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Property profile & analytics
OFF-MARKET
Estimated value
$2,910,000
Industrial properties
991 Richard Ave 1 Santa Clara, CA 95050-2814
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-2990328
Property summary
AI-generated overview
This 8,000-square-foot warehouse in Santa Clara, California, is offered for sale at $4,500,000. Built in 1951, this single-story industrial property sits on a 0.69-acre lot and is zoned MH (Heavy Industrial). The warehouse features 3 grade-level dock high doors and boasts a 13.5-foot clear ceiling height. Currently configured as two separately metered suites (approximately 5,000 SF and 3,000 SF), the space offers flexibility for various uses. Approximately 40% of the building is dedicated to a nicely appointed office area with HVAC, while the remaining space is open warehouse area with HVAC. A large fenced and gated yard of approximately 0.69 acres (approximately 30,050 square feet) is included. The property can be delivered vacant at the close of escrow. Do not disturb tenants.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1951
Construction
WOOD
Total area
8,000 SF
Lot
0.69 ac (30,000 SF)
Zoning code
MH
APN
224-62-019
UPID
US10-2990328
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
-
Towing Exchange Auto Repair Shop
-
Limoo Photography Photography Service (Bike/Boat/Book/etc) Store
-
Estecom Inc. Factory Production Facility
-
Prime Builders-SC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$3.51M
Blend (final)
Blend
$2.91M
Owner & transaction history
Dbkr Group LLC · 1 yrs held
Dbkr Group LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
MH · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.4M
+58.1%
Retail stores
$4.3M
+55.5%
Warehouse, storage
$2.8M
+2.8%
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%
$2,225,000
6.5%
$2,055,000
7%
$1,910,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,765,000
Current use
OFFICE BUILDING
$4,375,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$4,305,000
Change: +56% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,845,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$2.91M
Range $2.62M – $3.20M · ±10% · vs last sale $4.02M (Sep 30 2024)
Last sale anchor
$4.02M
Sep 30 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
$364 / 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
$22,108
Tax year 2024
Assessed value
$1,856,932
Assessed 2024
Previous assessed
$1,856,932
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,566,787
Assessed improvement
$290,145
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 properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1951
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
8,000 SF
Lot
0.69 ac (30,000 SF)
Zoning code
MH
APN
224-62-019
UPID
US10-2990328
Jurisdiction
SANTA CLARA
Zoning & alternative use
MH · Santa Clara, CA
Zoning MH · permitted uses
MH · 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
$2.8M
OFFICE BUILDING
Est. value
$4.4M
RETAIL STORES
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1951
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Dbkr Group LLC
Entity
Mailing address
PO BOX 8378, SANTA CRUZ, CA 95061-8378
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
Dec 30, 2024
$4,020,000
Dbkr Group LLC
Port Cheddar Landholdings LLC
Grant Deed
$2,010,000 · Us Bank NA
Dec 30, 2024
—
Dbkr Group LLC
—
Deed
related
$1,648,000 · Capital Access Group INC
Dec 31, 2020
—
Port Cheddar Landholdings LLC
—
Deed
related
$650,000 · First Republic Bank
Jun 27, 2016
$400,000
Port Cheddar Landholdings LLC
Estecom USA LLC
Grant Deed
—
Jan 17, 2013
$1,200,000
Estecom USA LLC
Brasil,vital & Rosemary
Grant Deed
$800,000 · First Republic Bank
Jan 17, 2013
—
Raquel Brasil
Hernandez,mario
Quit Claim Deed
related
—
Mar 16, 2011
$729,500
Raquel Brasil
Brasil,vital M & Rosemary
Grant Deed
related
—
May 31, 2007
$1,500,000
Vital Brasil
Thomas S Clark
Grant Deed
$750,000 · Lehman Brothers Bank Fsb
Dec 3, 2003
—
Clark,tr
Clark,thomas S & Sarah M
Quit Claim Deed
related
—
Nov 26, 2003
—
Richard J Reynolds
Reynolds,joyce A
Quit Claim Deed
$491,500 · Goleta National Bank
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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