing properties
1160 Richard Ave Santa Clara, CA 95050-2800
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US09-0880151
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Year built
1955
Total area
29,679 SF
Lot
2.58 ac (112,384 SF)
Zoning code
MH
APN
224-64-003
UPID
US09-0880151
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
-
SOS Steel Co Inc Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.62M
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$6.79M
Owner & transaction history
John T Somers · 26 yrs held
John T Somers
since 1999
7 recorded transactions
Zoning & alternative use
MH · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$10.6M
+2.8%
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 Santa Clara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Clara 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,255,000
6.5%
$7,620,000
7%
$7,075,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,265,000
Current use
WAREHOUSE, STORAGE
$10,550,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$6.79M
Range $6.11M – $7.46M · ±10%
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
$229 / 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
$95,389
Tax year 2024
Assessed value
$8,062,473
Assessed 2024
Previous assessed
$8,062,473
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$3,390,414
Assessed improvement
$4,672,059
Applied tax rate
7.0000
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
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Status
Off-Market
Year built
1955
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
29,679 SF
Lot
2.58 ac (112,384 SF)
Zoning code
MH
APN
224-64-003
UPID
US09-0880151
Jurisdiction
SANTA CLARA
Zoning & alternative use
MH · Santa Clara, CA
Zoning MH · permitted uses
MH · Santa Clara, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Clara. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$10.3M
WAREHOUSE, STORAGE
Est. value
$10.6M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1955
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
2.58 ac
Current owner
From public records · entity-resolved
John T Somers
Individual
Mailing address
1160 RICHARD AVE, SANTA CLARA, CA 95050-2800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2019
—
Sos Steel Co INC
—
Deed
related
$2,000,000 · Avidbank
Dec 20, 2016
—
Sos Steel Co INC
—
Deed
related
$610,000 · Avidbank
Sep 24, 2014
—
Sos Steel Co INC
—
Grant Deed
related
$1,500,000 · Avidbank
Oct 12, 1999
—
John T Somers
Somers,alice E
Quit Claim Deed
related
—
Sep 30, 1999
$1,500,000
Sos Steel Co INC
Orear & Stephan Partnership
Grant Deed
$1,361,200 · Comerica Bank California
—
—
Sos Steel Co INC
—
Loan Modification
related
$2,000,000 · Avidbank
—
—
Sos Steel Co INC
—
Deed Of Trust
related
$2,750,000 · Avidbank
—
—
Sos Steel Co INC
—
Loan Modification
related
$610,000 · Avidbank
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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