Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2971 Mead Ave Santa Clara, CA 95051-0818
    Back to Search
    Property profile & analytics

    2971 Mead Ave, Santa Clara, CA 95051-0818

    View on Map
    • Industrial properties
    • 36,792 SF
    • 1.95 lot acres
    Off-Market
    Property ID
    US09-2825124
    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
    $4,345,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Visionman / Tech Support Center / (Bike/Boat/Book/etc) Store

    Property Details for 2971 Mead Ave

    Year built
    1977
    Construction
    TILT-UP CONCRETE
    Lot size
    1.95 lot acres
    Zone code
    SC
    Property type
    Industrial properties
    APN
    216-28-091
    APU
    21628091

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 26, 1996 $225,000 Mead Associates Rose Trust Grant Deed · related —
    Aug 30, 1990 $225,000 Rose,terrence Tr Starker Services Grant Deed · related —
    — — Mead Associates — Deed Of Trust · related $900k · Standard Insurance Co
    — — Mead Associates — Deed Of Trust · related $650k · Standard Insurance Co
    — — Mead Associates — Deed Of Trust · related $775k · Stancorp Mortgage Investors

    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
    -121.982
    Latitude
    37.3721
    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
    $572,793
    $1,475,457
    $2,048,250
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,555,000
      19,824 SF

      2501 Walsh Ave

      INDUSTRIAL (GENERAL)
      2501 Walsh Ave, Santa Clara, CA 95051
      View Details
    • Value Estimation
      $4,725,000
      40,235 SF

      3671 Enochs St

      HEAVY INDUSTRIAL
      3671 Enochs St, Santa Clara, CA 95051-0601
      View Details
    • Value Estimation
      $3,320,000
      27,602 SF

      3080 Oakmead Vlg Dr

      INDUSTRIAL (GENERAL)
      3080 Oakmead Vlg Dr, Santa Clara, CA 95051-0808
      View Details
    • Value Estimation
      $6,565,000
      34,500 SF

      3517 Ryder St

      INDUSTRIAL (GENERAL)
      3517 Ryder St, Santa Clara, CA 95051-0714
      View Details
    • Value Estimation by Request
      315,000 SF

      2900 Semiconductor Dr

      HEAVY INDUSTRIAL
      2900 Semiconductor Dr, Santa Clara, CA 95051-0606
      View Details
    • Value Estimation by Request
      0.01 Acres

      3011 Corvin Dr

      INDUSTRIAL (GENERAL)
      3011 Corvin Dr, Santa Clara, CA 95051-0724
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      6,085 SF

      Stevens Creek Boulevard Commercial Land

      Commercial land on Stevens Creek Blvd, great location.
      4565 Stevens Creek Blvd, Santa Clara, CA 95051
      View Details
    • $7,660,000
      12,869 SF

      Santa Clara Multifamily Investment Opportunity

      20-unit apartment building in the heart of Silicon Valley.
      Pomeroy Ave, Santa Clara, CA 95051
      View Details
    • $3,198,000

      Santa Clara Multifamily Investment Opportunity

      Multifamily property in Santa Clara with Cupertino Schools.
      2831 Malabar Ave, Santa Clara, CA 95051
      View Details
    • Contact for pricing
      6,444 SF

      Santa Clara Multifamily Investment Opportunity

      7-unit multifamily property in Santa Clara with value-add potential.
      857 Gallatin Dr, Santa Clara, CA 95051
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,170 SF

      Versatile Flex Space in Santa Clara

      Adaptable flex space featuring offices, labs, and warehouse areas.
      2855 Bowers Ave, Santa Clara, CA 95051
      View Details
    • Contact for pricing

      Flex Space with Office/Warehouse

      Flex space featuring both office and warehouse components.
      3350 Scott Blvd, Santa Clara, CA 95051
      View Details
    • Contact for pricing
      88,924 SF

      Class A Office/R&D Building

      88,924 SF Class A Office/R&D building available for lease.
      1388 Kifer Rd, Sunnyvale, CA 95051
      View Details
    • Contact for pricing
      65,841 SF

      Freestanding Office/R&D Building For Lease

      Two-story office/R&D building with server room and backup generator.
      2550 Walsh Ave, Santa Clara, CA 95051
      View Details
    • Contact for pricing
      2,167 SF

      Santa Clara Office Space Available

      Updated office space with covered parking and EV charging.
      4675 Stevens Creek Blvd, Santa Clara, CA 95051
      View Details
    • $2 SF/Yr

      Renovated Office Space in Santa Clara

      Newly renovated office building with market-ready interiors and ample parking.
      2855 Kifer Rd, Santa Clara, CA 95051
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2971 Mead Ave
    Santa Clara, CA 95051-0818
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2971 Mead Ave, Santa Clara, CA, 95051
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!