1171 Homestead RdSanta Clara, CA 95050
- Office properties
- 51,978 SF
Property Details for 1171 Homestead Rd
- Year built
- 1987
- Construction
- WOOD
- Lot size
- 1.74 AC
- Property size (Sq ft)
- 51,978 SF
- Zone code
- C
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 269-22-095
- APU
- 26922095
Description
University Plaza, located at 1171 Homestead Road in Santa Clara, CA 95050, offers a diverse range of office spaces ideal for various businesses. This iconic two-story, Class B building, constructed in 1987, boasts a total of 51,978 square feet and sits on a 1.74-acre lot at the corner of Homestead and Jackson Roads. The property features a single building with 182 parking spaces and an elevator. Suites range from a minimum of 1,600 square feet to a maximum contiguous space of 8,205 square feet, with some units ready for immediate occupancy. The flexible floor plan accommodates various needs, including traditional office, medical office, creative office, and dental office uses. Ground floor spaces offer excellent visibility and signage opportunities from Homestead Road and Jackson Street, making them particularly suitable for retail businesses. Second-floor suites are well-suited for traditional office and medical uses. The property is zoned C1 and has an APN of 269-22-095. This prime location in Downtown Santa Clara offers easy access to Santa Clara University. The building's multiple tenancy allows for a variety of business configurations.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $19,278,148
- 6.5%
- $17,795,214
- 7%
- $16,524,126
-
Comparable approach
- Method
- Valuation
- Relative Method
- $14,497,184
- Geo Method
- $14,497,184
-
Alternative Use
- Use
- Valuation
- Residential
- $22,066,064
- Hospitality
- $20,212,396
- Educational
- $16,816,476
- Medical
- $17,394,820
- Retail
- $26,158,964
Location Insight
- City
- Santa Clara
- County
- Santa Clara
- State
- California
- Latitude
- 37.3487
- Longitude
- -121.946
- CBSA code
- 41940
- CBSA name
- SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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