Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1978 Bellomy St Santa Clara, CA 95050-5773

    • Apartment buildings
    • 10,316 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2025
    $4,080,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0705826
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1978 Bellomy St

    Year built
    1964
    Construction
    WOOD
    Lot size
    0.38 lot acres
    Property size
    10,316 SF
    Zone code
    R325
    Property type
    Apartment buildings
    APN
    269-39-096
    APU
    26939096

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clara
    County
    Santa Clara
    State
    California
    Longitude
    -121.955
    Latitude
    37.34
    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
    $63,510
    $2,720,000
    $2,720,000
    $5,440,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $430,000
      2.76 Acres

      Santa Clara, CA 95050

      APARTMENT HOUSE (5+ UNITS) • 2.76 Acres
      Santa Clara, CA 95050
      View Details
    • Value Estimation
      $1,540,000
      382,904 SF

      350 Chastain Pl

      APARTMENT HOUSE (5+ UNITS) • 382,904 SF
      350 Chastain Pl, Santa Clara, CA 95050-4682
      View Details
    • Value Estimation
      $555,000
      9,297 SF

      2295 Anna Dr

      APARTMENT HOUSE (5+ UNITS) • 9,297 SF
      2295 Anna Dr, Santa Clara, CA 95050-4466
      View Details
    • Value Estimation
      $1,380,000
      368,187 SF

      431 El Camino Real

      APARTMENT HOUSE (5+ UNITS) • 368,187 SF
      431 El Camino Real, Santa Clara, CA 95050-4304
      View Details
    • Value Estimation
      $640,000
      30,432 SF

      1820 Main St

      APARTMENT HOUSE (5+ UNITS) • 30,432 SF
      1820 Main St, Santa Clara, CA 95050-3847
      View Details
    • Value Estimation
      $550,000
      73,128 SF

      890 Main St

      APARTMENT HOUSE (5+ UNITS) • 73,128 SF
      890 Main St, Santa Clara, CA 95050-5467
      View Details

    Similar Nearby for Sale

    • $2,050,000
      2,585 SF

      Multifamily Property Near Santa Clara University

      Six-unit multifamily property with strong cap rate and recent upgrades.
      1555 Washington St, Santa Clara, CA 95050
      View Details
    • $2,188,000
      3,784 SF

      Santa Clara Multifamily Investment Opportunity

      Six-unit property with value-add potential in a prime Silicon Valley location.
      2136 Main St, Santa Clara, CA 95050
      View Details
    • $2,355,000
      4,484 SF

      Santa Clara Multifamily Investment Opportunity

      Six-unit multifamily property in Santa Clara, California.
      184 Roxbury St, Santa Clara, CA 95050
      View Details
    • $2,290,000
      4,264 SF

      Santa Clara Multifamily Investment Opportunity

      Well-maintained, upgraded five-unit multifamily property in Santa Clara.
      2070 Sahara Way, Santa Clara, CA 95050
      View Details
    • $2,125,000
      3,784 SF

      Santa Clara Multifamily Investment Opportunity

      Six-unit property with value-add potential in a prime location.
      Main St, Santa Clara, CA 95050
      View Details
    • $2,355,000
      4,484 SF

      Santa Clara Multifamily Investment

      Six-unit multifamily property in Santa Clara, California.
      Roxbury St, Santa Clara, CA 95050
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      751 SF

      Retail Space Near Santa Clara University

      Retail space available near Santa Clara University with parking.
      588 El Camino Real, Santa Clara, CA 95050
      View Details
    • $3 SF/Yr
      9,263 SF

      Medical/Dental Office Suite Available

      Medical/Dental office suite in Santa Clara available for lease.
      2790 Newhall St, Santa Clara, CA 95050
      View Details
    • Contact for pricing
      1,458 SF

      Retail Anchor Space Available

      Retail space with frontage on Stevens Creek Blvd.
      3111-3149 Stevens Creek Blvd, Santa Clara, CA 95050
      View Details
    • $3,300 /Mo

      Office/Retail Space Available For Rent

      Office and retail space available for lease in Santa Clara.
      1130 Walsh Ave, Santa Clara, CA 95050
      View Details
    • $42 SF/Yr
      1,372 SF

      Santa Clara Office Space Available

      Office space available for lease in Santa Clara, CA.
      2817-2908 El Camino Real, Santa Clara, CA 95050
      View Details
    • $3 SF/Yr
      25,600 SF

      Santa Clara Warehouse with Yard

      25,600 SF warehouse with large paved and fenced yard.
      2290 De La Cruz Blvd, Santa Clara, CA 95050
      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.
    1978 Bellomy St
    Santa Clara, CA 95050-5773
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.