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    2760 Homestead Rd Santa Clara, CA 95051
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    2760 Homestead Rd, Santa Clara, CA 95051

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    • Strip malls
    • 10,457 SF
    • 9.08 lot acres
    For Lease
    $2,030,000
    View Listing →
    Safeway Anchored Shopping Center For Lease
    $2,030,000

    Safeway Anchored Shopping Center

    Retail spaces for rent in a popular Santa Clara center.

    2760 Homestead Rd, Santa Clara, CA 95051
    View Listing
    Property ID
    US10-2980595
    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

    • Starbucks / Cafe & Coffee Shop
    • Volta Charging Station / Electric Vehicle Charging Station
    • Eco Green Carpet & Upholstery Cleaning / Carpet Cleaning Service
    • Coinstar Kiosk - Bitcoin ATM / Currency Exchange Service / Atm
    • Amazon Locker - Rory / Postal Service / Courier Service

    Property Details for 2760 Homestead Rd

    Year built
    1965
    Construction
    WOOD
    Lot size
    9.08 lot acres
    Zone code
    CN
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    294-18-035
    APU
    29418035

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 16, 2012 — Fw Ca-mariposa Gardens Shoppin — Deed Of Trust · related $53.5M · Hartford Life Insurance Co
    Jun 23, 2005 $29,574,000 Fw Ca Mariposa Gardens Shopping Ctr U S Retail Partners LLC Grant Deed $17.1M · Wachovia Bank NA
    Jun 25, 2004 — Us Retail Partners LLC Ch Realty Grant Deed · related —
    Dec 12, 2001 — Ch Realty H/maripisa LP Demartini Joint Account Grant Deed · related —

    Description

    This exceptional retail opportunity presents two available spaces within the thriving Mariposa Shopping Center, totaling 126,658 square feet. Located in Santa Clara County, this center boasts a strong tenant mix, anchored by a Safeway supermarket, and complemented by established national retailers such as Ross Dress for Less and CVS. The property offers high visibility and accessibility within a densely populated trade area, ensuring significant foot traffic. The available spaces range from a minimum of 975 square feet to a maximum contiguous space of 2,267 square feet, providing flexibility for various retail concepts. The center enjoys an impressive annual visitation exceeding 3,104,196, demonstrating its robust draw and potential for success. Its proximity to Kaiser Permanente further enhances its strategic location and accessibility. This is an ideal opportunity for businesses seeking a prime retail location in a high-traffic area with established anchors and a proven track record. Currently, 3,242 square feet are vacant, offering immediate occupancy potential. The center's two suites provide a well-established and successful retail environment. This property is a rare opportunity to secure a space in a highly desirable and productive shopping center.

    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
    -121.974
    Latitude
    37.3384
    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
    2022
    $0.00
    $19,366,175
    $23,895,579
    $43,261,754
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
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      45,260 SF

      3615 El Camino Real

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation by Request
      1,113 SF

      3591 Homestead Rd

      SHOPPING CENTER, STRIP CENTER
      3591 Homestead Rd, Santa Clara, CA 95051-8101
      View Details
    • Value Estimation
      $4,135,000
      13,983 SF

      2961 El Camino Real

      SHOPPING CENTER, STRIP CENTER
      2961 El Camino Real, Santa Clara, CA 95051-2903
      View Details
    • Value Estimation
      $1,790,000
      9,800 SF

      2794 El Camino Real

      SHOPPING CENTER, STRIP CENTER
      2794 El Camino Real, Santa Clara, CA 95051-3061
      View Details
    • Value Estimation
      $1,335,000
      7,101 SF

      3605 El Camino Real

      SHOPPING CENTER, STRIP CENTER
      3605 El Camino Real, Santa Clara, CA 95051-2605
      View Details

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      Community Shopping Center Retail Space

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      Safeway Anchored Shopping Center

      Retail spaces for rent in a popular Santa Clara center.
      2760 Homestead Rd, Santa Clara, CA 95051
      View Details
    • Contact for pricing
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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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