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Property profile & analytics
OFF-MARKET
Estimated value
$11,025,000
Industrial land
1550 Spc Park Dr Santa Clara, CA 95054
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2150323
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1969
Total area
55,544 SF
Lot
2.04 ac (88,918 SF)
Zoning code
ML
APN
224-08-152
UPID
US09-2150323
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.03M
Owner & transaction history
1550 Space Park Partners LLC · 2 yrs held
1550 Space Park Partners LLC
since 2024
7 recorded transactions
Zoning & alternative use
ML · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$15,450,000
6.5%
$14,265,000
7%
$13,245,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$17,005,000
Current use
Blend value · Realmo final
$11.03M
Range $9.92M – $12.13M · ±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
$198 / 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
$364,291
Tax year 2024
Assessed value
$31,242,101
Assessed 2024
Previous assessed
$31,242,101
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$4,150,085
Assessed improvement
$27,092,016
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1969
Heating
NONE
Stories
2
Total area
55,544 SF
Lot
2.04 ac (88,918 SF)
Zoning code
ML
APN
224-08-152
UPID
US09-2150323
Jurisdiction
SANTA CLARA
Zoning & alternative use
ML · Santa Clara, CA
Zoning ML · permitted uses
ML · 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
$17.0M
INDUSTRIAL (GENERAL) Current
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
1969
Heating
NONE
Stories
2
Lot
2.04 ac
Current owner
From public records · entity-resolved
1550 Space Park Partners LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
—
1550 Space Park Drive LLC
—
Deed
related
$177,000,000 · Wilmington Trust NA
Jan 19, 2024
—
1550 Space Park Partners LLC
1550 Space Park Partners LLC
Intrafamily Transfer
related
$230,000,000 · Wells Fargo Bank NA
Sep 8, 2009
—
1550 Space Park Partners LLC
1525 Comstock Partners LLC
Grant Deed
—
Dec 10, 2008
—
1525 Comstock Partners LLC
Digital 1500 Space Park Borrow
Grant Deed
related
—
Sep 11, 2008
—
1500 Space Park Borrow Digital
Space Park Partners LLC
Quit Claim Deed
related
—
Apr 3, 2006
—
Space Park Partners LLC
Bourns INC
Grant Deed
$6,000,000 · Comerica Bank
—
—
1500 Space Park Borrow Digital
—
Deed Of Trust
related
$44,000,000 · Wells Fargo Bank
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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