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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Life science properties
2348 Walsh Ave Santa Clara, CA 95051-1329
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-2598615
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1977
Construction
TILT-UP CONCRETE
Total area
19,860 SF
Lot
9.45 ac (411,645 SF)
Zoning code
ML
APN
224-11-064
UPID
US09-2598615
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
-
Spreadz Sandwiches Take-out & Catering
-
AVISCERA BIOSCIENCE,INC Corporate Office
-
Triple Seven Funding Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Santa Clara Holdco LLC · 1 yrs held
Santa Clara Holdco LLC
since 2025
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$29 / 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
$28,382,366
Assessed 2023
Previous assessed
$27,825,850
+2.0% YoY
Assessed land
$20,011,891
Assessed improvement
$8,370,475
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
5
Stories
1
Total area
19,860 SF
Lot
9.45 ac (411,645 SF)
Zoning code
ML
APN
224-11-064
UPID
US09-2598615
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.
Building & site characteristics
From public records
Year built
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
9.45 ac
Current owner
From public records · entity-resolved
Santa Clara Holdco LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
$123,000,000
Santa Clara Holdco LLC
B9 Sequoia Santa Clara Owner LP
Grant Deed
—
Sep 29, 2022
—
B9 Sequoia Santa Clara Owner LP
—
Deed
related
$411,200,000 · Citibank NA
Jul 29, 2022
—
B9 Sequoia Santa Clara Owner LP
Ps Business Parks LP
Grant Deed
—
Mar 28, 2007
—
Ps Business Parks
San Tomas Investors II
Grant Deed
—
—
—
Sun Life Assurance Company Of Ca
—
Deed Of Trust
related
$3,300,000 · Principal Mutual Life Ins
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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