Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    888 N Rengstorff Ave Mountain View, CA 94043

    View on Map
    Sponsored
    For Sale
    $4,699,995

    Residential Lots & Land - MOUNTAIN VIEW, CA

    Property size:
    1,930 SF
    Lot size:
    0.39 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 6 at 11:06 am

    Property Features for 888 N Rengstorff Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R3-2*
    Exterior features
    Fence
    Fencing
    Fenced
    Size
    1,930 SF
    Lot size
    0.39 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Boyenga Team
    Boyenga Team

    Compass (212) 913-9058

    Listing agent Boyenga Team (408) 358-1111 License #70010882

    Listing date Mar 5, 2026

    MLS# ML82037367 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.

    Learn more

    Property Insight Report

    Overview

    Mountain View Infill Opportunity

    Located in North Mountain View, this property presents a rare infill opportunity with the potential for up to 10 units. Situated on an approximately 0.39-acre lot, the property is in a supply-constrained residential area with strong long-term demand. It includes a 1,930 sq ft, 4-bedroom, 2-bath single-family home at the front of the parcel, offering immediate utility or interim income. The location provides close proximity to major Silicon Valley employers such as Google, Nvidia, Apple, and Meta, as well as Downtown Mountain View, Caltrain, Shoreline Park, Highway 101, and Central Expressway. The surrounding area features a mix of established homes and newer residential infill, with easy access to dining, retail, and everyday conveniences. The lot size and configuration allow for flexibility, and state housing laws support approximately seven to ten residential units, subject to objective standards and final design compliance, with a streamlined approval process. Preliminary discussions suggest an approximate 30-foot height limit, to be verified, supporting efficient two- to three-story designs. Units may be delivered as fee-simple homes or condominiums. The property is zoned R3-2*.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain View
    County
    Santa Clara
    State
    California
    Longitude
    -122.0936423
    Latitude
    37.4170732

    Nearby Similar for Sale

    • New
      $2,395,000
      2,875 SF

      Mountain View Triplex Investment Opportunity

      Rare triplex near Downtown Mountain View with strong rental potential.
      1826 Higdon Ave, Mountain View, CA 94041
      View Details
    • $950,000
      900 SF

      Mountain View Commercial Opportunity

      Restaurant, dental office, or retail opportunity on El Camino.
      1407 El Camino Real, Mountain View, CA 94040
      View Details
    • Contact for pricing

      Mountain View Corner Office Condo

      Highly visible corner office condo in Mountain View.
      100 West El Camino Real, Mountain View, CA 94040
      View Details
    • $1,400,000
      1,300 SF

      Turnkey Restaurant Opportunity

      Fully-equipped restaurant space on busy El Camino Real.
      1405 El Camino Real, Mountain View, CA 94040
      View Details
    • $200,000

      Turn Key Restaurant Opportunity

      Turn key Japanese restaurant in Mountain View for sale.
      570 N Shoreline Blvd, Mountain View, CA 94043
      View Details
    • Contact for pricing
      14,824 SF

      Mountain View Industrial Space

      Industrial space available for sale in Mountain View, California.
      2195 Leghorn St, Mountain View, CA 94043
      View Details
    • $7,850,000

      Mountain View Investment Opportunity

      Mountain View property available for sale.
      Evandale Ave, Mountain View, CA 94043
      View Details
    • Contact for pricing
      5,000 SF

      Freestanding Office Building For Sale

      Freestanding office building with easy highway access and parking.
      1050 Independence Ave, Mountain View, CA 94043
      View Details
    • Contact for pricing
      2,548 SF

      Class A Office/R&D Condo

      Office/R&D condo with private offices, conference room, and amenities.
      455 N Whisman Rd, Mountain View, CA 94043
      View Details
    • Contact for pricing
      4,863 SF

      Retail Property in Silicon Valley

      NNN lease with corporate guaranty in the heart of Silicon Valley.
      2496 W El Camino Real, Mountain View, CA 94040
      View Details
    • Contact for pricing
      6,678 SF

      Established O'Reilly's Auto Parts Location

      Long-term corporate guaranteed net lease investment property.
      170 E El Camino Real, Mountain View, CA 94040
      View Details
    • Contact for pricing
      29,466 SF

      Downtown Mountain View Office Building

      Three-story office building in the heart of downtown Mountain View.
      274-282 Castro St, Mountain View, CA 94041
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare 0.39-acre lot with 10-unit potential in Mountain View.
    Where is this residential land & home lot located?
    The property is located at 888 N Rengstorff Ave Mountain View, CA.
    What is the asking price?
    The asking price for this property is $4,699,995.
    What are key features of this property?
    This property features: - Up to 10-unit development potential on a large .39-acre lot.; - Rare infill opportunity in supply-constrained North Mountain View.; - Prime location near major Silicon Valley employers (Google, Nvidia, Apple, Meta).
    (408) 373-1660
    Request Owner's contact information
    888 N Rengstorff Ave Mountain View, CA 94043
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    888 N Rengstorff Ave
    Mountain View, CA 94043
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    888 N Rengstorff Ave Mountain View, CA 94043
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Boyenga Team
    Boyenga Team
    Real Estate License ID: 70010882
    (408) 373-1660 (408) 358-1111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!