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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Life science properties
2400 Condensa St 23 Santa Clara, CA 95051-0901
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3266990
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1970
Construction
TILT-UP CONCRETE
Total area
215,548 SF
Lot
10.96 ac (477,420 SF)
Zoning code
PD
APN
216-28-128
UPID
US10-3266990
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.38M
Owner & transaction history
Nvidia Corp · 7 yrs held
Nvidia Corp
since 2018
7 recorded transactions
Zoning & alternative use
PD · 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$6 / 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
$381,506
Tax year 2024
Assessed value
$32,194,157
Assessed 2024
Previous assessed
$32,194,157
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$21,248,146
Assessed improvement
$10,946,011
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
215,548 SF
Lot
10.96 ac (477,420 SF)
Zoning code
PD
APN
216-28-128
UPID
US10-3266990
Jurisdiction
SANTA CLARA
Zoning & alternative use
PD · Santa Clara, CA
Zoning PD · permitted uses
PD · 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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
10.96 ac
Current owner
From public records · entity-resolved
Nvidia Corp
Entity
Free & Clear · 7 yrs held
Mailing address
2788 SAN TOMAS EXPY, SANTA CLARA, CA 95051-0952
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2018
—
Nvidia Corp
Nvidia Land Dev LLC
Quit Claim Deed
related
—
Jan 14, 2010
—
Nvidia Land Dev LLC
Nvidia Land Dev LLC
Quit Claim Deed
related
—
Sep 26, 2007
—
Harvest 2400 LLC
Coherent INC
Grant Deed
—
Dec 11, 2003
—
Coherent INC
Smbc Leasing & Finance INC
Grant Deed
related
—
Feb 15, 2002
—
Coherent INC
—
Deed Of Trust
related
$24,600,000 · Smbc Leasing & Finance INC
Nov 4, 1997
—
Santa Clara City (ca)
Coherent INC
Grant Deed
related
—
Jan 9, 1997
—
Sumitomo Bank Leasing & Financ
Unisys Master Trust
Grant Deed
related
—
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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