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    Residential Land Lot with Plans Title is generated by Realmo AI

    403 Montclair RD, Los Gatos, CA 95032

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $1,500,000

    LAND - LOS GATOS, CA

    Lot size:
    0.35 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    36
    Last Refresh:
    Jun 4 at 12:06 pm

    Property Features for 403 Montclair RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R120
    Fencing
    Perimeter
    Standard status
    Active Under Contract
    Lot size
    0.35 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Andy Tse

    Listing agent Andy Tse License #01345580

    Listing office Intero Real Estate Services 12988 Saratoga Sunnyvale Rd, Suite B, Cupertino, CA

    Listing date Apr 30, 2026

    MLS# ML82010933 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prestigious Los Gatos location surrounded by multi‑million dollar estates.
    • Award‑winning schools.
    • Significant groundwork completed: architectural plans, engineering, and prior permit approval.
    • Serene and private setting minutes from downtown Los Gatos and Saratoga.
    • Easy commute to Silicon Valley tech hubs.
    • Proximity to scenic trails and recreational areas (Vasona Lake Park, Los Gatos Creek Trail).

    Overview

    This residential land lot at 403 Montclair Road offers the setting for a new custom home. The seller has completed significant pre-development work, including architectural plans, engineering, and a prior permit approval process, providing a foundation for a future builder. A 3D plan is included, illustrating the concept of the home design associated with the submitted/approved efforts.

    Located in Los Gatos, the property is positioned in a serene, private setting and is described as being within minutes of downtown Los Gatos and Saratoga. The surrounding area is characterized in the listing remarks as established with higher-end homes. The remarks also note proximity to local trails and recreation, including Vasona Lake Park and the Los Gatos Creek Trail.

    For buyers looking to build, this is a practical option when pre-development documentation matters. The combination of land ownership and existing plans, engineering, and prior permit approval groundwork can help reduce early-stage effort and clarify what has already been worked through. Buyers should review the specific status and scope of the prior approval process during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Gatos
    County
    Santa Cruz
    State
    California
    Longitude
    -121.982704
    Latitude
    37.252217

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    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot offered with architectural plans, engineering work, and prior permit approval groundwork for a future home.
    Where is this residential land & home lot located?
    The property is located at 403 Montclair RD Los Gatos, CA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prestigious Los Gatos location surrounded by multi‑million dollar estates.; Award‑winning schools.; Significant groundwork completed: architectural plans, engineering, and prior permit approval.
    (408) 807-8808
    We can help!
    Listing Contact
    Andy Tse
    Real Estate License ID: 01345580
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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.

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