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Property profile & analytics
OFF-MARKET
Estimated value
$46,320,000
Retail space
510 America Ctr Ct Alviso, CA 95002
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5278596
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Total area
82,360 SF
Lot
2.13 ac (92,652 SF)
Zoning code
A(PD)
APN
015-45-048
UPID
US09-5278596
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$34.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$46.32M
Owner & transaction history
Elevate Santa Clara Hotel LLC · 5 yrs held
Elevate Santa Clara Hotel LLC
since 2021
Last sale
$54.0M
4 recorded transactions
Zoning & alternative use
A(PD) · Alviso, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$48.9M
+11.0%
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 Alviso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alviso 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
$43,060,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$37,080,000
6.5%
$34,225,000
7%
$31,780,000
Alternative Use
Use
Estimation
RETAIL STORES
$44,045,000
Current use
OFFICE BUILDING
$48,890,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$46.32M
Range $41.69M – $50.95M · ±10% · vs last sale $54.00M (May 28 2021)
Last sale anchor
$54.00M
May 28 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
$562 / 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
$520,633
Tax year 2024
Assessed value
$43,827,889
Assessed 2024
Previous assessed
$43,827,889
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$14,733,811
Assessed improvement
$29,094,078
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2015
Heating
NONE
Stories
5
Units
175
Total area
82,360 SF
Lot
2.13 ac (92,652 SF)
Zoning code
A(PD)
APN
015-45-048
UPID
US09-5278596
Jurisdiction
SANTA CLARA
Zoning & alternative use
A(PD) · Alviso, CA
Zoning A(PD) · permitted uses
A(PD) · Alviso, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alviso. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$44.0M
OFFICE BUILDING
Est. value
$48.9M
RETAIL STORES Current
OFFICE BUILDING
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
2015
Heating
NONE
Stories
5
Units
175
Lot
2.13 ac
Current owner
From public records · entity-resolved
Elevate Santa Clara Hotel LLC
Entity
Mailing address
812 GRAVIER ST APT #200, NEW ORLEANS, LA 70112-1467
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$54,000,000
Elevate Santa Clara Hotel LLC
Caltex Hospitality Hotel Holdings L
Grant Deed
$41,500,000 · Sbnp Sia Mortgage III LLC
May 30, 2018
—
Caltex Hospitality Hotel Hldgs
—
Grant Deed
related
$31,250,000 · Farmers & Merchants Bk/ctrl Ca
Mar 7, 2018
—
Caltex Hospitality Hotel Holdi
Caltex Hospitality INC
Quit Claim Deed
related
—
—
—
Caltex Hospitality INC
—
Loan Modification
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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