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Property profile & analytics
OFF-MARKET
Estimated value
$21,605,000
Life science properties
3530 Bassett St Santa Clara, CA 95054-2704
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3237812
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1984
Construction
TILT-UP CONCRETE
Total area
50,156 SF
Lot
3.14 ac (136,780 SF)
Zoning code
MH
APN
104-15-133
UPID
US09-3237812
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
-
Clean Part Industrial Manufacturer Production Facility
-
Tosoh Set Inc Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.27M
Blend (final)
Blend
$21.61M
Owner & transaction history
Hgit Bassett Campus LP · 5 yrs held
Hgit Bassett Campus LP
since 2020
Last sale
$25.8M
7 recorded transactions
Zoning & alternative use
MH · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$27.4M
+23.9%
Retail stores
$26.0M
+17.6%
Apartment house (5+ units)
$23.6M
+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
$29,185,000
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
$22,135,000
Current use
OFFICE BUILDING
$27,420,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$26,030,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$23,620,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$17,830,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$21.61M
Range $19.44M – $23.77M · ±10% · vs last sale $25.81M (Aug 31 2020)
Last sale anchor
$25.81M
Aug 31 2020
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
$431 / 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
$168,630
Tax year 2024
Assessed value
$14,326,307
Assessed 2024
Previous assessed
$14,326,307
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$10,590,855
Assessed improvement
$3,735,452
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
50,156 SF
Lot
3.14 ac (136,780 SF)
Zoning code
MH
APN
104-15-133
UPID
US09-3237812
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.
Alternative use value scenarios
Repositioning upside vs current use
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$22.1M
OFFICE BUILDING
Est. value
$27.4M
RETAIL STORES
Est. value
$26.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$23.6M
WAREHOUSE, STORAGE
Est. value
$17.8M
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
3.14 ac
Current owner
From public records · entity-resolved
Hgit Bassett Campus LP
Entity
Free & Clear · 5 yrs held
Mailing address
101 CALIFORNIA ST 1000TH HOUSTON
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Aug 31, 2020
$25,811,500
Hgit Bassett Campus LP
G Bassett
Grant Deed
—
Jul 31, 2018
—
G & I Viii Westcore 3520 Bassett
—
Deed
related
—
Apr 21, 2015
—
M West Propco-3520-30 Bassett
M West Propco Vii LLC
Quit Claim Deed
—
Jan 4, 2013
—
Mission West Properties INC
Triangle Dev Co
Grant Deed
related
—
Dec 26, 2012
$9,013,500
M West Propco Vii LLC
Mission West Properties INC
Grant Deed
$156,400,000 · Bank Of America
Dec 21, 2012
$6,996,500
Mission West Properties INC
Triangle Dev Co
Grant Deed
—
—
—
M West Propco Vii LLC
—
Loan Modification
related
$259,793,648 · Bank Of America
—
—
Mw West Proco Vi LLC
—
Deed Of Trust
related
—
—
—
G & I Viii Westcore 3520 Bassett
—
Loan Modification
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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