Two-Story Office
For Sale
Contact for pricing
2083 Old Middlefield Way, Mountain View, CA 94043
Standalone office property with flexible occupancy across two floors, onsite parking, and outdoor workspace.
Property Size10,000 SF
Lot Size0.23 Acres
Price / SF$449.50
Days on Market511
Property Features for 2083 Old Middlefield Way
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.23 Acres
Property subtype
Industrial, Land, Office, Retail
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Sprinkler System
Yes
Amenities
Balcony/Breezeway
Rear Fenced Patio
Outdoor Work Space
Building Details
Buildings
1
Stories
2
Building Size
10,000 SF
Tenancy
Multi
Listing Agency:
Stetson Earhart, Inc.
Listed By:
Chad Martin · License #CA 02106951
Source:
Crexi
Added: Apr 16, 2025
Changed: Sep 6
Last Checked: Sep 8 at 3:53AM
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 Stetson Earhart, Inc.
Investment Insights
Based on property information with market context.
This standalone office building at 2083 Old Middlefield Way includes approximately 10,000 square feet across two levels, with 5,000-square-foot floor plates on each floor. The property offers full-building occupancy or separate use of the individual floors. Existing second-floor tenants provide current occupancy, while the building may also be delivered vacant for an owner-user configuration. Interior features include extensive window line and natural light, 100% HVAC, fire sprinklers, updated lighting, and a drop ceiling. A two-story balcony and breezeway connect to a fenced rear patio that can serve as outdoor work space. The building also includes onsite parking and approximately 800 amps of electrical service.
Located in Mountain View near the Google Campus, the property provides access to Hwy 101, Hwy 85, and Central Expressway. Its corner-lot setting and proximity to major regional routes support convenient commuter access.
Located in Mountain View near the Google Campus, the property provides access to Hwy 101, Hwy 85, and Central Expressway. Its corner-lot setting and proximity to major regional routes support convenient commuter access.
Key Highlights
- Approximately 10,000 SF two‑story office building with 5,000 SF floor plates on each level
- Two existing second‑floor tenants with potential delivery of the building vacant
- 100% HVAC, fire sprinklers, new lighting, and drop ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$351,791
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,035,820
$7.0M
Cap Rate 7%
$5,025,586
$5.0M
Cap Rate 9%
$3,908,789
$3.9M
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$560.4K $56.04/SF
− Vacancy
−$91.3K −$9.13/SF
EGI
$469.1K $46.91/SF
− OpEx
−$117.3K −$11.73/SF
NOI
$351.8K $35.18/SF
Area
Santa Clara County, CA
Vacancy
16.30%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,035,820
Cap Rate 7%
$5,025,586
Cap Rate 9%
$3,908,789
Alternative Uses
Best Use
Office B
$5.03M
$4.40M – $5.86M
NOI $351,791 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.04M
$5.28M – $7.04M
NOI $422,601 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,519
Businesses Nearby
Explore this area
Business Placement
Demographics for 94043, CA
31,414
Population
14,756
Households
2.1
Avg Household Size
36
Median Age
71%
College-Educated
94%
High-School Grad
8.5 sq mi
ZIP Area
3,696
Density / Sq Mi
$180,781
Median Household Income
$113,861
Median Earnings
$2,965
Median Rent
$1,647,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Standalone office property with flexible occupancy across two floors, onsite parking, and outdoor workspace.
Where is this office building located?
The property is located at 2083 Old Middlefield Way Mountain View, CA.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Approximately 10,000 SF two‑story office building with 5,000 SF floor plates on each level; Two existing second‑floor tenants with potential delivery of the building vacant; 100% HVAC, fire sprinklers, new lighting, and drop ceiling
