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

    1240 Elko Dr Sunnyvale, CA

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

    Flex space available for rent in Sunnyvale, California.

    Type:FLEX_R_AND_D
    Property size:
    17,633 SF
    Lot size:
    2.28 Acres
    Added:
    Aug 28, 2024
    Days on Market:
    611
    Last Refresh:
    Apr 5 at 9:59 pm

    Property Features for 1240 Elko Dr

    General Information

    Standard status
    Active
    Size
    17,633 SF
    Lot size
    2.28 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 1240 Elko Dr Contact us

    We can help!

    Listing Contact
    Ryan Adlesh

    Listing agent Ryan Adlesh License #01936335

    Listing office CBRE | San Jose

    Listing date Aug 28, 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 CBRE | San Jose

    Overview

    Sunnyvale Flex Space Available

    This flex space property in Sunnyvale, California, offers approximately 17,633 square feet of space. The property features 800 Amps of power with 208/120v 3-Phase electrical service. It includes two grade-level doors. The space is ready for tenant improvements and offers connectivity with Comcast Fiber. This property is suitable for industrial and flex space purposes.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    • Cosmopolitan Catering — 1288 Reamwood Ave, Sunnyvale, CA 94089

    Location Insight

    • Map
    • Local Demand
    City
    Sunnyvale
    County
    Santa Clara
    State
    California
    Longitude
    -121.989
    Latitude
    37.4058

    Nearby Similar for Lease

    • $6,960/Mo

      Sunnyvale Warehouse with Fenced Yard

      19,966 SF warehouse with 8,000 SF fenced yard.
      1290 Reamwood AVE A - B, SUNNYVALE, CA 94089
      View Details
    • Sponsored
      Contact for pricing

      710 Lakeway Dr.

      710 Sunnyvale Ave, Unit 200, Sunnyvale, CA 94085
      View Details
    • $4 SF/Yr

      Sunnyvale Office Space Available

      7,513 square foot office space for rent in Sunnyvale.
      640 West California Avenue, Sunnyvale, CA, 94086
      View Details
    • $72 SF/Yr

      Downtown Sunnyvale Office Space Available

      Move-in ready office space near Caltrain and Sunnyvale Cityline.
      111 W Evelyn Ave, Sunnyvale, CA
      View Details
    • $2 SF/Yr

      Sunnyvale Office Space Available

      Office space for rent near downtown Sunnyvale and Caltrain.
      390-392 Potrero Ave, Sunnyvale, CA
      View Details
    • $6 SF/Yr

      Mixed-Use Development in Sunnyvale

      High-end mixed-use development with office, retail, and residential spaces.
      100 Mathilda Place, Sunnyvale, CA, 94086
      View Details
    • Contact for pricing

      Sunnyvale Flex/Office Space Available

      Flex/office space with 16-foot ceilings and convenient highway access.
      732-734 N. Pastoria Ave, Sunnyvale, California 94085
      View Details
    • Contact for pricing

      R&D and Office Space

      Flexible R&D and office spaces in Sunnyvale Park Place.
      960 Stewart Drive, Sunnyvale, CA 94085
      View Details
    • Contact for pricing

      Warehouse Space Near Home Depot

      41,200 SF warehouse space adjacent to Home Depot.
      690 Kifer Rd., Sunnyvale, CA 94086
      View Details
    • Contact for pricing

      Renovated Flex Space Available

      Recently renovated flex space with warehouse and office components.
      440 Oakmead Parkway, Sunnyvale, CA 94085
      View Details
    • $4 SF/Yr

      Office Space Available For Rent

      Office property available for rent in Sunnyvale, California.
      815 West Maude Avenue, Sunnyvale, CA, 94085
      View Details
    • $1.99 SF/Yr

      Moffett Park Office/Warehouse Space

      24,743 RSF office and warehouse space for lease.
      1329 Moffett Park Drive, Sunnyvale, CA, 94089
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space available for rent in Sunnyvale, California.
    Where is this flex space located?
    The property is located at 1240 Elko Dr Sunnyvale, CA.
    What are key features of this property?
    This property features: ±17,633 SF of versatile space.; Benefit from **800 Amps** of power.; Equipped with 208/120v 3‑Phase power.
    (408) 453-7400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ryan Adlesh
    Real Estate License ID: 01936335
    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!