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

    720 University Avenue Los Gatos, CA 95032

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4 SF/Yr

    Professional office building near downtown Los Gatos and Vasona Park.

    Type:Office
    Property size:
    6,281 SF
    Added:
    Mar 25, 2026
    Days on Market:
    3
    Last Refresh:
    Mar 18 at 9:48 am

    Property Features for 720 University Avenue

    General Information

    Standard status
    Active
    Size
    6,281 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Mark Christierson

    Listing agent Mark Christierson License #01296954

    Listing office CBRE | San Jose

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | San Jose

    Overview

    Class A Office Building

    This is a professional Class A office building located in proximity to Downtown Los Gatos and Vasona Park. The property offers 6281 square feet of office space.
    Location Intelligence

    Current Use by Public Records

    Comprehensive Financial Management Financial Advisor Pertria Real Estate Agency World Tomato Society Agricultural Service Helen Pastorino - Pertria Real Estate Agency Impetus Technologies, Inc Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Gatos
    County
    Santa Cruz
    State
    California
    Longitude
    -121.974452
    Latitude
    37.2382348

    Nearby Similar for Lease

    • Contact for pricing

      Los Gatos Retail Space Available

      Trader Joe's anchored shopping center with restaurant opportunity.
      15466 Los Gatos Blvd, Los Gatos, CA 95032
      View Details
    • $42/mo

      Los Gatos Retail/Office Space

      Ground floor suite available now in prime Los Gatos location.
      634 N Santa Cruz Ave, Los Gatos, CA
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Retail spaces available in a busy, grocery-anchored shopping center.
      15521 - 15595 Union Avenue, Los Gatos, CA 95032
      View Details
    • $39/mo

      Los Gatos Office Space Available

      Corner office unit with excellent glass line and rear loading.
      761 University Ave, Los Gatos, CA
      View Details
    • $3/mo

      Los Gatos Office Space Available

      New office space with open configuration and specialized medtech facilities.
      140-162 Knowles Dr, Los Gatos, CA
      View Details
    • $47/mo

      Los Gatos Office Space Available

      Professional office park in a premier west valley location.
      16615 Lark Ave, Los Gatos, CA
      View Details
    • $4/mo

      Los Gatos Office Space Available

      Office space for rent with on-site parking and amenities.
      455 Los Gatos Blvd, Los Gatos, CA
      View Details
    • $47/mo

      Los Gatos Office Space Available

      Professional office space in a premier West Valley location.
      987 University Avenue, Los Gatos, CA
      View Details
    • $3/mo

      Remodeled Medical Office Space

      Medical office space with exam rooms near Good Samaritan Hospital.
      14547 S Bascom Ave, Los Gatos, CA
      View Details
    • $3/mo

      Freestanding Retail Building in Los Gatos

      Freestanding ±5,268 SF retail building with dedicated parking.
      575 N Santa Cruz, Los Gatos, CA
      View Details
    • Contact for pricing

      Los Gatos Office Space Available

      Office space available for sublease in Los Gatos, CA.
      100 Winchester Cir, Los Gatos, CA
      View Details
    • Contact for pricing

      Los Gatos Restaurant Opportunity

      Second generation restaurant space with dedicated parking and signage.
      16150 Los Gatos Blvd, Los Gatos, CA
      View Details

    FAQs

    What type of property is this?
    Office building - Professional office building near downtown Los Gatos and Vasona Park.
    Where is this office building located?
    The property is located at 720 University Avenue Los Gatos, CA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: Class A office building; Proximity to Downtown Los Gatos; Proximity to Vasona Park
    (408) 453-7452
    We can help!
    Listing Contact
    Mark Christierson
    Real Estate License ID: 01296954
    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!