Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    960 Stewart Dr Sunnyvale, CA 94085

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flexible R&D and office spaces in Sunnyvale Park Place.

    We can help!

    Listing Contact
    Mike Saign
    Source: Nmrk

    Listing Agent: Mike Saign

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

    Learn more

    Overview

    R&D and Office Space

    Sunnyvale Park Place offers flexible research and development, as well as office spaces. The location is surrounded by industry-leading companies. The project provides spaces suitable for collaboration and forward-thinking innovators. Retail, residential, hotel, and fitness amenities are within walking distance. The property includes approximately 64,287 square feet of research and development plus office space that is ready for occupancy. The building features new facades and signage. Deck to deck height on all floors is 17 feet. Dock and grade level loading are potentially available. Parking is available at a ratio of 3.55 per 1,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunnyvale
    County
    Santa Clara
    State
    California
    Longitude
    -122.00484
    Latitude
    37.38335

    Nearby Similar for Lease

    • $6,960 /Mo
      19,966 SF

      Sunnyvale Warehouse with Fenced Yard

      19,966 SF warehouse with 8,000 SF fenced yard.
      1290 Reamwood Ave, Sunnyvale, CA 94089
      View Details
    • $4 SF/Yr
      775 SF

      Sunnyvale Dental/Medical Office Space

      Prime dental/medical office space in Sunnyvale, CA for lease.
      860 E Remington Dr, Sunnyvale, CA 94087
      View Details
    • $78 SF/Yr
      11,560 SF

      Modern Office Space Available

      Spacious office with amenities near transit and retail.
      150 Mathilda Pl, Sunnyvale, CA 94086
      View Details
    • $39 SF/Yr
      10,829 SF

      Downtown Sunnyvale Office Building For Lease

      Stand-alone building in prime Sunnyvale location near Cityline.
      440-444 S Mathilda Ave, Sunnyvale, CA 94085
      View Details
    • Contact for pricing

      Flexible R&D Office Space

      R&D and office spaces in Sunnyvale, ready for occupancy.
      920 Stewart Dr -, Sunnyvale, CA 94085
      View Details
    • $5 SF/Yr
      134,765 SF

      Modern Office Space with Connectivity

      Dynamic workspaces with indoor/outdoor connectivity near Sunnyvale Caltrain station.
      275 North Mathilda Ave, Sunnyvale, CA 94086
      View Details
    • Contact for pricing
      2,530 SF

      Retail Space in Sunnyvale Cityline

      Retail space in Sunnyvale, near major tech campuses.
      200 W Mc Kinley Ave, Sunnyvale, CA 94086
      View Details
    • Contact for pricing
      2,912 SF

      Prime Retail Space in Sunnyvale

      Retail space in Sunnyvale, near major tech campuses.
      240 S Taaffe St, Sunnyvale, CA 94086
      View Details
    • $4 SF/Yr
      15,981 SF

      Sunnyvale Office Space Near Caltrain

      Market-ready office space near Caltrain and downtown Sunnyvale amenities.
      800 W California Ave, Sunnyvale, CA 94086
      View Details
    • Contact for pricing
      2,972 SF

      Retail Space Near CityLine Sunnyvale

      Retail space adjacent to CityLine Sunnyvale redevelopment.
      299 W Washington Ave, Sunnyvale, CA 94086
      View Details
    • $4 SF/Yr
      184,614 SF

      Class A Office Building

      Five-story office building near Caltrain with expansive balconies.
      3655 Kifer Rd, Sunnyvale, CA 94086
      View Details
    • $4 SF/Yr
      39,364 SF

      Prime Sunnyvale Office and Fitness

      Office space with fitness center near Caltrain and Downtown Sunnyvale.
      600 W California Ave, Sunnyvale, CA 94086
      View Details

    FAQs

    What type of property is this?
    Office space - Flexible R&D and office spaces in Sunnyvale Park Place.
    Where is this office space located?
    The property is located at 960 Stewart Dr Sunnyvale, CA.
    What are key features of this property?
    This property features: - ±64,287 SF of R&D + Office Space Ready for Occupancy; - Walking Distance to retail, residential, hotel and fitness amenities; - Best In Class Corporate Neighbors
    (408) 982-8403
    Request Owner's contact information
    960 Stewart Dr Sunnyvale, CA 94085
    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.
    960 Stewart Dr
    Sunnyvale, CA 94085
    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
    960 Stewart Dr Sunnyvale, CA 94085
    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
    Mike Saign
    Real Estate License ID: CA RE #01706668
    (408) 982-8403
    Learn more
    Google sign-in failed. Please try again or use another login method.