Add Listing
    For Sale
    • 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

    256 Pettis Ave Mountain View, CA 94041

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Five-unit multifamily property with income and value-add potential.

    Property size:
    2,801 SF
    Lot size:
    0.15 Acres

    Property Features for 256 Pettis Ave

    General Information

    Standard status
    Active
    Zoning
    r2
    Size
    2,801 SF
    Lot size
    0.15 Acres

    Building Details

    Year built
    1961

    We can help!

    Listing Contact
    Sean Dinh
    Source: Crexi

    Listing Agency: SVN | Capital West Partners Listing Agent: Sean Dinh

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

    Learn more

    Overview

    Five-Unit Multifamily Investment Opportunity

    This five-unit multifamily property presents an investment opportunity. The property includes one unit with three bedrooms and two bathrooms, two one-bedroom/one-bath units, and two studio units. It offers in-place income with the potential to increase rents. The property is suitable for multifamily investors seeking upside in a desirable market. The property size is 2801 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain View
    County
    Santa Clara
    State
    California
    Longitude
    -122.08742
    Latitude
    37.3963859

    Nearby Similar for Sale

    • $2,395,000
      2,875 SF

      Mountain View Triplex Investment Opportunity

      Rare triplex near Downtown Mountain View, great investment or owner-occupancy.
      1826 Higdon Ave, Mountain View, CA 94041
      View Details
    • $950,000
      900 SF

      Mountain View Commercial Opportunity

      Restaurant, dental office, or retail opportunity on El Camino.
      1407 El Camino Real, Mountain View, CA 94040
      View Details
    • $4,704,500
      8,426 SF

      Medical Office Space For Sale

      Medical office space surrounded by hospitals and medical centers.
      412 West El Camino Real, Mountain View, CA 94040
      View Details
    • $1,400,000
      1,300 SF

      Turnkey Restaurant Opportunity

      Fully-equipped restaurant space on busy El Camino Real.
      1405 El Camino Real, Mountain View, CA 94040
      View Details
    • Contact for pricing

      Mountain View Corner Office Condo

      Highly visible corner office condo in Mountain View.
      100 West El Camino Real, Mountain View, CA 94040
      View Details
    • $1,200,000
      1,118 SF

      Mountain View Office Condo

      Vacant office condo in the heart of Silicon Valley.
      465 Whisman Rd, Mountain View, CA 94043
      View Details
    • $3,900,000
      5,800 SF

      Mountain View Multifamily Investment Opportunity

      Well-maintained 10-unit apartment building in prime Mountain View location.
      470 Del Medio Ave, Mountain View, CA 94040
      View Details
    • $265,000

      Mountain View Corner Home

      Charming corner home in desirable Mountain View all-ages community.
      440 Moffett Blvd, Mountain View, CA 94043
      View Details
    • $2,500,000
      2,184 SF

      Mountain View Multifamily Investment Opportunity

      Five-unit multifamily property in a desirable Mountain View location.
      729 Mountain View Ave, Mountain View, CA 94041
      View Details
    • $13,500,000
      56,215 SF

      61-Unit Apartment Community For Sale

      61-unit apartment community in Mountain View, near Downtown and Cuesta Park.
      1140 Castro St, Mountain View, CA 94040
      View Details
    • $8,928,000
      22,222 SF

      Mountain View Multifamily Investment Opportunity

      23-unit multifamily property in prime Mountain View location.
      1920 Latham St, Mountain View, CA 94040
      View Details
    • $2,348,950
      2,808 SF

      Two Office Buildings in Silicon Valley

      Two office buildings in the heart of Silicon Valley.
      Moffett Blvd, Mountain View, CA 94043
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property with income and value-add potential.
    Where is this apartment building located?
    The property is located at 256 Pettis Ave Mountain View, CA.
    What are key features of this property?
    This property features: - Stable in-place income with immediate cash flow.; - Value-add opportunity through potential rent increases to market levels.; - Prime location in a strong and highly desirable market.
    Request Owner's contact information
    256 Pettis Ave Mountain View, CA 94041
    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.
    256 Pettis Ave
    Mountain View, CA 94041
    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
    256 Pettis Ave Mountain View, CA 94041
    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
    Sean Dinh
    Real Estate License ID: 01839424
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!