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Property profile & analytics
OFF-MARKET
Estimated value
$34,555,000
Office buildings
2421 Msn College Blvd Santa Clara, CA 95054-1214
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-3353050
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
TILT-UP CONCRETE
Total area
103,634 SF
Lot
5.18 ac (225,640 SF)
Zoning code
MP
APN
104-41-032
UPID
US09-3353050
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$34.56M
Owner & transaction history
Si 87 LLC
Si 87 LLC
since 2025
7 recorded transactions
Zoning & alternative use
MP · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$56,655,000
Current use
RETAIL STORES
$53,790,000
Change: -5% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$48,805,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$34.56M
Range $31.10M – $38.01M · ±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
$333 / 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
$576,221
Tax year 2024
Assessed value
$49,277,572
Assessed 2024
Previous assessed
$49,277,572
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$9,922,849
Assessed improvement
$39,354,723
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
103,634 SF
Lot
5.18 ac (225,640 SF)
Zoning code
MP
APN
104-41-032
UPID
US09-3353050
Jurisdiction
SANTA CLARA
Zoning & alternative use
MP · Santa Clara, CA
Zoning MP · permitted uses
MP · 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
OFFICE BUILDING Current
Est. value
$56.7M
RETAIL STORES
Est. value
$53.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$48.8M
OFFICE BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
5.18 ac
Current owner
From public records · entity-resolved
Si 87 LLC
Entity
Mailing address
599 CASTRO ST STE #400, MOUNTAIN VIEW, CA 94041-3009
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
—
Si 87 LLC
—
Deed
related
$330,000,000 · The Northwestern Mutual Life Insurance C
Sep 5, 2025
—
Si 87 LLC
Si 30 LLC
Grant Deed
—
Oct 4, 2010
—
Si 30 LLC
Sobrato Interests II
Grant Deed
—
Jun 27, 1991
$5,290,000
Sobrato Intersts
Sacramento Prope
Grant Deed
related
—
May 30, 1991
$5,260,000
Sacramento Prope
Sobrato Interest
Grant Deed
related
—
—
—
Sobrato Interests II
—
Deed Of Trust
related
$14,327,500 · Principal Life Insurance Co
—
—
Si 30 LLC
—
Deed Of Trust
related
$16,110,930 · Miscellaneous Ins Co
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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