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    2517 El Camino Real Santa Clara, CA 95051
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    Property profile & analytics

    2517 El Camino Real, Santa Clara, CA 95051

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    • Retail space
    • 9,800 SF
    • 0.63 lot acres
    For Lease
    $2,245,000
    View Listing →
    Prime Retail Space on El Camino For Lease
    $2,245,000
    11,950 SF

    Prime Retail Space on El Camino

    Retail space with high visibility and ample parking.

    2517 El Camino Real, Santa Clara, CA
    View Listing
    Property ID
    US09-1288744
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Precise Collision / Auto Repair Shop
    • RESTORFX SANTA CLARA / Car Wash
    • Nelco German Auto Repair / Auto Repair Shop / Vehicle Inspection Center
    • Just Rent A Car / Car Rental Facility
    • SMOG QUEEN Star Station at Santa Clara / Sustainability Organization

    Property Details for 2517 El Camino Real

    Year built
    1976
    Construction
    TILT-UP CONCRETE
    Lot size
    0.63 lot acres
    Zone code
    CT
    Property type
    Retail space
    APN
    216-01-051
    APU
    21601051

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 3, 2023 — George Michael Slavich George Michael Slavich Intrafamily Transfer · related —
    Mar 3, 2021 — George Michael Slavich George Michael Slavich Intrafamily Transfer · related —
    Jan 18, 2011 — Slavich George M Living Trust Slavich,george M Quit Claim Deed · related —
    Sep 10, 2010 — Slavich George M Living Trust Slavich,george M Quit Claim Deed · related —
    Jul 1, 2010 — George M Slavich Slavich,george M Quit Claim Deed · related —
    Jan 10, 1995 — George M Slavich Slavich,george M & Slavenka Quit Claim Deed · related —
    Jul 10, 1992 — Deborah Kirby Kirby,d. Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clara
    County
    Santa Clara
    State
    California
    Longitude
    -121.972
    Latitude
    37.3529
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $29,374
    $2,119,812
    $364,572
    $2,484,384
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $11,060,000
      48,040 SF

      2455 El Camino Real

      RETAIL STORES (PERSONAL SERVICES)
      2455 El Camino Real, Santa Clara, CA 95051-3001
      View Details
    • Value Estimation
      $6,340,000
      23,626 SF

      3580 El Camino Real

      RETAIL STORES (PERSONAL SERVICES)
      3580 El Camino Real, Santa Clara, CA 95051-2136
      View Details
    • Value Estimation
      $2,270,000
      10,152 SF

      3295 El Camino Real

      RETAIL STORES (PERSONAL SERVICES)
      3295 El Camino Real, Santa Clara, CA 95051-2824
      View Details
    • Value Estimation
      $1,080,000
      4,200 SF

      2782 Homestead Rd

      RETAIL STORES (PERSONAL SERVICES)
      2782 Homestead Rd, Santa Clara, CA 95051-5353
      View Details
    • Value Estimation
      $2,130,000
      6,063 SF

      781 Lawrence Expy

      RETAIL STORES (PERSONAL SERVICES)
      781 Lawrence Expy, Santa Clara, CA 95051-5118
      View Details
    • Value Estimation
      $1,790,000
      5,410 SF

      5075 Stevens Crk Blvd

      RETAIL STORES (PERSONAL SERVICES)
      5075 Stevens Crk Blvd, Santa Clara, CA 95051-6669
      View Details

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      Santa Clara Multifamily Investment Opportunity

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      Santa Clara Multifamily Investment Opportunity

      Multifamily property in Santa Clara with Cupertino Schools.
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    • $2,260,000
      Pending

      Silicon Valley Investment Opportunity

      Four-unit property in a desirable, established Silicon Valley neighborhood.
      720 Harvard Ave, Santa Clara, CA 95051
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,950 SF

      Prime Retail Space on El Camino

      Retail space with high visibility and ample parking.
      2517 El Camino Real, Santa Clara, CA 95051
      View Details
    • Contact for pricing
      640 SF

      Retail Space on El Camino Real

      Retail space available for lease on El Camino Real.
      2400-2470 El Camino Real, Santa Clara, CA 95051
      View Details
    • Contact for pricing
      904 SF

      New Retail Space in Santa Clara

      New construction retail space in the heart of Silicon Valley.
      3560 Rambla Pl, Santa Clara, CA 95051
      View Details
    • Contact for pricing
      1,528 SF

      Retail Space on El Camino Real

      Retail space available for lease on El Camino Real.
      3379-3425 El Camino Real, Santa Clara, CA 95051
      View Details
    • Contact for pricing
      2,845 SF

      Retail Space Near Corporate Hubs

      Retail space in Santa Clara, close to major corporate headquarters.
      1470 Alpine Ave, Santa Clara, CA 95051
      View Details
    • Contact for pricing
      1,350 SF

      Community Shopping Center Retail Space

      Retail space available in Santa Clara shopping center.
      2624-2792 Homestead Rd, Santa Clara, CA 95051
      View Details
    View Listing
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    Santa Clara, CA 95051
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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