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Property profile & analytics
OFF-MARKET
Estimated value
$3,355,000
Retail space
3477 El Camino Real Santa Clara, CA 95051-2860
Trust Owned
29-yr Hold
~
Est. High Equity
Property ID
US09-1248622
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Total area
15,599 SF
Lot
0.71 ac (31,060 SF)
Zoning code
CT
APN
220-02-048
UPID
US09-1248622
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
-
Driftwood Inn Santa Clara Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.36M
Owner & transaction history
Patel Trust · 29 yrs held
Patel Trust
since 1996
7 recorded transactions
Zoning & alternative use
CT · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Thoroughfare Commercial
General category
COMMERCIAL
Zone area
3.40 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$215 / 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
$3,493,891
Assessed 2023
Previous assessed
$3,327,867
+5.0% YoY
Assessed land
$865,954
Assessed improvement
$2,627,937
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Heating
NONE
Cooling
YES
Stories
2
Units
43
Total area
15,599 SF
Lot
0.71 ac (31,060 SF)
Zoning code
CT
APN
220-02-048
UPID
US09-1248622
Jurisdiction
SANTA CLARA
Zoning & alternative use
CT · Santa Clara, CAZoning CT · permitted uses
CT · Santa Clara, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Thoroughfare Commercial
General category
COMMERCIAL
Zone area
3.40 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Cooling
Yes
Stories
2
Units
43
Lot
0.71 ac
Current owner
From public records · entity-resolved
Patel Trust
Trust
Mailing address
6071 CROSSVIEW CIR, SAN JOSE, CA 95120-1531
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
Vanitaben N Patel
—
Deed
related
$1,600,000 · Ashish Agarwal Etux
Mar 22, 2017
—
Patel Family Living Trust
—
Deed
related
$3,200,000 · Bank Of Hope
Nov 8, 1996
—
Patel Trust
Patel,natvarlal J & Vanitaben N
Quit Claim Deed
related
—
Jun 15, 1994
—
Patel Trust
Patel,rovindra G
Quit Claim Deed
related
—
—
—
Patel Family Living Trust
—
Deed Of Trust
related
$550,000 · Bipin & Kumudini Kapadia
—
—
Patel Family Living Trust
—
Deed Of Trust
related
$2,475,000 · First Republic Bank
—
—
Patel Trust
—
Deed Of Trust
related
$1,350,000 · Wells Fargo Bank
—
—
Patel Trust
—
Deed Of Trust
related
$250,000 · First Republic Bank
—
—
Patel Trust
—
Deed Of Trust
related
$2,350,000 · First Republic Bank
—
—
Patel Family Living Trust
—
Deed Of Trust
related
$3,200,000 · Bank Of Hope
—
—
Patel Trust
—
Deed Of Trust
related
$200,000 · Wells Fargo Bank
—
—
Patel Family Living Trust
—
Deed Of Trust
related
$1,900,000 · Bridge 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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