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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Manufacturing properties
299 Mcglincy Ln Campbell, CA 95008-4943
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3202090
Property summary
AI-generated overview
This exceptional Campbell, CA industrial property at 299 E McGlincy Ln offers a unique opportunity. The 14,855 square foot building, situated on 0.83 acres, underwent a complete renovation in 2024, boasting a new roof and parking lot. The property features eight suites, with a minimum divisible space of 1,040 square feet and a maximum contiguous space of 11,295 square feet. Currently, two units are available: Unit 281B (3,690 sq ft, 270 amps) and Unit 281C (2,190 sq ft, 125 amps). Each unit includes a roll-up garage door and restroom. The building's Class B designation reflects its high-quality construction and recent upgrades. The single-story building offers a 16-foot ceiling height, seven drive-in doors, and ample parking with 29 spaces. Located in the heart of Campbell, this property benefits from convenient access via Curtner Ave and S McGlincy Lane. The Light Industrial (LI) zoning allows for diverse uses. The property's features, coupled with its prime location, make it an ideal choice for businesses seeking versatile and well-maintained industrial space. The building's APN is 412-32-003. Net, Net, Net (NNN) expenses are estimated at $0.40 per square foot. This is a rare opportunity to secure small bay industrial space in a highly desirable Campbell location.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Construction
TILT-UP CONCRETE
Total area
13,164 SF
Lot
0.83 ac (36,220 SF)
Zoning code
M-1
APN
412-32-003
UPID
US09-3202090
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
-
QT Photography and Film Wedding Service Photography Service
-
A Priority Pool & Spa Renovation Specialist General Contractor
-
Teammate Distribution Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.86M
CAP Approach
CAP
$3.38M
Comparable Approach
Comparable
$3.66M
Blend (final)
Blend
$3.87M
Owner & transaction history
Mcglincy LLC · 2 yrs held
Mcglincy LLC
since 2023
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
M-1 · Campbell, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.9M
+11.8%
Apartment house (5+ units)
$5.4M
+2.1%
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 Campbell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Campbell 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
$3,870,000
ML approach
$3,860,000
CAP Approach
CAP Return
Estimation
6%
$3,660,000
6.5%
$3,380,000
7%
$3,140,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,290,000
Current use
RETAIL STORES
$5,910,000
Change: +12% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,400,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,680,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±10% · vs last sale $4.00M (Nov 30 2023)
Last sale anchor
$4.00M
Nov 30 2023
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
$294 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$1,972,158
Assessed 2023
Previous assessed
$1,972,158
+0.0% YoY
Assessed land
$828,767
Assessed improvement
$1,143,391
Applied tax rate
10.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
13,164 SF
Lot
0.83 ac (36,220 SF)
Zoning code
M-1
APN
412-32-003
UPID
US09-3202090
Jurisdiction
SANTA CLARA
Zoning & alternative use
M-1 · Campbell, CAZoning M-1 · permitted uses
M-1 · Campbell, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.3M
RETAIL STORES
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$4.7M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Mcglincy LLC
Entity
Mailing address
274 MARTIN AVE, SANTA CLARA, CA 95050-4341
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
—
Mcglincy LLC
—
Deed
related
$3,300,000 · Avidbank
Nov 30, 2023
$4,000,000
Mcglincy LLC
Gary Eagan
Grant Deed
$2,800,000 · Avidbank
Dec 26, 2017
—
Eagan,gary Living Trust
Eagan,gary
Quit Claim Deed
related
—
Mar 15, 2005
—
Eagan Gary & Gloria Trust
Eagan,gary A & Gloria E
Quit Claim Deed
related
—
Dec 1, 1997
—
David Biancalana
Biancalana,marcia
Quit Claim Deed
related
—
Dec 1, 1997
$2,570,000
Gary A Eagan
Biancalana,david
Grant Deed
$642,500 · Bank Of America Community Dev
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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