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    Christie's International Real Estate Sereno

    214 Los Gatos-Saratoga Road, Los Gatos, CA 95030
    (408) 335-1400
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    Size: 10+ agents

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    • Residential Multi Family
    • Land
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    For Sale (17)

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    Ready Residential Subdivision in San Jose
    $6,390,000
    0.53 Acres

    Ready Residential Subdivision in San Jose

    Fully entitled 5-lot residential subdivision in Willow Glen.

    879 Franquette Ave, San Jose, CA 95125
    View details
    San Jose Care Home Opportunity
    $1,799,000
    0.16 Acres

    San Jose Care Home Opportunity

    Residential care home opportunity in a prime Cambrian location.

    1708 Hallmark Ln, San Jose, CA 95124
    View details
    Panoramic View Land in Watsonville
    $369,000
    20.01 Acres

    Panoramic View Land in Watsonville

    20-acre view property with potential for getaway or full-time home.

    Ormsby Cutoff, Watsonville, CA 95076
    View details
    Land in Redwood Forest
    $95,000
    0.46 Acres

    Land in Redwood Forest

    Vacant land near Boulder Creek with creek and forest views.

    449 Band Rd, Boulder Creek, CA 95006
    View details
    Ocean View Multifamily Davenport Property
    $1,575,000
    0.29 Acres

    Ocean View Multifamily Davenport Property

    Multifamily property with ocean views and lot split potential.

    2 3Rd Ave, Davenport, CA 95017
    View details
    Land in Prime Los Gatos
    $16,000,000
    18.25 Acres

    Land in Prime Los Gatos

    Large Los Gatos land with development potential in Surrey Farms.

    Twin Oaks Dr, Los Gatos, CA 95032
    View details
    Los Gatos Buildable Acreage
    $550,000
    3.57 Acres

    Los Gatos Buildable Acreage

    3.5+ acre lot with building site approval near town.

    20245 Gist Rd, Los Gatos, CA 95033
    View details
    San Jose Fourplex Near Amenities
    $1,899,000
    2,804 SF

    San Jose Fourplex Near Amenities

    Well-maintained fourplex near Valley Medical Center and Santana Row.

    590 Macarthur Ave, San Jose, CA 95128
    View details
    Aptos Land Near Rio Del Mar
    $599,000
    0.14 Acres

    Aptos Land Near Rio Del Mar

    Large, level lot near Rio Del Mar Beach and Seascape Golf.

    Rio Del Mar Blvd, Aptos, CA 95003
    View details
    Spacious Duplex in San Jose
    $1,850,000
    2,552 SF

    Spacious Duplex in San Jose

    Well-maintained duplex with upgrades, large lot, prime location.

    3228 Neal Ave, San Jose, CA 95117
    View details
    Land in Almaden Valley
    $1,315,000
    0.21 Acres

    Land in Almaden Valley

    Buildable lot in desirable Almaden Valley near country club.

    000 Box Canyon Rd, San Jose, CA 95120
    View details
    Santa Cruz Mountain Naturist Resort
    Contact for pricing

    Santa Cruz Mountain Naturist Resort

    112-acre naturist resort with expansion potential near Silicon Valley.

    20600 Aldercroft Heights Rd, Los Gatos, CA 95033
    View details
    Santa Cruz Mountain Naturist Resort
    Contact for pricing
    3,000 SF

    Santa Cruz Mountain Naturist Resort

    Naturist resort on 112 acres near Silicon Valley.

    20600 Aldercroft Heights Rd, Los Gatos, CA 95033
    View details
    Well-Maintained Fourplex in San Jose
    $2,200,000

    Well-Maintained Fourplex in San Jose

    Four spacious units near Valley Medical Center and Santana Row.

    590 Macarthur Ave, San Jose, CA 95128
    View details
    Residential Care Home Opportunity
    Contact for pricing
    1,832 SF

    Residential Care Home Opportunity

    Residential care home with accommodations for multiple residents in Cambrian.

    1708 Hallmark Ln, San Jose, CA 95124
    View details
    Land for Sale in Los Gatos
    $550,000

    Land for Sale in Los Gatos

    Land available in Santa Clara County, Los Gatos.

    20245 Gist Rd, Los Gatos, CA 95033
    View details
    Cambrian Care Home Opportunity
    $1,799,000

    Cambrian Care Home Opportunity

    Residential care home with accommodations for multiple residents in Cambrian.

    1708 Hallmark Ln, San Jose, CA 95124
    View details

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    Christie's International Real Estate Sereno
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Christie's International Real Estate Sereno
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