Office Condominium with
New
For Sale
$1,100,000
465 N Whisman RD Suite 500, Mountain View, CA 94043
Commercial/Industrial, MOUNTAIN VIEW, CA
Property Size1,118 SF
Lot Size0.03 Acres
Price / SF$983.90
Days on Market4
Property Features for 465 N Whisman RD Suite 500
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ML
Parking
2
Parking features
Assigned, Meter
Subdivision
Whisman
Standard status
Active
Lot size
0.03 Acres
Utilities
Heating system
Forced Air, Central
Cooling system
Central Air
Water source
Private
Building Details
Year built
2005
Roof type
Tar/Gravel
Listing Agency:
eXp Realty of California Inc
8885849427x119
Listed By:
Danny Salinas · License #02135813
(408) 813-0861
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 25 at 7:06PM
MLS# ML82062267
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office condominium contains approximately 1,118 square feet of open office space within a 2005 building. The suite includes a kitchenette with a refrigerator and built-in microwave, one ADA restroom, central air conditioning, forced-air heating, and tar/gravel roofing. Parking includes assigned and metered options, with private water service and ML zoning.
The property is located at 465 N Whisman RD, Suite 500, in Mountain View. It is within walking distance of the VTA light rail Middlefield station and offers access to US Highway 101, State Highway 85, and State Highway 237. Office campuses associated with Google, Symantec, Samsung, and LinkedIn are in the surrounding area, while downtown Mountain View restaurants and shopping are less than 10 minutes away.
The property is located at 465 N Whisman RD, Suite 500, in Mountain View. It is within walking distance of the VTA light rail Middlefield station and offers access to US Highway 101, State Highway 85, and State Highway 237. Office campuses associated with Google, Symantec, Samsung, and LinkedIn are in the surrounding area, while downtown Mountain View restaurants and shopping are less than 10 minutes away.
Key Highlights
- Approximately 1,118 square feet of open office space
- Office condominium in a 2005 building with ML zoning
- Kitchenette includes a refrigerator and built‑in microwave
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
$39,330
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
3.58%
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%
$786,600
$786.6K
Cap Rate 7%
$561,857
$561.9K
Cap Rate 9%
$437,000
$437.0K
Market Conditions
NOI Build-Up for 1,118 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
$62.7K $56.04/SF
− Vacancy
−$10.2K −$9.13/SF
EGI
$52.4K $46.91/SF
− OpEx
−$13.1K −$11.73/SF
NOI
$39.3K $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%
$786,600
Cap Rate 7%
$561,857
Cap Rate 9%
$437,000
Alternative Uses
Best Use
Office B
$561.9K
$491.6K – $655.5K
NOI $39,330 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$675.0K
$590.6K – $787.5K
NOI $47,247 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
709
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Open-plan workspace includes an ADA restroom, assigned parking, and central heating and cooling.
Where is this office units located?
The property is located at 465 N Whisman RD Suite 500 Mountain View, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 1,118 square feet of open office space; Office condominium in a 2005 building with ML zoning; Kitchenette includes a refrigerator and built‑in microwave
