8-Unit Apartment
For Sale
$3,532,250
926 Tamarack Lane, Sunnyvale, CA 94086
Each residence offers two bedrooms and one bathroom, with shared laundry and assigned tenant parking.
Property Size6,400 SF
Lot Size0.28 Acres
Price / SF$551.91
Days on Market107
Property Features for 926 Tamarack Lane
General Information
Standard status
Active
Size
6,400 SF
Lot size
0.28 Acres
Property subtype
Multi-Family
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Amenities
on-site laundry room
private patios
Cable Ready
Wall Furnace
Oven - Electric
Flat
Building Details
Year Built
1963
Buildings
1
Listing Agency:
Marcus & Millichap
Listed By:
Nathan Gustavson
(650) 391-1749
Source:
Kw
Added: Jun 18
Changed: Oct 1
Last Checked: Oct 1 at 9:31AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
Built in 1963, the apartment property contains eight residences totaling 6,400 square feet on a 12,297-square-foot lot. Each unit has 800 square feet of living space, with two bedrooms and one bathroom. An on-site laundry room serves the building, and every tenant has assigned parking. Downstairs apartments include private patios.
The property is located in Sunnyvale, 2.4 miles from Apple’s campus in Cupertino. Interior features include wall furnaces and electric ovens.
The property is located in Sunnyvale, 2.4 miles from Apple’s campus in Cupertino. Interior features include wall furnaces and electric ovens.
Key Highlights
- Eight apartments, each with 2 bedrooms, 1 bathroom and 800 square feet
- 6,400 square feet of building area on a 12,297‑square‑foot lot
- On‑site laundry room and assigned parking for each tenant
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
$135,278
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
3.83%
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%
$2,705,560
$2.7M
Cap Rate 7%
$1,932,543
$1.9M
Cap Rate 9%
$1,503,089
$1.5M
Market Conditions
NOI Build-Up for 6,400 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
$257.3K $40.20/SF
− Vacancy
−$11.3K −$1.77/SF
EGI
$246.0K $38.43/SF
− OpEx
−$110.7K −$17.29/SF
NOI
$135.3K $21.14/SF
Area
Sunnyvale, CA
Vacancy
4.40%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
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%
$2,705,560
Cap Rate 7%
$1,932,543
Cap Rate 9%
$1,503,089
Alternative Uses
Best Use
Apartment 5plus
$1.93M
$1.69M – $2.25M
NOI $135,278 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,676 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 94086, CA
50,175
Population
21,264
Households
2.4
Avg Household Size
34
Median Age
70%
College-Educated
94%
High-School Grad
4.4 sq mi
ZIP Area
11,403
Density / Sq Mi
$180,217
Median Household Income
$113,343
Median Earnings
$2,923
Median Rent
$1,784,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Each residence offers two bedrooms and one bathroom, with shared laundry and assigned tenant parking.
Where is this apartment building located?
The property is located at 926 Tamarack Lane Sunnyvale, CA.
What is the asking price?
The asking price for this property is $3,532,250.
What are key features of this property?
This property features: Eight apartments, each with 2 bedrooms, 1 bathroom and 800 square feet; 6,400 square feet of building area on a 12,297‑square‑foot lot; On‑site laundry room and assigned parking for each tenant
