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Property profile & analytics
OFF-MARKET
Estimated value
$11,865,000
Industrial land
3205 Bassett St Santa Clara, CA 95054-2723
Entity Owned
3-yr Hold
Free & Clear
Property ID
US10-3290530
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
2002
Construction
CONCRETE
Total area
33,257 SF
Lot
1.23 ac (53,578 SF)
Zoning code
ML
APN
101-11-003
UPID
US10-3290530
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
$8.54M
Comparable Approach
Comparable
$10.18M
Blend (final)
Blend
$11.87M
Owner & transaction history
Basset California LLC · 3 yrs held
Basset California LLC
since 2023
Last sale
$13.3M
6 recorded transactions
Zoning & alternative use
ML · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$18.2M
+78.6%
Retail stores
$17.3M
+69.5%
Apartment house (5+ units)
$15.7M
+53.8%
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
$14,000,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,250,000
6.5%
$8,540,000
7%
$7,930,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,180,000
Current use
OFFICE BUILDING
$18,180,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$17,260,000
Change: +70% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$15,660,000
Change: +54% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,825,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$11.87M
Range $10.68M – $13.05M · ±10% · vs last sale $13.30M (Mar 22 2023)
Last sale anchor
$13.30M
Mar 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
$357 / 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
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
33,257 SF
Lot
1.23 ac (53,578 SF)
Zoning code
ML
APN
101-11-003
UPID
US10-3290530
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
$10.2M
OFFICE BUILDING
Est. value
$18.2M
RETAIL STORES
Est. value
$17.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.7M
WAREHOUSE, STORAGE
Est. value
$11.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
2002
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.23 ac
Current owner
From public records · entity-resolved
Basset California LLC
Entity
Free & Clear · 3 yrs held
Mailing address
100 FLD PT RD, GREENWICH, CT 06830-6479
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
Mar 22, 2023
$13,300,000
Basset California LLC
Spirit At 3205 Bassett Ca LP
Grant Deed
—
May 11, 2004
—
At 3205 Bassett Ca Cole
Cole At Santa Clara Ca LLC
Quit Claim Deed
related
—
Jul 9, 2003
$6,700,000
Rs Santa Clara LLC
912-914 W El Camino Real Ptshp
Grant Deed
$6,000,000 · German American Capital Corp
Mar 17, 2000
—
Computer Performance INC
Bassett Street Self-storage Ll
Grant Deed
related
—
—
—
West El Camino Real 912-914
—
Deed Of Trust
related
$1,750,000 · Greater Bay Bank
—
—
Cole At Santa Clara Ca LLC
—
Deed Of Trust
related
$7,048,000 · Wachovia 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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