Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1240 Elko Dr Sunnyvale, CA 94089
    Property profile & analytics

    1240 Elko Dr, Sunnyvale, CA 94089

    View on Map
    • Warehouses
    • 17,600 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1240 Elko Dr

    Property type
    Warehouses
    Property subtype
    Life science properties

    Description

    This exceptional 17,600-square-foot industrial property, located at 1240 Elko Drive in Sunnyvale, California, presents a significant opportunity for businesses seeking a versatile and spacious facility. The single-tenant building boasts a functional design ideal for warehouse and/or research and development operations. The property features a single story with a generous 15-foot ceiling height, providing ample vertical space for storage or specialized equipment. Access is convenient with two drive-in doors for efficient loading and unloading. Ample parking is available, with a ratio of 3 spaces per 1,000 square feet. The entire 17,600 square feet is currently vacant and ready for immediate occupancy. The building is equipped with robust electrical service, including 1200 amps, 120/208 volts, and 3-phase power, ensuring sufficient capacity for a variety of industrial applications. Situated in Santa Clara County, this property offers easy access to major transportation arteries, making it an ideal location for businesses needing efficient logistics and distribution. The property's zoning allows for both warehouse and R&D uses, providing flexibility for a range of potential tenants. This is a rare opportunity to secure a substantial, well-appointed industrial space in the thriving Sunnyvale market. The property is located in zip code 94089.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sunnyvale
    County
    Santa Clara
    State
    California
    Longitude
    -121.989
    Latitude
    37.4061

    Comparable in this City

    • Value Estimation by Request
      19,800 SF

      1252 Lawrence Station Rd

      Distribution properties
      1252 Lawrence Station Rd, Sunnyvale, CA 94089
      View Details
    • Value Estimation by Request
      20,377 SF

      1287 Anvilwood Ave

      Life science properties
      1287 Anvilwood Ave, Sunnyvale, CA 94089
      View Details
    • Value Estimation by Request
      25,400 SF

      236 Caribbean Dr

      Life science properties
      236 Caribbean Dr, Sunnyvale, CA 94089
      View Details
    • Value Estimation
      $2,300,000
      100,091 SF

      1212 Bordeaux Dr

      R&D FACILITY, LABS, PHARMA
      1212 Bordeaux Dr, Sunnyvale, CA 94089-1202
      View Details
    • Value Estimation
      $1,920,000
      175,082 SF

      809 11th Ave

      R&D FACILITY, LABS, PHARMA
      809 11th Ave, Sunnyvale, CA 94089-4731
      View Details
    • Value Estimation by Request
      43,824 SF

      894 Ross Dr Ste, Unit 201

      R&D FACILITY, LABS, PHARMA
      894 Ross Dr Ste, Sunnyvale, CA 94089-1404
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,004 SF

      Sunnyvale Flex Space Available

      Flex space available in Sunnyvale with leaseback opportunity.
      1246 Birchwood Dr, Sunnyvale, CA 94089
      View Details
    • Contact for pricing

      Move-in Ready Industrial/Flex Unit

      Functional industrial condo with office, warehouse, and mezzanine storage.
      M-233 E Weddell Dr, Sunnyvale, CA 94089
      View Details
    • $4,995,000
      13,600 SF

      Sunnyvale Flex Office/Warehouse Space

      Flex space with office and warehouse components in Sunnyvale.
      1260 Birchwood Dr, Sunnyvale, CA 94089
      View Details
    • Contact for pricing
      134,385 SF

      Sunnyvale Industrial Property Opportunity

      Prime Silicon Valley location with extremely low vacancy rates.
      1276 Reamwood Ave, Sunnyvale, CA 94089
      View Details
    • Contact for pricing
      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 94089
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Industrial Property with Freeway Frontage

      Divisible industrial property featuring dock doors and paved, fenced yard.
      327 E Weddell Dr, Sunnyvale, CA 94089
      View Details
    • Contact for pricing
      5,121 SF

      Sunnyvale Flex Space Available

      Flex space featuring offices, conference room, and warehouse components.
      1253-1259 Reamwood Ave, Sunnyvale, CA 94089
      View Details
    • $1.99 SF/Yr
      24,743 SF

      Moffett Park Office/Warehouse Space

      24,743 RSF office and warehouse space for lease.
      1329 Moffett Park Dr, Sunnyvale, CA 94089
      View Details
    • $6,960 /Mo
      28,754 SF

      Sunnyvale Commercial Space with Yard

      19,966 SF commercial building with fenced yard for lease.
      1290 Reamwood Ave, Sunnyvale, CA 94089
      View Details
    • Contact for pricing
      17,610 SF

      Modern Flex and Industrial Spaces

      R&D, flex, and industrial spaces with modern improvements.
      1257 Reamwood Ave, Sunnyvale, CA 94089
      View Details
    Request Owner's contact information
    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.
    1240 Elko 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
    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

    Thank You for Inquiry
    1240 Elko Dr, Sunnyvale, CA, 94089
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!