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Property profile & analytics
FOR LEASE
Office buildings
2903 Bunker Hill Ln Santa Clara, CA 95054
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1631307
For Lease
$17,000,000
2903 Bunker Hill Ln, Santa Clara, CA 95054
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
TILT-UP CONCRETE
Total area
48,831 SF
Lot
9.54 ac (415,562 SF)
Zoning code
ML
APN
104-49-018
UPID
US09-1631307
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
-
T45 Labs LLC Production Facility
-
Achronix Data Acceleration Corporate Office
-
Netronome (Bike/Boat/Book/etc) Store Corporate Office
-
Online Training & Placement Employment Agency
-
Wind River (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.00M
Owner & transaction history
Ga Parkway Property LLC · 8 yrs held
Ga Parkway Property LLC
since 2018
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$26,695,000
Current use
RETAIL STORES
$25,345,000
Change: -5% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$22,995,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$17.00M
Range $15.30M – $18.70M · ±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
$348 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$76,054,338
Assessed 2023
Previous assessed
$74,563,077
+2.0% YoY
Assessed land
$38,277,614
Assessed improvement
$37,776,724
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
For Lease
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
3
Stories
2
Units
1
Total area
48,831 SF
Lot
9.54 ac (415,562 SF)
Zoning code
ML
APN
104-49-018
UPID
US09-1631307
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$26.7M
RETAIL STORES
Est. value
$25.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$23.0M
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
Buildings
3
Units
1
Lot
9.54 ac
Current owner
From public records · entity-resolved
Ga Parkway Property LLC
Entity
Mailing address
230 CALIFORNIA AVE STE #212, PALO ALTO, CA 94306-1637
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2018
$69,542,000
Ga Parkway Property LLC
Aslan Newcastle Grt America Ow
Grant Deed
—
Jun 14, 2011
$45,700,000
Aslan Newcastle Great America
Great America Office Investors
Grant Deed
—
Apr 2, 2007
$3,645,000
Great America Office Invtrs Ti
Great America Office Ptrs LLC
Grant Deed
related
—
Jan 5, 2007
—
Great America Office Ptrs LLC
Great American Associates LLC
Quit Claim Deed
$46,455,108 · Marathon Structured Fin Fu
Jun 21, 2000
—
Great American Associates LLC
Wmp II Real Estate LP
Grant Deed
$38,960,000 · General Electric Capital Corp
Aug 30, 1996
—
Real Estate LP Wmp II
Wmp Real Estate LP
Quit Claim Deed
related
$73,000 · Gmac Commercial Mortgage Corp
Jul 8, 1996
$22,000,000
Wmp Real Estate LP
Whc-six Real Estate LP
Grant Deed
—
Aug 4, 1994
—
Whc-six Real Estate LP
Prudential Insur
Deed Of Trust
related
$194,757,880 · General Electric Capital Corp
Dec 19, 1991
—
Prudential Insur
Fidelity Natl Ti
Trustees Deed
related
—
—
—
Tasman Developme
—
Deed Of Trust
related
$27,800,000 · Prudential Insurance Of Americ
—
—
Great America Office Invtrs Ti
—
Deed Of Trust
related
$24,550,000 · Bfaf Gap LLC
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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