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Property profile & analytics
OFF-MARKET
Estimated value
$73,000,000
Industrial properties
3501 Leonard Ct Santa Clara, CA 95054-2043
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2936929
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Construction
TILT-UP CONCRETE
Total area
34,286 SF
Lot
1.35 ac (58,806 SF)
Zoning code
MH
APN
104-15-124
UPID
US09-2936929
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
-
Santa Clara Technology Park by Link Logistics Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$73.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$73.00M
Owner & transaction history
G&i Xi Golden Gate LP · 2 yrs held
G&i Xi Golden Gate LP
since 2024
Last sale
$73.0M
7 recorded transactions
Zoning & alternative use
MH · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$73,000,000
ML approach
$73,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$73.00M
Range $65.70M – $80.30M · ±10% · vs last sale $73.00M (May 2 2024)
Last sale anchor
$73.00M
May 2 2024
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
$2,129 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$5,190,613
Assessed 2023
Previous assessed
$5,190,613
+0.0% YoY
Assessed land
$1,735,828
Assessed improvement
$3,454,785
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 properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
34,286 SF
Lot
1.35 ac (58,806 SF)
Zoning code
MH
APN
104-15-124
UPID
US09-2936929
Jurisdiction
SANTA CLARA
Zoning & alternative use
MH · Santa Clara, CA
Zoning MH · permitted uses
MH · 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.
Building & site characteristics
From public records
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
G&i Xi Golden Gate LP
Entity
Mailing address
575 5TH AVE FL, NEW YORK, NY 10017-2422
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2024
$73,000,000
G&i Xi Golden Gate LP
Sequoia Santa Clara Tech Park Owner
Grant Deed
$230,000,000 · Athene Annuity And Life Company An Iow
Sep 29, 2022
—
B9 Sequoia Santa Clara Tech Park Ow
—
Deed
related
—
Aug 1, 2022
—
B9 Sequoia Santa Clara Tech Park Ow
Ps Business Parks LP
Grant Deed
—
Mar 29, 2000
—
Ps Business Parks LP
Carramerica Development INC
Grant Deed
related
—
May 8, 1998
—
Carramerica Development INC
S C P California Limited Ptshp
Grant Deed
related
—
Sep 25, 1992
—
Scp Calif LP
Wells Fargo Bank
Grant Deed
$6,120,000 · Soo Sik Cheong T
—
—
S C P
—
Deed Of Trust
related
$600,000 · World Profit Investment Ltd
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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