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Property profile & analytics
OFF-MARKET
Estimated value
$79,070,000
Office buildings
3689 Kifer Rd Santa Clara, CA 95051-0602
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-2694952
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
TILT-UP CONCRETE
Total area
140,440 SF
Lot
4.36 ac (190,139 SF)
Zoning code
ML
APN
205-38-021
UPID
US09-2694952
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
-
Kifer Four Apple Corporate Office
-
Kifer Four Bicycle Rack
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$72.74M
Comparable Approach
Comparable
$105.63M
Blend (final)
Blend
$79.07M
Owner & transaction history
Intuitive Surgical INC · 2 yrs held
Intuitive Surgical INC
since 2023
Last sale
$81.0M
7 recorded transactions
Zoning & alternative use
ML · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$79.5M
+3.5%
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
$81,535,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$78,805,000
6.5%
$72,740,000
7%
$67,545,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$76,775,000
Current use
RETAIL STORES
$79,490,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$79.07M
Range $71.16M – $86.98M · ±10% · vs last sale $81.00M (Dec 22 2023)
Last sale anchor
$81.00M
Dec 22 2023
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
$563 / 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
$99,838,956
Assessed 2023
Previous assessed
$99,838,956
+0.0% YoY
Assessed land
$20,079,342
Assessed improvement
$79,759,614
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
3
Units
1
Total area
140,440 SF
Lot
4.36 ac (190,139 SF)
Zoning code
ML
APN
205-38-021
UPID
US09-2694952
Jurisdiction
SANTA CLARA
Zoning & alternative use
ML · Santa Clara, CA
Zoning ML · permitted uses
ML · 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
OFFICE BUILDING Current
Est. value
$76.8M
RETAIL STORES
Est. value
$79.5M
OFFICE BUILDING Current
RETAIL STORES
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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Lot
4.36 ac
Current owner
From public records · entity-resolved
Intuitive Surgical INC
Entity
Free & Clear · 2 yrs held
Mailing address
1020 KIFER RD, SUNNYVALE, CA 94086-5301
Ownership since
2023
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
Dec 22, 2023
$81,000,000
Intuitive Surgical INC
Kifer Office Park LLC
Grant Deed
—
Apr 10, 2017
—
Kifer Office Park LLC
—
Deed
related
$38,200,000 · Allegian Capital Funding
Mar 8, 2017
—
Kifer Office Park LLC
Kifer Office Park LLC
Quit Claim Deed
related
—
Nov 30, 2016
$89,500,000
Kifer Office Park LLC
Rref II 3689 Kifer LLC
Grant Deed
related
—
Dec 12, 2014
$51,875,000
Rref II 3689 Kifer LLC
Texas Instruments INC
Grant Deed
—
Mar 18, 2014
—
Texas Instruments INC
National Semiconductor Corp
Quit Claim Deed
related
—
—
—
Rref II 3689 Kifer LLC
—
Deed Of Trust
related
$49,000,000 · Sbnp Sia Mortgage I LLC Sbnp Sia Mortgage I LLC
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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