Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3238 Scott Blvd Santa Clara, CA 95054-3189

    • Apartment buildings
    • 473,849 SF
    • 6.00 lot acres
    OFF-MARKET
    Last Sale
    Dec 01, 2021
    Value Estimations
    $1,185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2203458
    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.

    Current Use by Public Records

    • Santa Clara Square Building 7 / Apartment Building
    • Champion Gym Personal Trainers Santa Clara / Personal Trainer
    • Aljs Auto Service Center / Auto Repair Shop

    Property Details for 3238 Scott Blvd

    Year built
    2020
    Construction
    WOOD
    Lot size
    6.00 lot acres
    Property size
    473,849 SF
    Zone code
    ML
    Property type
    Apartment buildings
    APN
    216-29-124
    APU
    21629124

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,185,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clara
    County
    Santa Clara
    State
    California
    Longitude
    -121.97
    Latitude
    37.3784
    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
    2024
    $2,572,164
    $23,264,888
    $197,939,527
    $221,204,415
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $380,000
      6.69 Acres

      500 Mansion Ct

      APARTMENT HOUSE (5+ UNITS) • 6.69 Acres
      500 Mansion Ct, Santa Clara, CA 95054-3558
      View Details
    • Value Estimation
      $335,000
      2.61 Acres

      2150 Tasman Dr

      APARTMENT HOUSE (5+ UNITS) • 2.61 Acres
      2150 Tasman Dr, Santa Clara, CA 95054-1022
      View Details
    • Value Estimation
      $1,245,000
      243,652 SF

      3410 Montgomery Dr

      APARTMENT HOUSE (5+ UNITS) • 243,652 SF
      3410 Montgomery Dr, Santa Clara, CA 95054-2903
      View Details
    • Value Estimation
      $1,035,000
      227,034 SF

      1610 Nantucket Cir

      APARTMENT HOUSE (5+ UNITS) • 227,034 SF
      1610 Nantucket Cir, Santa Clara, CA 95054-3805
      View Details
    • Value Estimation by Request
      460,000 SF

      1604 Hope Dr

      APARTMENT HOUSE (5+ UNITS) • 460,000 SF
      1604 Hope Dr, Santa Clara, CA 95054-1723
      View Details
    • Value Estimation
      $290,000
      5,004 SF

      4551 Lafayette St

      APARTMENT HOUSE (5+ UNITS) • 5,004 SF
      4551 Lafayette St, Santa Clara, CA 95054-1632
      View Details

    Similar Nearby for Sale

    • $2,500,000
      7,840 SF

      Multifamily For Sale

      A 4-unit Apartment Complex For Sale
      930 Clyde Ave, Santa Clara, CA 95054
      View Details
    • Contact for pricing
      11,580 SF

      Freestanding Building with HVAC

      Freestanding building featuring HVAC, office and production space.
      1065-1075 Comstock St, Santa Clara, CA 95054
      View Details
    • Contact for pricing
      130,399 SF

      Santa Clara Office Building

      Office building with 130399 square feet of space.
      2251 Lawson Ln, Santa Clara, CA 95054
      View Details
    • $2,788,000

      Santa Clara Specialty Property

      Specialty property available for sale in Santa Clara, CA.
      3Rd St, Santa Clara, CA 95054
      View Details
    • Contact for pricing
      7,537 SF

      Residential Development Site in Santa Clara

      Potential residential development site with existing industrial buildings.
      2317 Calle De Luna, Santa Clara, CA 95054
      View Details
    • Contact for pricing
      39,068 SF

      Industrial Property in Santa Clara

      Industrial property with 39,068 square feet of space.
      3501 Thomas Rd, Santa Clara, CA 95054
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,014 SF

      Santa Clara Retail & Apartments

      Retail and restaurant spaces available within luxury apartment complex.
      2240 Calle De Luna, Santa Clara, CA 95054
      View Details
    • $21 SF/Yr
      4,680 SF

      Santa Clara Warehouse Space Available

      Industrial warehouse, 1,570-3,110 sq ft.
      3193 Belick St, Santa Clara, CA 95054
      View Details
    • Contact for pricing
      102,267 SF

      Santa Clara Flex/Industrial Space

      Flex and industrial space with ample amenities and convenient location.
      3003-0 Tasman Dr, Santa Clara, CA 95054
      View Details
    • Contact for pricing
      25,853 SF

      Class A Office Space Available

      Twin 12-story Class A office buildings with modern amenities.
      3975 Freedom Cir, Santa Clara, CA 95054
      View Details
    • $2 SF/Yr
      22,500 SF

      Class A Office Space Available

      Modern office space with fitness center and conference facilities.
      2560 Mission College Blvd, Santa Clara, CA 95054
      View Details
    • $50 SF/Yr
      30,566 SF

      Renovated Multi-Tenant Office Building

      Multi-tenant office building with recent renovations and ample parking.
      2953 Bunker Hill Ln, Santa Clara, CA 95054
      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.
    3238 Scott Blvd
    Santa Clara, CA 95054-3189
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.