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Property profile & analytics
OFF-MARKET
Estimated value
$4,250,000
Retail space
950 Monroe St Santa Clara, CA 95050-4809
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1125182
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1941
Construction
WOOD
Total area
6,500 SF
Lot
0.52 ac (22,625 SF)
Zoning code
CC
APN
269-20-086
UPID
US09-1125182
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
-
Windermere Silicon Valley Real Estate Agency
-
RCS Property Group, Inc. Real Estate Agency
-
ClickHome Real Estate Agency
-
Gina Saporito - Realtor Real Estate Agency
-
Richard Sobin Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.25M
CAP Approach
CAP
$2.70M
Comparable Approach
Comparable
$4.25M
Blend (final)
Blend
$4.25M
Owner & transaction history
950 Monroe SR Reo LLC · 2 yrs held
950 Monroe SR Reo LLC
since 2024
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
CC · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.7M
+91.1%
Office building
$3.6M
+1.6%
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
$4,250,000
ML approach
$4,250,000
CAP Approach
CAP Return
Estimation
6%
$2,925,000
6.5%
$2,700,000
7%
$2,510,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,495,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,680,000
Change: +91% · Conversion: Moderate
OFFICE BUILDING
$3,555,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$4.25M
Range $3.83M – $4.68M · ±10% · vs last sale $4.25M (May 7 2024)
Last sale anchor
$4.25M
May 7 2024
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
$654 / 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
$58,423
Tax year 2024
Assessed value
$4,993,920
Assessed 2024
Previous assessed
$4,993,920
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$4,926,294
Assessed improvement
$67,626
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1941
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
6,500 SF
Lot
0.52 ac (22,625 SF)
Zoning code
CC
APN
269-20-086
UPID
US09-1125182
Jurisdiction
SANTA CLARA
Zoning & alternative use
CC · Santa Clara, CA
Zoning CC · permitted uses
CC · 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
RETAIL STORES Current
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1941
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
950 Monroe SR Reo LLC
Entity
Mailing address
10960 WILSHIRE BLVD STE #1050, LOS ANGELES, CA 90024-3721
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2024
$5,200,000
950 Monroe SR Reo LLC
LP Monroe Street LLC
Trustees Deed
related
—
Jul 1, 2022
—
LP Monroe Street LLC
—
Deed
related
$8,675,000 · Sorfi LLC
Aug 30, 2021
$4,250,000
LP Monroe Street LLC
Lamb Partners LLC
Grant Deed
$8,500,000 · Arixa Fund I LLC
Feb 19, 2020
—
Lamb Partners LLC
—
Deed
related
$3,344,000 · Goldman Sachs Bk USA
Feb 3, 2020
$4,700,000
Lamb Partners LLC
The Von Raesfeld Family Partnership
Grant Deed
$3,344,000 · Goldman Sachs Bank USA
Mar 22, 1999
$550,000
Von Raesfeld Family Ptnhp LP
Von Raesfield,donald R
Grant Deed
related
—
Dec 23, 1996
—
Von Raesfeld Trust
Von Raesfeld,don & Celine
Quit Claim Deed
related
—
—
—
Von Raesfeld Family Ptshp
—
Deed Of Trust
related
$600,000 · California Bank & Trust
—
—
Lamb Partners LLC
—
Loan Modification
related
$3,344,000 · Goldman Sachs Bk USA
—
—
Von Raesfeld Family Ptshp
—
Deed Of Trust
related
$600,000 · California Bank & Trust
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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