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Property profile & analytics
OFF-MARKET
Estimated value
$45,670,000
Life science properties
3300 Olcott St Santa Clara, CA 95054-3005
Entity Owned
5-yr Hold
Free & Clear
Property ID
US10-2428177
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1979
Total area
100,573 SF
Lot
6.73 ac (293,158 SF)
Zoning code
ML
APN
224-47-017
UPID
US10-2428177
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
-
Gigamon Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
GIMO Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$54.22M
Blend (final)
Blend
$45.67M
Owner & transaction history
3300 Olcott Street LLC · 5 yrs held
3300 Olcott Street LLC
since 2021
Last sale
$45.0M
7 recorded transactions
Zoning & alternative use
ML · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$55.0M
+23.9%
Retail stores
$52.2M
+17.6%
Apartment house (5+ units)
$47.4M
+6.7%
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
$38,465,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$44,385,000
Current use
OFFICE BUILDING
$54,980,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$52,200,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$47,365,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$35,755,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$45.67M
Range $41.10M – $50.24M · ±10% · vs last sale $45.00M (May 25 2021)
Last sale anchor
$45.00M
May 25 2021
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
$454 / 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
$559,282
Tax year 2024
Assessed value
$47,754,359
Assessed 2024
Previous assessed
$47,754,359
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$27,909,770
Assessed improvement
$19,844,589
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
Off-Market
Year built
1979
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
100,573 SF
Lot
6.73 ac (293,158 SF)
Zoning code
ML
APN
224-47-017
UPID
US10-2428177
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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$44.4M
OFFICE BUILDING
Est. value
$55.0M
RETAIL STORES
Est. value
$52.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$47.4M
WAREHOUSE, STORAGE
Est. value
$35.8M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL 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
1979
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
6.73 ac
Current owner
From public records · entity-resolved
3300 Olcott Street LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2021
$45,000,000
3300 Olcott Street LLC
Sff Olcott LLC
Grant Deed
—
Jun 19, 2015
$38,000,000
Sff Olcott LLC
Santa Clara Office Partners Ll
Grant Deed
—
Nov 9, 2009
—
Santa Clara Office Ptrs LLC
—
Deed Of Trust
related
$18,750,000 · Bank Of America
Jul 7, 2008
$2,200,000
Santa Clara Office Ptrs LLC
Santa Clara Office Ptrs LLC
Grant Deed
related
$18,750,000 · Bank Of America
Apr 9, 2008
$20,700,000
Santa Clara Office Ptrs LLC
Adp INC
Grant Deed
$18,750,000 · Bank Of America
Nov 27, 1990
—
Adp Corp
Automatic Data P
Grant Deed
related
—
—
—
Santa Clara Office Partners Ll
—
Loan Modification
related
$19,379,382 · Bank Of America
—
—
Sff Olcott LLC
—
Deed Of Trust
related
$25,000,000 · Miscellaneous Ins Co
—
—
Santa Clara Office Ptrs LLC
—
Deed Of Trust
related
$18,750 · Bank Of America
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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