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2962 Bunker Hill Ln, Santa Clara, CA 95054
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Property summary
AI-generated overview
The property is a commercial space in Santa Clara configured as flex and industrial space, with a total area of 15,811 square feet.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
TILT-UP CONCRETE
Total area
56,448 SF
Lot
18.99 ac (827,379 SF)
Zoning code
ML
APN
104-49-030
UPID
US09-5260278
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Corporate Office
-
General Contractor Renovation Specialist
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$51.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$42.46M
Blend (final)
Blend
$51.00M
Owner & transaction history
since 2024
Last sale
$51.0M
5 recorded transactions
Zoning & alternative use
ML · Santa Clara, CA
Zoning description
this chapter, permitted uses of the ML light manufacturing district are allowed, and none of the other sections of this chapter shall apply to such building and use, until such time as the existing use (including any exp…
General category
INDUSTRIAL
Top alternative use upside
Neighborhood: shopping center
$58.0M
+88.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$51.00M
Value range
$45.90M – $56.10M
±10% around blend
Estimated value / SF
$903 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
$45.90M
blend $51.00M
$56.10M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
56,448 SF
Lot area
18.99 ac
Year built
1980
Stories
2
APN
104-49-030
Zoning
ML
Assessed value
$164,932,751
Annual tax
$1,928,690
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$23.69M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.4 mi away · 60,028 SF
10.3 mi away · 42,816 SF
14.5 mi away · 56,508 SF
20.4 mi away · 41,290 SF
20.4 mi away · 41,769 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$51.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 46 sales
$547
+65%
County 804 sales
$594
+52%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $903/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+88%
vs current-use indication
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
3.70%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.70%
9.0%
NOI (est.)
$3.57M *
Last sale · Sep 2024
$51.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$96.49M
Move the market yield to see immediate price impact.
Value / SF
$1,709
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.20%3.70%4.20%
$3.21M
$100.41M
$86.84M
$76.50M
$3.57M
$111.56M
$96.49M
$85.00M
$3.93M
$122.72M
$106.14M
$93.50M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$3.70M
7.0 mi · Sep 2025 · $89/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,928,690
Tax year 2024
Assessed value
$164,932,751
Assessed 2024
Previous assessed
$164,932,751
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$60,043,316
Assessed improvement
$104,889,435
Applied tax rate
7.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
7
Stories
2
Units
7
Total area
56,448 SF
Lot
18.99 ac (827,379 SF)
Zoning code
ML
APN
104-49-030
UPID
US09-5260278
Jurisdiction
SANTA CLARA
Zoning & alternative use
ML · Santa Clara, CAZoning ML · permitted uses
ML · Santa Clara, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
this chapter, permitted uses of the ML light manufacturing district are allowed, and none of the other sections of this chapter shall apply to such building and use, until such time as the existing use (including any exp…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
7
Units
7
Lot
18.99 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
ML
INDUSTRIAL
Jurisdiction
Santa Clara, CA
Recorded code
ML
Official district
ML
Official district profile
What the municipal code says about ML
Zoning description
this chapter, permitted uses of the ML light manufacturing district are allowed, and none of the other sections of this chapter shall apply to such building and use, until such time as the existing use (including any exp…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ML in Santa Clara, CA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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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- Local Zoning Insight
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