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Property profile & analytics
OFF-MARKET
Estimated value
$8,150,000
Retail space
234 Saratoga Ave Santa Clara, CA 95050-6629
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3145745
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
CONCRETE
Total area
36,484 SF
Lot
2.84 ac (123,646 SF)
Zoning code
CN
APN
294-01-015
UPID
US09-3145745
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
-
Amazon Locker - Analisis Courier Service Postal Service
-
Bank of America ATM Atm
-
Lucky Grocery & Convenience Store Food Market
-
MoneyGram Bank Credit Union
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.15M
Owner & transaction history
Lucky Nocal Lease Investor LLC · 19 yrs held
Lucky Nocal Lease Investor LLC
since 2006
4 recorded transactions
Zoning & alternative use
CN · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$223 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$4,932,486
Assessed 2023
Previous assessed
$4,835,772
+2.0% YoY
Assessed land
$3,099,470
Assessed improvement
$1,833,016
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
36,484 SF
Lot
2.84 ac (123,646 SF)
Zoning code
CN
APN
294-01-015
UPID
US09-3145745
Jurisdiction
SANTA CLARA
Zoning & alternative use
CN · Santa Clara, CA
Zoning CN · permitted uses
CN · 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.
Building & site characteristics
From public records
Year built
1976
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
2.84 ac
Current owner
From public records · entity-resolved
Lucky Nocal Lease Investor LLC
Entity
Mailing address
7855 IVANHOE AVE STE #333, LA JOLLA, CA 92037-4509
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2024
—
Pruneridge Shopping Center
—
Deed
related
$4,000,000 · Zb NA
May 7, 2012
—
Pruneridge Shopping Center
—
Deed Of Trust
related
$2,483,000 · California Bank & Trust
Oct 11, 2006
—
Lucky Nocal Lease Investor LLC
Owner,record
Deed Of Trust
related
$1,689,279,700 · Greenwich Capital Fin'l INC
May 31, 2002
—
Pruneridge Shopping Center
—
Deed Of Trust
related
$1,700,000 · California Bank & Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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