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Property profile & analytics
OFF-MARKET
Estimated value
$9,080,000
Industrial properties
2170 Martin Ave Santa Clara, CA 95050-2702
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-2802116
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Construction
TILT-UP CONCRETE
Total area
37,700 SF
Lot
1.91 ac (83,200 SF)
Zoning code
ML
APN
224-10-098
UPID
US10-2802116
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
-
Frecklebox Publishing House Printing Service
-
Nourish Inc. Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.76M
CAP Approach
CAP
$9.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.08M
Owner & transaction history
Ajay Real Estate LP
Ajay Real Estate LP
since 2025
7 recorded transactions
Zoning & alternative use
ML · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$13.4M
+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
$8,795,000
ML approach
$8,760,000
CAP Approach
CAP Return
Estimation
6%
$10,490,000
6.5%
$9,680,000
7%
$8,990,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,035,000
Current use
WAREHOUSE, STORAGE
$13,400,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$9.08M
Range $8.17M – $9.99M · ±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
$241 / 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
$100,739
Tax year 2024
Assessed value
$8,552,938
Assessed 2024
Previous assessed
$8,552,938
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$7,216,214
Assessed improvement
$1,336,724
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 properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1976
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
37,700 SF
Lot
1.91 ac (83,200 SF)
Zoning code
ML
APN
224-10-098
UPID
US10-2802116
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
$13.0M
WAREHOUSE, STORAGE
Est. value
$13.4M
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
1976
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
Ajay Real Estate LP
Entity
Mailing address
11021 WINNERS CIR STE #200, LOS ALAMITOS, CA 90720-2879
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2025
—
Ajay Real Estate LP
Ajay Real Estate LLC
Grant Deed
—
Jun 29, 2021
—
Ajay Real Estate LLC
—
Deed
related
$7,800,000 · East West Bank
Nov 19, 2020
—
Ajay Real Estate LLC
—
Deed
related
$7,315,000 · Jeffrey Yellen
Nov 12, 2020
$7,400,000
Ajay Real Estate LLC
18k Properties LLC
Grant Deed
—
Feb 18, 2015
$5,200,000
18k Properties LLC
Feldman Sarpa LLC
Grant Deed
$4,747,500 · Us Bank NA
Nov 12, 2009
—
Feldman Sarpa LLC
Amb Institutional Alliance Fund III
Grant Deed
$1,916,750 · Bridge Bank National Association
Dec 4, 2007
—
Institutional Alliance Fun Amb
Trilight Properties LLC
Grant Deed
—
Aug 10, 2007
$3,600,000
Trilight Properties LLC
B & G Ents LLC
Grant Deed
—
Jan 23, 2002
—
B & G Development Co
Betz Trust
Quit Claim Deed
related
—
Apr 9, 1999
—
Genirberg Trust
Genirberg,sam & Rose
Quit Claim Deed
related
$2,500,000 · Wells Fargo Bank
Feb 5, 1997
—
Helen Betz
Betz Trust
Quit Claim Deed
related
—
—
—
Ajay Real Estate LLC
—
Deed Of Trust
related
$7,315,000 · Jeffrey Yellen
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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