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Property profile & analytics
OFF-MARKET
Estimated value
$3,265,000
Office buildings
399 3rd St Campbell, CA 95008-1210
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0731228
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
WOOD
Total area
5,959 SF
Lot
0.33 ac (14,374 SF)
Zoning code
C-2
APN
279-37-076
UPID
US09-0731228
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
-
TMP Worldwide Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.30M
CAP Approach
CAP
$3.44M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$3.27M
Owner & transaction history
Loller Real Estate LLC · 4 yrs held
Loller Real Estate LLC
since 2021
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
C-2 · Campbell, 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 Campbell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Campbell 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
$3,265,000
ML approach
$3,300,000
CAP Approach
CAP Return
Estimation
6%
$3,725,000
6.5%
$3,440,000
7%
$3,195,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,410,000
Current use
Blend value · Realmo final
$3.27M
Range $2.94M – $3.59M · ±10% · vs last sale $3.25M (Oct 12 2021)
Last sale anchor
$3.25M
Oct 12 2021
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
$548 / 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
$41,523
Tax year 2024
Assessed value
$3,376,098
Assessed 2024
Previous assessed
$3,376,098
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,794,690
Assessed improvement
$1,581,408
Applied tax rate
10.0000
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
1981
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
2
Total area
5,959 SF
Lot
0.33 ac (14,374 SF)
Zoning code
C-2
APN
279-37-076
UPID
US09-0731228
Jurisdiction
SANTA CLARA
Zoning & alternative use
C-2 · Campbell, CA
Zoning C-2 · permitted uses
C-2 · Campbell, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Campbell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.4M
OFFICE BUILDING Current
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
1981
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Loller Real Estate LLC
Entity
Mailing address
16240 BROOKE ACRES DR, LOS GATOS, CA 95032-6400
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2023
—
Loller Real Estate LLC
—
Deed
related
$2,018,000 · Wells Fargo Bank NA
Oct 12, 2021
$3,245,000
Loller Real Estate LLC
Rjm Rogers LLC
Grant Deed
$1,000,000 · Colony Bank
Mar 5, 2010
$1,625,000
Rjm Rogers LLC
William G Malpas
Grant Deed
$812,500 · Us Bank NA
Jul 23, 1999
$1,125,000
William G Malpas
Portland Radio INC
Grant Deed
$1,053,000 · Comerica Bank California
May 28, 1998
$824,000
Portland Radio INC
American Radio Systems Corp
Grant Deed
—
Feb 7, 1997
$808,000
American Radio Systems Corp
United Broadcasting Co
Grant Deed
—
—
—
William G Malpas
—
Deed Of Trust
related
$960,000 · Bank Of The West
—
—
William G Malpas
—
Deed Of Trust
related
$210,000 · Rabobank
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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