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Property profile & analytics
OFF-MARKET
Estimated value
$112,000,000
Industrial land
2401 Walsh Ave Santa Clara, CA 95051-1302
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0079932
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1997
Total area
167,932 SF
Lot
4.98 ac (216,994 SF)
Zoning code
ML
APN
216-28-127
UPID
US09-0079932
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
-
BlackStone Discovery Media Distribution
-
Digital Realty Data Center Business Management Consultant Internet Service Provider
-
Cyxtera Silicon Valley Data Center - SFO1 Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$112.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$74.49M
Blend (final)
Blend
$112.00M
Owner & transaction history
2401 Walsh Avenue LLC · 2 yrs held
2401 Walsh Avenue LLC
since 2024
Last sale
$112.0M
7 recorded transactions
Zoning & alternative use
ML · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$172.6M
+223.7%
Retail stores
$95.1M
+78.3%
Office building
$91.8M
+72.2%
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
$112,000,000
ML approach
$112,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$172,580,000
Change: +224% · Conversion: Difficult
RETAIL STORES
$95,050,000
Change: +78% · Conversion: Moderate
OFFICE BUILDING
$91,805,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$112.00M
Range $100.80M – $123.20M · ±10% · vs last sale $112.00M (Jan 18 2024)
Last sale anchor
$112.00M
Jan 18 2024
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
$667 / 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
$909,684
Tax year 2024
Assessed value
$78,030,000
Assessed 2024
Previous assessed
$78,030,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$33,813,000
Assessed improvement
$44,217,000
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1997
Heating
NONE
Stories
2
Total area
167,932 SF
Lot
4.98 ac (216,994 SF)
Zoning code
ML
APN
216-28-127
UPID
US09-0079932
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$172.6M
RETAIL STORES
Est. value
$95.1M
OFFICE BUILDING
Est. value
$91.8M
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1997
Heating
NONE
Stories
2
Lot
4.98 ac
Current owner
From public records · entity-resolved
2401 Walsh Avenue LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
—
2401 Walsh Avenue LLC
—
Deed
related
$177,000,000 · Wilmington Trust NA
Jan 18, 2024
—
2401 Walsh Avenue LLC
Digital Walsh 1 LLC
Intrafamily Transfer
related
$230,000,000 · Wells Fargo Bank NA
Dec 6, 2021
$112,000,000
Digital Walsh 1 LLC
Digital Realty Trust LP
Grant Deed
—
Jun 28, 2005
—
Digital Realty Trust
Meerkat Sc4 LLC
Grant Deed
related
—
Mar 15, 2004
—
Meerkat Sc4 LLC
Exodus Communications Real Pro
Quit Claim Deed
related
$53,700,000 · Lehman Ali INC
Apr 4, 2001
—
Communications Real Pro Exodus
—
Deed Of Trust
related
$105,000,000 · Lehman Brothers Bank Fsb
Mar 1, 2001
—
Communications Real Pro Exodus
G & I Walsh LLC
Grant Deed
related
—
Mar 4, 1999
—
G & I Walsh LLC
—
Deed Of Trust
related
$14,400,000 · City & County San Fran Emp Ret
Jun 9, 1998
—
G & I Walsh LLC
Mopar LLC
Grant Deed
$12,300,000 · Lehman Capital Corp
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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