Multi-Tenant Flex
2134 Old Middlefield Way, Mountain View, CA 94043
For Sale
$4,922,000
Fully occupied commercial property with adaptable space and convenient access to major regional highways.
Property Size11,743 SF
Lot Size0.80 Acres
Price / SF$424.49
Days on Market94
Property Features for 2134 Old Middlefield Way
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Amenities
100% occupied multi-tenant flex investment located in the heart of Mountain View, one of Silicon Valley's strongest commercial markets. The property's diverse tenant mix provides stable in place cash
The property consists of approximately 11,595 square feet on a 34,960 square foot parcel and offers a flexible layout that accommodates a variety uses.
The asset features 47 on-site parking spaces, providing an attractive 4.00 spaces per 1,000 square feet parking ratio. This enhances tenant convenience, accommodates a wide variety of commercial uses,
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Palo Alto Office
Listed By:
Josh Johnson
(650) 391-1784
Source:
Marcusmillichap
Added: Aug 8
Changed: Nov 9
Last Checked: Nov 8 at 2:10AM
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 Palo Alto Office
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Investment Insights
Based on property information with market context.
This 100% occupied flex property includes approximately 11,595 square feet on a 34,960-square-foot parcel. Built in 1971, the multi-tenant configuration offers adaptable space suited to a range of commercial uses. On-site parking includes 47 spaces, equating to a 4.00 spaces-per-1,000-square-feet ratio.
The property is located at 2134 Old Middlefield Way in Mountain View, with access to Highways 101, 85, and 237, as well as Central Expressway. The location also records a bikeScore of 96, a walkScore of 66, and a transitScore of 35.
The property is located at 2134 Old Middlefield Way in Mountain View, with access to Highways 101, 85, and 237, as well as Central Expressway. The location also records a bikeScore of 96, a walkScore of 66, and a transitScore of 35.
Key Highlights
- 100% occupied multi‑tenant flex property
- Approximately 11,595 square feet on a 34,960 square foot parcel
- 47 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,533
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,870,660
$3.9M
Cap Rate 7%
$2,764,757
$2.8M
Cap Rate 9%
$2,150,367
$2.2M
Market Conditions
NOI Build-Up for 11,595 SF
Gross rent
$299.2K $25.80/SF
− Vacancy
−$22.7K −$1.96/SF
EGI
$276.5K $23.84/SF
− OpEx
−$82.9K −$7.15/SF
NOI
$193.5K $16.69/SF
Area
Santa Clara County, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,870,660
Cap Rate 7%
$2,764,757
Cap Rate 9%
$2,150,367
Alternative Uses
Best Use
Industrial
$2.76M
$2.42M – $3.23M
NOI $193,533 @ 7.0% cap · market cap 3.93%
Second Best
Flex RnD
$2.56M
$2.24M – $2.99M
NOI $179,281 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$7.00M
$6.13M – $8.17M
NOI $490,006 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,519
Businesses Nearby
Under-served
Demand for This Use
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
$1,647,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Santa Clara County, CA
Properties on Market for Flex space in Santa Clara County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
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- Deja Vu Bakery & Catering — 3921 Fabian Way, Palo Alto, CA 94303
- New Caterer — 2301 Amphitheatre Pkwy, Mountain View, CA 94043
Frequently Asked Questions
What type of property is this?
Flex space - Fully occupied commercial property with adaptable space and convenient access to major regional highways.
Where is this flex space located?
The property is located at 2134 Old Middlefield Way Mountain View, CA.
What is the asking price?
The asking price for this property is $4,922,000.
What are key features of this property?
This property features: 100% occupied multi‑tenant flex property; Approximately 11,595 square feet on a 34,960 square foot parcel; 47 on‑site parking spaces
