Los Altos Office Suite For
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4962 El Camino Real, Los Altos, CA 94022
Office suite in Los Altos, near major transportation and amenities.
Property Size1,310 SF
Price / SF$864.89
Days on Market173
Property Features for 4962 El Camino Real
General Information
Standard status
Active
Size
1,310 SF
Property subtype
Office
Building Details
Units
1
Listing Agency:
Coldwell Banker Commercial Westbay Real Estate Group
Listed By:
Andrew Peceimer · License #00993289
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 11 at 3:30PM
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 Coldwell Banker Commercial Westbay Real Estate Group
Investment Insights
Based on property information with market context.
This office suite, comprising approximately 1,310 square feet, is available now. The property features central heating, air conditioning, and a kitchen. The Homeowner's Association fee is approximately $820 per month. The location offers convenient access to Highways 280, 85, and 101. Caltrain is located 0.8 miles away, approximately a 16-minute walk. Nearby amenities include the Village at San Antonio, Peet’s Coffee, Starbucks, and Whole Foods. The CT Commercial zoning allows for medical and dental clinics.
Key Highlights
- Centrally located near Highways 280, 85, and 101.
- CT Commercial Zoning Allows Medical and Dental Clinics.
- ±1,310 SF Suite Available Now.**
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
$46,085
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
4.07%
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%
$921,700
$921.7K
Cap Rate 7%
$658,357
$658.4K
Cap Rate 9%
$512,056
$512.1K
Market Conditions
NOI Build-Up for 1,310 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
$73.4K $56.04/SF
− Vacancy
−$12.0K −$9.13/SF
EGI
$61.4K $46.91/SF
− OpEx
−$15.4K −$11.73/SF
NOI
$46.1K $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%
$921,700
Cap Rate 7%
$658,357
Cap Rate 9%
$512,056
Alternative Uses
Best Use
Office B
$658.4K
$576.1K – $768.1K
NOI $46,085 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$790.9K
$692.0K – $922.7K
NOI $55,361 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 94022, CA
20,842
Population
8,151
Households
2.6
Avg Household Size
48
Median Age
89%
College-Educated
100%
High-School Grad
17.7 sq mi
ZIP Area
1,178
Density / Sq Mi
$250,001
Median Household Income
$144,301
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
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 - Office suite in Los Altos, near major transportation and amenities.
Where is this office units located?
The property is located at 4962 El Camino Real Los Altos, CA.
What is the asking price?
The asking price for this property is $1,133,000.
What are key features of this property?
This property features: Centrally located near Highways 280, 85, and 101.; CT Commercial Zoning Allows Medical and Dental Clinics.; ±1,310 SF Suite Available Now.**
