Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1550 Spc Park Dr Santa Clara, CA 95054
    Back to Search
    Property profile & analytics

    1550 Spc Park Dr, Santa Clara, CA 95054

    View on Map
    • Industrial land
    • 55,544 SF
    • 2.04 lot acres
    Off-Market
    Last Sale Jan 19, 2024
    Property ID
    US09-2150323
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $11,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 1550 Spc Park Dr

    Year built
    1969
    Lot size
    2.04 lot acres
    Zone code
    ML
    Property type
    Industrial land
    APN
    224-08-152
    APU
    22408152

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 22, 2024 — 1550 Space Park Drive LLC — Deed · related $177M · Wilmington Trust NA
    Jan 19, 2024 — 1550 Space Park Partners LLC 1550 Space Park Partners LLC Intrafamily Transfer · related $230M · 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 $6M · Comerica Bank
    — — 1500 Space Park Borrow Digital — Deed Of Trust · related $44M · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clara
    County
    Santa Clara
    State
    California
    Longitude
    -121.956
    Latitude
    37.3757
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $364,291
    $4,150,085
    $27,092,016
    $31,242,101
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.92 Acres

      3205 Alfred St

      INDUSTRIAL - VACANT LAND
      3205 Alfred St, Santa Clara, CA 95054-3327
      View Details
    • Value Estimation by Request
      8.75 Acres

      2315 Msn College Blvd

      INDUSTRIAL - VACANT LAND
      2315 Msn College Blvd, Santa Clara, CA 95054-1521
      View Details
    • Value Estimation
      $18,750,000
      6.53 Acres

      4700 Old Ironsides Dr

      INDUSTRIAL - VACANT LAND
      4700 Old Ironsides Dr, Santa Clara, CA 95054-1810
      View Details
    • Value Estimation
      $5,935,000
      1.70 Acres

      3060 Raymond St

      INDUSTRIAL - VACANT LAND
      3060 Raymond St, Santa Clara, CA 95054-3430
      View Details
    • Value Estimation
      $10,095,000
      2.20 Acres

      1500 Spc Park Dr

      INDUSTRIAL - VACANT LAND
      1500 Spc Park Dr, Santa Clara, CA 95054-3434
      View Details
    • Value Estimation
      $11,825,000
      4.78 Acres

      2151 Msn College Blvd

      INDUSTRIAL - VACANT LAND
      2151 Msn College Blvd, Santa Clara, CA 95054-1578
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,068 SF

      Industrial Property in Santa Clara

      Industrial property with 39,068 square feet of space.
      3501 Thomas Rd, Santa Clara, CA 95054
      View Details
    • Contact for pricing
      39,068 SF

      Santa Clara Specialty Property

      Specialty property available for sale in Santa Clara, California.
      3511 Thomas Rd, Santa Clara, CA 95054
      View Details
    • Contact for pricing
      11,580 SF

      Freestanding Building with HVAC

      Freestanding building featuring HVAC, office and production space.
      1065-1075 Comstock St, Santa Clara, CA 95054
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Santa Clara Office Space Available

      Office suites available with direct access to major highways.
      3080 Olcott St, Santa Clara, CA 95054
      View Details
    • $3 SF/Yr
      89,620 SF

      Class A Office Space Available

      Class A office building near Santa Clara Convention Center.
      5201 Great America Pkwy, Santa Clara, CA 95054
      View Details
    • Sponsored
      Contact for pricing

      Spaces Augustine 101

      Workspaces, services and support to help you grow your business in Spaces Augustine 101
      2445 Augustine Dr, Santa Clara, CA 95054
      View Details
    • $11,200 /Mo

      Industrial/Office Building in Koll Oakmead

      Freestanding industrial/office building in Santa Clara available for lease.
      3350 Scott Blvd, Santa Clara, CA 95054
      View Details
    • $4 SF/Yr
      27,671 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
    • Contact for pricing
      2,300 SF

      Restaurant Space with Patio Potential

      Shell condition restaurant space with high visibility and patio potential.
      4300 Great America Pkwy, Santa Clara, CA 95054
      View Details
    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.
    1550 Spc Park Dr
    Santa Clara, CA 95054
    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
    1550 Spc Park Dr, 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!