| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 74th | Good |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 710 Nido Dr, Campbell, CA, 95008, US |
| Region / Metro | Campbell |
| Year of Construction | 1972 |
| Units | 121 |
| Transaction Date | 2016-09-20 |
| Transaction Price | $45,050,000 |
| Buyer | NIDO CAMPBELL LLC |
| Seller | CAMPBELL PLAZA APARTMENTS LLC |
710 Nido Dr, Campbell CA Multifamily Investment
Stabilized renter demand and proximity to major Silicon Valley employers support durable occupancy, according to WDSuite’s CRE market data. Neighborhood fundamentals indicate strong amenity access and a deep tenant base relative to the metro.
Campbell s Urban Core location offers dense amenities and commuter access that matter for leasing. The neighborhood ranks 40th out of 344 metro neighborhoods (top quartile) on overall rating, with amenity access also in the top quartile among the 344 neighborhoods. Nationally, cafes, groceries, pharmacies, and restaurants place in the high percentiles, signaling day-to-day convenience that can aid retention and absorption.
Multifamily performance indicators are favorable: neighborhood occupancy is 96.1% (above the national median) and has edged higher over the past five years. The share of housing units that are renter-occupied is elevated at the neighborhood level (ranked 26th of 344 within the metro), implying a deep renter pool that supports leasing velocity and renewals. Neighborhood NOI per unit trends are competitive nationally (top quartile), suggesting revenue potential in line with strong West Coast submarkets.
Within a 3-mile radius, demographics indicate a large and affluent tenant base: population and households have grown in recent years, and median household incomes are high with a rising share in upper-income brackets. Forecasts point to continued population growth and a notable increase in household count, which can expand the renter pool and support occupancy stability and pricing power.
Elevated home values in the neighborhood (top national percentile) position this as a high-cost ownership market, which tends to reinforce reliance on multifamily housing and can bolster lease retention. Median contract rents within 3 miles have grown meaningfully, and forward projections indicate further increases, underscoring ongoing demand but also calling for attentive lease management where affordability pressure may emerge.
The property s 1972 vintage is slightly older than the neighborhood s average construction year (1974). For investors, this points to potential capital planning needs and classic value-add opportunities to keep the asset competitive against newer stock.
Safety metrics are mixed and should be viewed in a metro and national context. The neighborhood ranks 302 out of 344 metro neighborhoods on crime, indicating higher incident rates than much of the metro. Nationally, safety percentiles are below average, with property and violent offense measures sitting in lower national percentiles. Recent year-over-year estimates indicate an uptick in both property and violent offenses, suggesting short-term variability that investors should monitor.
For underwriting, consider aligning security features, lighting, and resident engagement with market norms, and compare incident trends to nearby Campbell and West San Jose submarkets to contextualize risk and mitigation.
Nearby tech employers create a substantial professional workforce within close commuting distance, supporting renter demand and lease retention. Key anchors include Netflix, eBay, Apple offices, and Adobe.
- Netflix technology & media (1.4 miles) HQ
- eBay e-commerce (1.9 miles) HQ
- Apple Stevens Creek 8 technology offices (4.3 miles)
- Apple Tantau 14 technology offices (4.8 miles)
- Adobe Systems software (4.9 miles)
710 Nido Dr combines a deep neighborhood renter base with strong amenity density and proximity to major Silicon Valley employers. Neighborhood occupancy is high with a five-year upward trend, and elevated renter-occupied share indicates durable demand depth relative to the San Jose Sunnyvale Santa Clara metro. Elevated home values in the area further sustain reliance on rentals, supporting retention and rent growth potential. Based on commercial real estate analysis from WDSuite, local fundamentals compare favorably to national benchmarks for amenities, income levels, and NOI per unit.
Built in 1972, the asset may warrant targeted capital improvements to enhance competitiveness versus newer inventory, creating value-add upside. Within a 3-mile radius, steady population growth and a projected increase in household count point to a larger tenant base over time, which can support occupancy stability across cycles.
- High neighborhood occupancy and elevated renter concentration support leasing stability
- Proximity to Netflix, eBay, Apple, and Adobe underpins demand from professional tenants
- 1972 vintage creates value-add potential via renovations and systems modernization
- High-cost ownership market reinforces renter reliance and retention prospects
- Risks: below-average safety percentiles and limited nearby park access warrant mitigation planning