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    747 Altos Oaks Los Altos, CA 94024

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    Claim this Listing
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    For Lease
    $5,988/Mo $52 SF/Yr (calc)

    Commercial Lease - Los Altos, CA

    Property size:
    1,370 SF
    Added:
    Apr 22, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 22 at 11:06 pm

    Property Features for 747 Altos Oaks

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    18916017
    Size
    1,370 SF

    Building Details

    Year built
    1958
    Architectural style
    Other

    We can help!

    Listing Contact
    CONNIE HONG

    Listing agent CONNIE HONG License #01915173

    Listing office Exquisite Home Realty 329 S PALM AVE, alhambra, CA

    Listing date Apr 22, 2026

    MLS# WS26087025 Listing URL

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

    Overview

    Turnkey Office in Los Altos

    This 1370 square foot turnkey office is located in a sought-after professional and healthcare corridor in Los Altos. The location benefits from strong visitor traffic, excellent visibility, and convenient access for staff and visitors. The suite is designed to support efficient operations and a high-quality experience. It features five private rooms, a professional reception area, and access to a shared common waiting area. Additional amenities include a dedicated utility area and three restrooms. The property is ideally situated with convenient access to Interstate 280 and Foothill Expressway, and is within walking distance to Rancho Shopping Center, offering nearby dining, retail, and everyday conveniences. Ample on-site parking is available. This suite is suitable for professionals, medical, and wellness providers seeking a well-located, fully built-out space ready for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hong Peter T ... Dental Office Peter W. Brown, ... Pediatrician Peter Watson Brown Pediatrician

    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.

    Similar Places Nearby

    • Los Altos Veterinary Clinic — 1150 Riverside Dr, Los Altos, CA 94024

    Location Insight

    • Map
    • Local Demand
    City
    Los Altos
    County
    Santa Clara
    State
    California
    Longitude
    -122.0942727
    Latitude
    37.3595261

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    FAQs

    What type of property is this?
    Medical Office Space - Turnkey office space in a sought-after Los Altos corridor.
    Where is this medical office space located?
    The property is located at 747 Altos Oaks Los Altos, CA.
    What is the lease rate?
    The lease rate is $5,988 /Mo.
    What are key features of this property?
    This property features: Turnkey office space in a highly desirable Los Altos professional/healthcare corridor.; Ample on‑site parking, a significant advantage in Los Altos.; Features five private rooms, professional reception area, and shared waiting area for efficient workflow.
    (626) 416-3188
    We can help!
    Listing Contact
    CONNIE HONG
    Real Estate License ID: 01915173
    Learn More
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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
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