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

    20488 Stevens Creek Blvd Cupertino, CA

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

    Retail space available in Cupertino City Center with parking.

    Type:RETAIL
    Property size:
    1,506 SF
    Lot size:
    1.89 Acres
    Added:
    Nov 5, 2024
    Days on Market:
    541
    Last Refresh:
    Apr 5 at 10:03 pm

    Property Features for 20488 Stevens Creek Blvd

    General Information

    Standard status
    Active
    Size
    1,506 SF
    Lot size
    1.89 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 20488 Stevens Creek Blvd Contact us

    We can help!

    Listing Contact
    Matt Sweeney

    Listing agent Matt Sweeney

    Listing office The Econic Company

    Listing date Nov 5, 2024

    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 The Econic Company

    Overview

    Retail Space in Cupertino Center

    Retail space is available on the ground floor of the Montebello Building, which is part of the master-planned Cupertino City Center. The property offers 1506 square feet of space. It features 66 on-site parking spaces reserved exclusively for retail customers. Signage is available on Stevens Creek Boulevard. The location is at the highest traffic intersection in the city of Cupertino.
    Location Intelligence

    Current Use by Public Records

    Keramed Inc Medical Clinic Cali Mill Plaza ... Park Horizon Auto Consultant Cupertino Trash Hauling ... Rental Happy Lemon Cafe & Coffee Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cupertino
    County
    Santa Clara
    State
    California
    Longitude
    -122.03
    Latitude
    37.3222

    Nearby Similar for Lease

    • $54 SF/Yr

      Cupertino Office Space For Rent

      Office space for rent in Cupertino with excellent parking.
      10011 N Foothill Blvd, Cupertino, CA
      View Details
    • $57 SF/Yr

      Retail Space with Corner Exposure

      Retail space featuring ample parking, natural light, and corner exposure.
      10063-10095 Saich Way, Cupertino, CA
      View Details
    • Contact for pricing

      Office Suites Near Cupertino Civic

      Multiple office suites available for lease near Cupertino Civic Park.
      20380 Town Center Lane, Cupertino, CA 95014
      View Details
    • Contact for pricing

      Professional Office Complex For Lease

      Professional office complex with on-site amenities and ample parking.
      20813-20883 Stevens Creek Blvd, Cupertino, CA 95014
      View Details
    • Contact for pricing

      Cupertino Office Space Available

      Office space available for rent in Cupertino, California.
      10056 Orange Ave, Cupertino, CA 95014
      View Details
    • $4 SF/Yr

      Cupertino Office Space For Rent

      Office space in the heart of Cupertino, near Apple HQ.
      10020 De Anza Blvd, Cupertino, CA
      View Details
    • $3 SF/Yr

      Professional Office Space in Cupertino

      Two-story office building in central Cupertino with convenient amenities.
      20410 Town Center Ln, Cupertino, CA
      View Details
    • Contact for pricing

      Class A Office Building

      Two-story Class A office building with highway access in Cupertino.
      19925 Stevens Creek Boulevard, Cupertino, CA 95014
      View Details
    • Contact for pricing

      Cupertino Office Space For Lease

      Office space in Cupertino with easy highway access available for lease.
      19200 Stevens Creek Blvd., Cupertino, CA 95014
      View Details
    • Contact for pricing

      Office Space in Cupertino

      Office space available for lease in Cupertino, California.
      10600 De Anza Blvd, N., #Flr 1-3, Cupertino, CA 95014
      View Details
    • $4 SF/Yr

      Class A Office Space

      Office space for rent in prime Cupertino location.
      19409-19419 Stevens Creek Blvd, Cupertino, CA
      View Details
    • Contact for pricing

      Office Space Near Highway Access

      Office space for lease with easy highway access.
      20863 Stevens Creek Blvd, Cupertino, CA 95014
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in Cupertino City Center with parking.
    Where is this retail space located?
    The property is located at 20488 Stevens Creek Blvd Cupertino, CA.
    What are key features of this property?
    This property features: Ground floor retail space in Cupertino City Center.; Located at the highest traffic intersection in Cupertino.; Signage available on Stevens Creek Boulevard.
    (925) 963-9886 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Sweeney
    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!