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

    650 Castro St Mountain View, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    73,499 SF of Class A office space for rent.

    Type:OFFICE
    Property size:
    12,154 SF
    Lot size:
    1.57 Acres
    Added:
    May 2, 2023
    Days on Market:
    1090
    Last Refresh:
    Apr 5 at 9:51 pm

    Property Features for 650 Castro St

    General Information

    Standard status
    Active
    Size
    12,154 SF
    Lot size
    1.57 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 650 Castro St Contact us

    We can help!

    Listing Contact
    David Hiebert
    David Hiebert

    Listing agent David Hiebert

    Listing office Cushman & Wakefield | Palo Alto

    Listing date May 2, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Palo Alto

    Overview

    Class A Office Space Available

    This Class A office building, constructed in 1989, offers a total available space of 73,499 square feet within a building size of 116,912 square feet. The property is situated on a 12,154 square foot lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Luxe Custom Wine ... Storage Facility Teresa To Ophthalmologist Mountain View Appliance ... Home Appliance Store 1 Oz Coffee Cafe & Coffee Shop NuuEDScore (Bike/Boat/Book/etc) Store

    Suggested Use

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

    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
    -122.083
    Latitude
    37.388

    Nearby Similar for Lease

    • $3 SF/Yr

      Renovated Flex/R&D Building Available

      Renovated flex/R&D building with secure parking and freeway access.
      2189 Leghorn Street, Mountain View, CA, 94043
      View Details
    • Sponsored
      Contact for pricing

      Mountain View Downtown

      800 El Camino Real, Unit 180, Mountain View, CA 94040
      View Details
    • $5 SF/Yr

      Mountain View Class A Office

      Class A office space for lease in Mountain View.
      1503 Grant Road, Mountain View, California 94040
      View Details
    • $2 SF/Yr

      Mountain View Retail Space Available

      Large retail space with signage and parking in Mountain View.
      1952 W El Camino Real, Mountain View, CA 94040
      View Details
    • $3 SF/Yr

      Mountain View Flex/Industrial Space

      Freestanding building near Highway 101, ideal for startups.
      599 Fairchild Drive, Mountain View, CA, 94043
      View Details
    • $3 SF/Yr

      Restaurant Space on El Camino

      Prime restaurant space with frontage on El Camino Real.
      2116 West El Camino Real, Mountain View, CA, 94040
      View Details
    • $4 SF/Yr

      Renovated Office/Auto Lab Space

      Recently renovated office and auto lab space with highway access.
      335 E Middlefield Rd, Mountain View, CA
      View Details
    • $48 SF/Yr

      Prime Retail Space in Mountain View

      Retail space with open floor plan in downtown Mountain View.
      275-277 Castro St, Mountain View, CA
      View Details
    • $2 SF/Yr

      Retail Building on El Camino

      Large retail space available with prominent signage and parking.
      1952 W El Camino Real, Mountain View, CA 94040
      View Details
    • Contact for pricing

      High Image Office/R&D Building

      Freestanding single-story office/R&D building in excellent condition for lease.
      2307 Leghorn Street, Mountain View, CA 94043
      View Details
    • Contact for pricing

      Mountain View Office Sublease

      Office space available for sublease in Mountain View, California.
      150 W Evelyn Ave, Mountain View, CA 94041
      View Details
    • Contact for pricing

      Mountain View Office Sublease

      Office space available for sublease in Mountain View, California.
      599 Castro St, Mountain View, CA 94041
      View Details

    FAQs

    What type of property is this?
    Office building - 73,499 SF of Class A office space for rent.
    Where is this office building located?
    The property is located at 650 Castro St Mountain View, CA.
    What is the lease rate?
    The lease rate is $95 SF/Yr.
    What are key features of this property?
    This property features: Class A Building; 73,499 SF of Available Space; Building Size: 116,912 SF
    (650) 852-1200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Hiebert
    David Hiebert
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!