Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3615 El Camino Real Santa Clara, CA 95051-2605

    • Strip malls
    • 45,260 SF
    • 3.58 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2023
    Value Estimations
    $14,000,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0938813
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 24 Fitness / Gym & Fitness Center
    • SafeSplash Swim School – Santa Clara / Tutoring Service
    • 24 Hour Fitness / Gym & Fitness Center

    Property Details for 3615 El Camino Real

    Year built
    1972
    Construction
    TILT-UP CONCRETE
    Lot size
    3.58 lot acres
    Property size
    45,260 SF
    Zone code
    AE
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    213-34-004
    APU
    21334004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clara
    County
    Santa Clara
    State
    California
    Longitude
    -121.997
    Latitude
    37.354
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $83,128
    $5,168,505
    $1,763,007
    $6,931,512
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $10,655,000
      59,670 SF

      3705 El Camino Real

      SHOPPING CENTER, STRIP CENTER • 59,670 SF
      3705 El Camino Real, Santa Clara, CA 95051-2614
      View Details
    • Value Estimation by Request
      1,113 SF

      3591 Homestead Rd

      SHOPPING CENTER, STRIP CENTER • 1,113 SF
      3591 Homestead Rd, Santa Clara, CA 95051-8101
      View Details
    • Value Estimation
      $2,030,000
      10,457 SF

      2760 Homestead Rd

      SHOPPING CENTER, STRIP CENTER • 10,457 SF
      2760 Homestead Rd, Santa Clara, CA 95051-5353
      View Details
    • Value Estimation
      $8,175,000
      36,650 SF

      3510 Homestead Rd

      SHOPPING CENTER, STRIP CENTER • 36,650 SF
      3510 Homestead Rd, Santa Clara, CA 95051-5166
      View Details
    • Value Estimation
      $1,070,000
      4,700 SF

      3739 El Camino Real

      SHOPPING CENTER, STRIP CENTER • 4,700 SF
      3739 El Camino Real, Santa Clara, CA 95051-2614
      View Details
    • Value Estimation
      $595,000
      1,200 SF

      3580 Homestead Rd

      SHOPPING CENTER, STRIP CENTER • 1,200 SF
      3580 Homestead Rd, Santa Clara, CA 95051-5166
      View Details

    Similar Nearby for Sale

    • $115,000
      1,350 SF

      Turnkey Milk Tea Business Opportunity

      Thriving milk tea shop in prime location, ready for operation.
      2706 Homestead Rd, Santa Clara, CA 95051
      View Details
    • $6,500,000
      17,852 SF

      Industrial Building in Santa Clara

      17,852 SF industrial building with fiber connectivity for sale.
      3031 Corvin Dr, Santa Clara, CA 95051
      View Details
    • $9,988,000

      Land Near Stevens Creek Blvd

      Land parcel near Stevens Creek Blvd, close to major landmarks.
      40 Woodhams Rd, Santa Clara, CA 95051
      View Details
    • $9,988,000

      Land on Stevens Creek Boulevard

      Land available on Stevens Creek Blvd, Santa Clara, CA.
      4565 Stevens Creek Blvd, Santa Clara, CA 95051
      View Details
    • $1,599,000

      Remodeled Duplex Near Sunnyvale Border

      Duplex with remodeled unit, private yards, and convenient location.
      1661 Nobili Ave, Santa Clara, CA 95051
      View Details
    • $7,660,000
      12,869 SF

      Santa Clara Multifamily Investment Opportunity

      20-unit apartment building in the heart of Silicon Valley.
      Pomeroy Ave, Santa Clara, CA 95051
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      126,658 SF

      Mariposa Shopping Center: Retail Space

      Safeway-anchored retail center; two spaces available.
      2760 Homestead Rd, Santa Clara, CA 95051
      View Details
    • Contact for pricing
      2,951 SF

      Community Shopping Center Retail Space

      Retail space available in Santa Clara shopping center.
      2624-2792 Homestead Rd, Santa Clara, CA 95051
      View Details
    • Contact for pricing
      11,950 SF

      Prime Retail Space on El Camino

      Retail space with high visibility and ample parking.
      2517 El Camino Real, Santa Clara, CA 95051
      View Details
    • Contact for pricing
      2,845 SF

      Retail Space Near Corporate Hubs

      Retail space in Santa Clara, close to major corporate headquarters.
      1470 Alpine Ave, Santa Clara, CA 95051
      View Details
    • $42 SF/Yr
      640 SF

      Retail Space on El Camino Real

      Retail space available for lease on El Camino Real.
      2400-2470 El Camino Real, Santa Clara, CA 95051
      View Details
    • $47 SF/Yr
      1,528 SF

      Retail Space on El Camino Real

      Retail space available for lease on El Camino Real.
      3379-3425 El Camino Real, Santa Clara, CA 95051
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3615 El Camino Real
    Santa Clara, CA 95051-2605
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.