Mountain View Mixed-Use
For Sale
Contact for pricing
701-727 W Evelyn Ave, Mountain View, CA 94041
Mixed-use property available for sale in Mountain View, California.
Property Size30,438 SF
Price / SF$427.10
Days on Market768
Property Features for 701-727 W Evelyn Ave
General Information
Standard status
Active
Size
30,438 SF
Class
A
Total Parking Spaces
75
Property subtype
Mixed Use, Office, Retail
Building Details
Stories
4
Listing Agency:
Newmark - San Jose
Listed By:
Gabe Regalado · License #02008286
(408) 982-8428
Source:
Crexi
Added: Sep 12, 2024
Changed: Oct 9
Last Checked: Oct 16 at 7:17AM
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 Newmark - San Jose
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Investment Insights
Based on property information with market context.
A mixed-use property is available for sale. The property encompasses a total area of 30438 square feet and is located in Mountain View, California.
Key Highlights
- No property information provided.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,070,782
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,415,640
$21.4M
Cap Rate 7%
$15,296,886
$15.3M
Cap Rate 9%
$11,897,578
$11.9M
Market Conditions
NOI Build-Up for 30,438 SF
Gross rent
$1.71M $56.04/SF
− Vacancy
−$278.0K −$9.13/SF
EGI
$1.43M $46.91/SF
− OpEx
−$356.9K −$11.73/SF
NOI
$1.07M $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 Rate 5%
$21,415,640
Cap Rate 7%
$15,296,886
Cap Rate 9%
$11,897,578
Alternative Uses
Best Use
Office B
$15.30M
$13.38M – $17.85M
NOI $1,070,782 @ 7.0% cap · market cap 8.24%
Second Best
Retail
$11.75M
$10.28M – $13.70M
NOI $822,176 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$18.38M
$16.08M – $21.44M
NOI $1,286,312 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,402
Businesses Nearby
Explore this area
Business Placement
Demographics for 94041, CA
15,604
Population
7,383
Households
2.1
Avg Household Size
36
Median Age
73%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
9,753
Density / Sq Mi
$168,980
Median Household Income
$96,520
Median Earnings
$2,927
Median Rent
$2,000,001
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property available for sale in Mountain View, California.
Where is this mixed-use property located?
The property is located at 701-727 W Evelyn Ave Mountain View, CA.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: No property information provided.
