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Property profile & analytics
FOR LEASE
Life science properties
451 El Camino Real Santa Clara, CA 95050
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-2848775
For Lease
$1,950,000
451 El Camino Real, Santa Clara, CA 95050
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1999
Total area
79,300 SF
Lot
10.2 ac (444,312 SF)
Zoning code
ML
APN
230-09-020
UPID
US09-2848775
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
-
Propel (Bike/Boat/Book/etc) Store Corporate Office
-
Elastics cloud Corporate Office
-
OnTrac Drop Box Logistics Company Freight Service
-
MACOM Technology Solutions Inc. Industrial Manufacturer Production Facility
-
Next Bio (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.95M
Owner & transaction history
Bixby Spe Finance 11 LLC · 10 yrs held
Bixby Spe Finance 11 LLC
since 2015
1 recorded transaction
Zoning & alternative use
ML · 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
$25 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$82,932,169
Assessed 2023
Previous assessed
$81,306,049
+2.0% YoY
Assessed land
$40,049,542
Assessed improvement
$42,882,627
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
For Lease
Year built
1999
Heating
NONE
Cooling
YES
Buildings
4
Stories
2
Total area
79,300 SF
Lot
10.2 ac (444,312 SF)
Zoning code
ML
APN
230-09-020
UPID
US09-2848775
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.
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Cooling
Yes
Stories
2
Buildings
4
Lot
10.2 ac
Current owner
From public records · entity-resolved
Bixby Spe Finance 11 LLC
Entity
Mailing address
1501 QUAIL ST STE #230, NEWPORT BEACH, CA 92660-2740
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2015
$72,000,000
Bixby Spe Finance 11 LLC
Bixby University Station LLC
Grant Deed
$58,840,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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