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Property profile & analytics
OFF-MARKET
Estimated value
$2,960,000
Industrial properties
2999 San Ysidro Way Santa Clara, CA 95051-0604
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3278508
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1962
Construction
TILT-UP CONCRETE
Total area
15,485 SF
Lot
0.95 ac (41,382 SF)
Zoning code
ML
APN
205-38-008
UPID
US09-3278508
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.96M
Owner & transaction history
Intuitive Surgical INC · 2 yrs held
Intuitive Surgical INC
since 2023
Last sale
$50,000
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%
$4,310,000
6.5%
$3,975,000
7%
$3,690,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,915,000
Current use
Blend value · Realmo final
$2.96M
Range $2.66M – $3.26M · ±10% · vs last sale $50k (Dec 22 2023)
Last sale anchor
$50k
Dec 22 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
$191 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$87,980
Tax year 2024
Assessed value
$7,500,000
Assessed 2024
Previous assessed
$7,500,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$7,400,000
Assessed improvement
$100,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
15,485 SF
Lot
0.95 ac (41,382 SF)
Zoning code
ML
APN
205-38-008
UPID
US09-3278508
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.9M
INDUSTRIAL (GENERAL) Current
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
0.95 ac
Current owner
From public records · entity-resolved
Intuitive Surgical INC
Entity
Mailing address
1020 KIFER RD, SUNNYVALE, CA 94086-5301
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2023
$50,000
Intuitive Surgical INC
2999 San Ysidro LLC
Grant Deed
—
Sep 29, 2022
—
2999 San Ysidro LLC
Kifer Dev LLC
Grant Deed
—
Dec 24, 2020
—
Kifer Dev LLC
Kifer Office Park LLC
Quit Claim Deed
related
$112,756,800 · Bsrecp III Joint Us Originat
Feb 20, 2019
—
Kifer Dev LLC
—
Grant Deed
related
$112,756,800 · Bsrecp III Joint Us Originat
Nov 30, 2016
$14,500,000
Kifer Dev LLC
Rref II 3689 Kifer LLC
Grant Deed
—
Dec 12, 2014
$51,875,000
Rref II 3689 Kifer LLC
Texas Instruments INC
Grant Deed
—
Mar 18, 2014
—
Texas Instruments INC
National Semiconductor Corp
Quit Claim Deed
related
—
Jun 28, 1996
—
National Semiconductor
Stiplosek,katherine
Grant Deed
related
—
Nov 8, 1995
—
Katherine Stiplosek
Pirslin,anthony Z
Quit Claim Deed
related
—
—
—
Rref II 3689 Kifer LLC
—
Deed Of Trust
related
$49,000,000 · Sbnp Sia Mortgage I LLC Sbnp Sia Mortgage I LLC
—
—
Kifer Dev LLC
—
Loan Modification
related
$112,756,800 · Bsrecp III Joint Us Originat
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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