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Property profile & analytics
OFF-MARKET
Estimated value
$31,820,000
Industrial land
255 Caspian Dr Sunnyvale, CA 94089-1015
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0873039
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1978
Construction
CONCRETE
Total area
119,756 SF
Lot
6.49 ac (282,704 SF)
Zoning code
MPI
APN
110-33-038
UPID
US09-0873039
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
-
Golden State Overnight Trucking Company
-
Equinix Data Center Data Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$36.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.82M
Owner & transaction history
Brex Net Lease Data Center I Dst
Brex Net Lease Data Center I Dst
since 2026
5 recorded transactions
Zoning & alternative use
MPI · Sunnyvale, 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 Sunnyvale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunnyvale 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%
$40,020,000
6.5%
$36,940,000
7%
$34,305,000
Blend value · Realmo final
$31.82M
Range $28.64M – $35.00M · ±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
$266 / 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
$660,524
Tax year 2024
Assessed value
$56,891,467
Assessed 2024
Previous assessed
$56,891,467
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$22,516,505
Assessed improvement
$34,374,962
Applied tax rate
9.0000
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
1978
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
119,756 SF
Lot
6.49 ac (282,704 SF)
Zoning code
MPI
APN
110-33-038
UPID
US09-0873039
Jurisdiction
SANTA CLARA
Zoning & alternative use
MPI · Sunnyvale, CAZoning MPI · permitted uses
MPI · Sunnyvale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1978
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
6.49 ac
Current owner
From public records · entity-resolved
Brex Net Lease Data Center I Dst
Individual
Mailing address
5800 CORPORATE DR, PITTSBURGH, PA 15237-7098
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2026
$90,250,000
Brex Net Lease Data Center I Dst
255 Caspian Drive Ca Owner LLC
Grant Deed
—
Mar 16, 2017
$50,000,000
255 Caspian Drive Ca Owners Ll
M West Propco Xi LLC
Grant Deed
—
Dec 6, 2016
—
M West Propco Xi LLC
—
Deed
related
$362,000,000 · Wells Fargo Bank NA
Dec 26, 2012
$14,369,000
M West Propco Xi LLC
Mission West Properties INC
Grant Deed
—
Dec 24, 2012
$4,830,500
Mission West Properties INC
Mission West Properties LP
Grant Deed
—
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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