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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1001 N Rengstorff Ave Mountain View, CA 94043

    • Commercial real estate
    • 12,853 SF
    • 0.72 lot acres
    For Lease
    View listing
    $3 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2014923
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1001 N Rengstorff Ave

    Year built
    1985
    Lot size
    0.72 lot acres
    Property size
    12,853 SF
    Property type
    Commercial real estate

    Description

    This exceptional 12,853 square foot executive office building, located at 1001 N Rengstorff Ave in Mountain View, CA 94043, presents a compelling investment opportunity. Built in 1985, this two-story building sits on a 0.719-acre lot and offers significant upside potential. Currently 46% occupied, the property boasts a strong anchor tenant on the first floor – a publicly traded company with excellent credit – generating $416,000 in annual gross rental income with eight years remaining on their lease. The second floor, comprising 6,909 square feet, is available for immediate occupancy by an owner-user or for lease to a new tenant. This presents an ideal scenario for securing an SBA loan with only a 10% down payment. The building features a sprinkler system and enjoys convenient access to Highway 101, enhancing its appeal and accessibility. This property offers a rare blend of immediate income generation and long-term growth potential in a highly desirable location within Santa Clara County. The building's solid foundation and established tenancy make it an attractive investment for both seasoned and emerging investors. Don't miss this chance to acquire a prime asset in the thriving Silicon Valley market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mountain View
    County
    Santa Clara
    State
    California
    Longitude
    -122.09285
    Latitude
    37.419281

    Comparable in this City

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      Class A Office/R&D Condo

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      Mountain View Industrial Space

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    Similar Nearby for Sale

    • $18,000,000
      1.52 Acres

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      Prime location, value-add opportunity.
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      View Details
    • $9,500,000
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      Mountain View Executive Office Building

      Prime Mountain View Office, 37,461 SF
      975 Terra Bella Ave, Mountain View, CA 94043
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    • $2,348,950
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      Two Office Buildings in Silicon Valley

      Two office buildings in the heart of Silicon Valley.
      Moffett Blvd, Mountain View, CA 94043
      View Details
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      5,000 SF

      Freestanding Office Building For Sale

      Freestanding office building with easy highway access and parking.
      1050 Independence Ave, Mountain View, CA 94043
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      2,548 SF

      Class A Office/R&D Condo

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      455 N Whisman Rd, Mountain View, CA 94043
      View Details
    • $7,850,000

      Mountain View Investment Opportunity

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    Similar Nearby for Lease

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      Freestanding Building with Hardware Lab

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      New Class A Office Building

      New construction office building with flexible design in Mountain View.
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      Class A Office Space Available

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    Property Visit Statistics

    • Visits by month
      60.3k
    • Visitors by month
      41.2k
    • Avg Time on site
      12 min
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    1001 N Rengstorff Ave
    Mountain View, CA 94043
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    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
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