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Property profile & analytics
OFF-MARKET
Estimated value
$19,305,000
Industrial land
2403 Walsh Ave Santa Clara, CA 95051-1302
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0252030
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1973
Total area
103,940 SF
Lot
4.39 ac (191,294 SF)
Zoning code
ML
APN
216-28-126
UPID
US09-0252030
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
by Request
CAP Approach
CAP
$26.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.31M
Owner & transaction history
2403 Walsh Avenue LLC · 2 yrs held
2403 Walsh Avenue LLC
since 2024
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$28,915,000
6.5%
$26,690,000
7%
$24,785,000
Blend value · Realmo final
$19.31M
Range $17.37M – $21.24M · ±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
$186 / 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
$570,993
Tax year 2024
Assessed value
$48,898,800
Assessed 2024
Previous assessed
$48,898,800
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$30,847,860
Assessed improvement
$18,050,940
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
1973
Heating
NONE
Stories
2
Total area
103,940 SF
Lot
4.39 ac (191,294 SF)
Zoning code
ML
APN
216-28-126
UPID
US09-0252030
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
1973
Heating
NONE
Stories
2
Lot
4.39 ac
Current owner
From public records · entity-resolved
2403 Walsh Avenue LLC
Entity
Mailing address
2333 PONCE DE LEON BLVD STE #900, CORAL GABLES, FL 33134-5449
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
—
2403 Walsh Avenue LLC
—
Deed
related
$177,000,000 · Wilmington Trust NA
Jan 18, 2024
—
2403 Walsh Avenue LLC
Digital Walsh 2 LLC
Grant Deed
$230,000,000 · Wells Fargo Bank NA
Dec 6, 2021
$69,200,000
Digital Walsh 2 LLC
Digital Realty Trust LP
Grant Deed
—
Jun 28, 2005
—
Digital Realty Trust
Meerkat Sc5 LLC
Grant Deed
related
—
Mar 15, 2004
—
Meerkat Sc4 LLC
Exodus Communications Real Pro
Grant Deed
$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
—
Jun 9, 1998
—
G & I Walsh LLC
Mopar LLC
Grant Deed
$12,300,000 · Lehman Capital Corp
Mar 29, 1996
—
Mopar LLC
—
Grant Deed
related
$4,300,000 · Wells Fargo Bank
Feb 1, 1996
$4,200,000
Mopar LLC
Scientific Custom Metal Produc
Trustees Deed
—
Feb 1, 1996
$400,000
Mopar LLC
Scientific Custom Metal Produc
Trustees Deed
—
Sep 3, 1993
—
Custom Metal Products Scientific
Raychem Intl Man
Grant Deed
$2,670,000 · Wells Fargo Bank
—
—
G & I Walsh LLC
—
Deed Of Trust
related
$14,400,000 · City & County San Fran Emp Ret
—
—
Communications Real Pro Exodus
—
Deed Of Trust
related
$150,000 · Cable & Wireless Plc
—
—
Custom Metal Products Scientific
—
Deed Of Trust
related
$1,000,000 · Bay Area Busines
—
—
Custom Metal Produc Scientific
—
Deed Of Trust
related
$1,000,000 · Individual
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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