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Property profile & analytics
OFF-MARKET
Estimated value
$25,040,000
Industrial land
4650 Old Ironsides Dr Santa Clara, CA 95054-1805
Entity Owned
Free & Clear
Property ID
US09-0181774
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1982
Construction
CONCRETE
Total area
128,780 SF
Lot
6.5 ac (283,140 SF)
Zoning code
ML
APN
104-04-077
UPID
US09-0181774
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.04M
Owner & transaction history
4650 Old Ironsides Drive LLC
4650 Old Ironsides Drive LLC
since 2025
7 recorded transactions
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,825,000
6.5%
$33,070,000
7%
$30,705,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$39,425,000
Current use
Blend value · Realmo final
$25.04M
Range $22.54M – $27.54M · ±10%
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
$194 / 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
$611,113
Tax year 2024
Assessed value
$52,228,080
Assessed 2024
Previous assessed
$52,228,080
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$38,286,720
Assessed improvement
$13,941,360
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
128,780 SF
Lot
6.5 ac (283,140 SF)
Zoning code
ML
APN
104-04-077
UPID
US09-0181774
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
INDUSTRIAL (GENERAL) Current
Est. value
$39.4M
INDUSTRIAL (GENERAL) 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
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
6.5 ac
Current owner
From public records · entity-resolved
4650 Old Ironsides Drive LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3100 OLYMPUS BLVD #510, COPPELL, TX 75019-5472
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
—
4650 Old Ironsides Drive LLC
—
Deed
related
$374,000,000 · Wilmington Trust NA
Nov 14, 2025
$55,000,000
4650 Old Ironsides Drive LLC
4650 Santa Clara Technology Partner
Grant Deed
—
Nov 14, 2025
—
4650 Old Ironsides Drive LLC
4650 Santa Clara Technology Partner
Deed
—
Mar 5, 2024
—
4650 Old Ironsides Drive LLC
4650 Santa Clara Technology Partner
Lease
$230,000,000 · Wells Fargo Bank NA
Sep 20, 2021
$35,793,000
4650 Santa Clara Technology Partner
Digital Pr Old Ironside 1 LLC
Grant Deed
$210,305,050 · Wells Fargo Bank NA
Sep 12, 2018
—
Digital-pr Old Ironsides 1 LLC
—
Deed
related
—
Sep 30, 2013
$47,707,500
Digital-pr Old Ironsides 1 LLC
Digital Realty Trust LP
Grant Deed
—
Jun 28, 2005
—
Digital Realty Trust
Meerkat Sc Office LLC
Grant Deed
—
Mar 15, 2004
—
Meerkat Sc4 LLC
Exodus Communications Real Pro
Grant Deed
$53,700,000 · Lehman Ali INC
Apr 2, 2001
—
Communications Real Pro Exodus
Tmg Santa Clara Assoc LP
Grant Deed
related
—
Feb 29, 2000
—
Tmg Santa Clara Assoc LP
Siemens Information & Communic
Grant Deed
$60,000,000 · Guaranty Federal Bank Fsb
Aug 30, 1995
$3,424,500
Siemens Rolm Communcations INC
Rolm Co
Grant Deed
related
—
Jun 10, 1992
—
Rolm Company Gp
International Bu
Grant Deed
related
—
—
—
Digital-pr Old Ironsides 1 LLC
—
Deed Of Trust
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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