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

    962 Weddell Dr Sunnyvale, CA 94089

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,000,000

    20-unit apartment community near Silicon Valley employers.

    Property size:
    8,300 SF

    Property Features for 962 Weddell Dr

    General Information

    Standard status
    Active
    Size
    8,300 SF

    Building Details

    Year built
    1961

    We can help!

    Listing Contact
    Mitchell Zurich
    Mitchell Zurich
    Source: Corcoran

    Listing Agency: MARCUS & MILLICHAP Listing Agent: Mitchell Zurich

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

    Learn more

    Overview

    Sunnyvale Multifamily Investment Opportunity

    The Ponderosa Apartments, located at 962 Weddell Drive in Sunnyvale, California, is a 20-unit apartment community situated on the Sunnyvale/Mountain View border. The property comprises two 10-unit buildings arranged around a pool courtyard. The unit mix features nineteen studio units and one one-bedroom unit, which is occupied by the onsite manager. Onsite amenities include laundry facilities and approximately 27 uncovered parking spaces. The property's location provides access to Highway 101 and State Route 237, facilitating commuting throughout Silicon Valley. It is located near major technology employers, including Google, Apple, Amazon, LinkedIn, and Microsoft, as well as the Moffett Park employment corridor. Residents have convenient access to dining, retail, and entertainment options in Downtown Sunnyvale and Downtown Mountain View. The property represents an opportunity to acquire a multifamily asset with cash flow and rental growth potential.
    Location Intelligence

    Current Use by Public Records

    Stpha Apartment Building Donation Box Charitable Organization

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunnyvale
    County
    Santa Clara
    State
    California
    Longitude
    -122.02598
    Latitude
    37.40025

    Nearby Similar for Sale

    • $6,900,000
      19,966 SF

      Sunnyvale Industrial/R&D Building For Sale

      19,966 SF industrial/R&D building on 0.66 acre lot.
      1290 Reamwood Ave, Sunnyvale, CA 94089
      View Details
    • $349,950

      Turn Key Restaurant For Sale

      Turn-key restaurant with Japanese-style seating and private rooms.
      511 Borregas Ave, Sunnyvale, CA 94085
      View Details
    • $16,500,000
      23,240 SF

      Class A Office Building

      Three-story office building in Perry Park, Sunnyvale.
      815 W Maude Ave, Sunnyvale, CA 94085
      View Details
    • $5,508,000
      13,600 SF

      Sunnyvale Flex Office/Warehouse Space

      Flex space featuring office and warehouse components in Sunnyvale, CA.
      1260 Birchwood Dr, Sunnyvale, CA 94089
      View Details
    • $4,799,999

      Sunnyvale Restaurant Property For Sale

      Two restaurant buildings in a high-traffic Sunnyvale location.
      Borregas Ave, Sunnyvale, CA 94085
      View Details
    • $11,000,000
      19,800 SF

      Sunnyvale Office/Warehouse Buildings For Sale

      Two freestanding office/warehouse buildings in the heart of Silicon Valley.
      1256 Lawrence Expy, Sunnyvale, CA 94085
      View Details
    • Contact for pricing
      15,400 SF

      Sunnyvale Office/R&D Building For Sale

      15,400 SF office/R&D building on 1.11 acre corner parcel.
      1296 Lawrence Station Rd, Sunnyvale, CA 94089
      View Details
    • $489,000

      Sunnyvale Specialty Property for Sale

      Specialty property available in Sunnyvale, California.
      1085 Tasma Dr, Sunnyvale, CA 94089
      View Details
    • $2,250,000

      Sunnyvale Specialty Property For Sale

      Specialty property available in Sunnyvale, California.
      421 E Washington Ave, Sunnyvale, CA 94086
      View Details
    • $4,799,999

      Restaurant Buildings in Central Location

      Two restaurant buildings with high visibility and foot traffic.
      511 Borregas Ave, Sunnyvale, CA 94085
      View Details
    • Contact for pricing
      50,112 SF

      Freestanding Office/R&D Building For Sale

      50,112 SF Office/R&D building with high power and amenities.
      220 Humboldt Ct, Sunnyvale, CA 94089
      View Details
    • $4,500,000
      7,952 SF

      Prime Sunnyvale Location on El Camino

      High-visibility property on El Camino Real near major employers.
      El Camino Real, Sunnyvale, CA 94087
      View Details

    FAQs

    What type of property is this?
    Apartment building - 20-unit apartment community near Silicon Valley employers.
    Where is this apartment building located?
    The property is located at 962 Weddell Dr Sunnyvale, CA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Prime location on the Sunnyvale/Mountain View border, highly desirable area in Silicon Valley.; - Strong in-place cash flow with future rental upside potential.; - Excellent commuter access to Silicon Valley via Highway 101 and State Route 237.
    (650) 391-1824
    Request Owner's contact information
    962 Weddell Dr Sunnyvale, CA 94089
    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.
    962 Weddell Dr
    Sunnyvale, CA 94089
    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
    962 Weddell Dr Sunnyvale, CA 94089
    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
    Mitchell Zurich
    Mitchell Zurich
    Real Estate License ID: 01870648
    (650) 391-1824 (408) 888-9594 (650) 391-1700
    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!