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Property profile & analytics
FOR LEASE
Life science properties
3111 Coronado Dr Santa Clara, CA 95054
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1426772
For Lease
1 / 8
$47,575,000
3111 Coronado Dr, Santa Clara, CA 95054
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1984
Construction
TILT-UP CONCRETE
Total area
59,300 SF
Lot
6.27 ac (273,121 SF)
Zoning code
ML
APN
216-29-116
UPID
US09-1426772
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
-
Big Switch Networks (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
$43.15M
Blend (final)
Blend
$47.58M
Owner & transaction history
Drsco Coronado LLC · 4 yrs held
Drsco Coronado LLC
since 2022
Last sale
$52.0M
7 recorded transactions
Zoning & alternative use
ML · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$60.9M
+132.9%
Office building
$32.4M
+23.9%
Retail stores
$30.8M
+17.6%
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
$43,150,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$60,940,000
Change: +133% · Conversion: Difficult
OFFICE BUILDING
$32,420,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$30,780,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$47.58M
Range $42.82M – $52.33M · ±10% · vs last sale $52.00M (Jun 24 2022)
Last sale anchor
$52.00M
Jun 24 2022
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
$802 / 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
$56,869,597
Assessed 2023
Previous assessed
$55,754,508
+2.0% YoY
Assessed land
$32,809,384
Assessed improvement
$24,060,213
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
59,300 SF
Lot
6.27 ac (273,121 SF)
Zoning code
ML
APN
216-29-116
UPID
US09-1426772
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$60.9M
OFFICE BUILDING
Est. value
$32.4M
RETAIL STORES
Est. value
$30.8M
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
6.27 ac
Current owner
From public records · entity-resolved
Drsco Coronado LLC
Entity
Mailing address
465 CALIFORNIA ST STE #330, SAN FRANCISCO, CA 94104-1847
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
—
Drsco Coronado LLC
D R Stephens & Company LLC
Intrafamily Transfer
related
$2,000,000 · Rga Reinsurance Company
Nov 22, 2017
$52,000,000
D R Stephens & Company LLC
T C Coronado LLC
Grant Deed
$18,500,000 · City National Bank
Jan 27, 2016
$52,250,000
T-c Coronado LLC
Np 3111 Coronado LLC
Grant Deed
related
—
Oct 13, 2015
$52,250,000
T-c Coronado LLC
Np 3111 Coronado LLC
Grant Deed
—
May 17, 2013
$50,699,000
Np 3111 Coronado LLC
3111-3141 Coronado Drive Assoc
Grant Deed
—
Aug 2, 2011
$13,250,000
3111-3141 Coronado Drive Assoc
Bixby Land Co
Grant Deed
—
Jul 14, 2011
—
Bixby Land Co
Bixby Coronado Research Park L
Quit Claim Deed
related
—
Mar 17, 2011
—
Bixby Land Co
Bixby Coronado Researchi Park
Deed In Lieu Of Foreclosure
related
—
Dec 5, 2007
—
Coronado L Bixby Research
Krausz Coronado One LLC
Grant Deed
—
Jun 27, 2001
—
Krausz Coronado One LLC
Spieker-french #86 LP
Grant Deed
$27,400,000 · Key Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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