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Property profile & analytics
OFF-MARKET
Estimated value
$47,670,000
Strip malls
3504 Homestead Rd Santa Clara, CA 95051
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-3382469
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1974
Total area
215,622 SF
Lot
4.95 ac (215,622 SF)
Zoning code
CC
APN
293-02-028
UPID
US09-3382469
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.67M
Owner & transaction history
Helen Owen · 2 yrs held
Helen Owen
since 2024
6 recorded transactions
Zoning & alternative use
CC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$221 / 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
$75,972
Tax year 2024
Assessed value
$6,230,600
Assessed 2024
Previous assessed
$6,230,600
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$5,451,097
Assessed improvement
$779,503
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
NONE
Stories
1
Total area
215,622 SF
Lot
4.95 ac (215,622 SF)
Zoning code
CC
APN
293-02-028
UPID
US09-3382469
Jurisdiction
SANTA CLARA
Zoning & alternative use
CC · Santa Clara, CA
Zoning CC · permitted uses
CC · 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
1974
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.95 ac
Current owner
From public records · entity-resolved
Helen Owen
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 3148, SARATOGA, CA 95070-1148
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
—
Helen Owen
Helen Owen
Correction Deed
related
—
Feb 18, 2021
—
Paulina Marchese
Chris Marchese
Gift Deed
related
—
Feb 17, 2021
—
Helen Owen
Helen Owen
Intrafamily Transfer
related
—
Jan 23, 2015
—
Owen,h & E 1994 Living Trust
Owen,helen M
Quit Claim Deed
related
—
Aug 6, 2013
—
Marchese,christopher Trust
Marchese C & M 1989 Trust
Quit Claim Deed
related
—
Jan 29, 1993
—
Christopher&mary,marchese Trust
Christopher&mary
Quit Claim Deed
related
—
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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