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Property profile & analytics
OFF-MARKET
Estimated value
$4,770,000
Office buildings
101 1st St Los Altos, CA 94022-2750
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-0156768
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
3,264 SF
Lot
0.16 ac (7,100 SF)
Zoning code
CD
APN
167-39-127
UPID
US09-0156768
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Otopy, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
TrueArtists.com Association / Organization
-
Cooper Ventures LLC Financial Advisor
-
Lumen Systems Inc (Bike/Boat/Book/etc) Store Corporate Office
-
neweraconsulting Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.60M
Blend (final)
Blend
$4.77M
Owner & transaction history
121 First Street LLC · 5 yrs held
121 First Street LLC
since 2020
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
CD · Los Altos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Altos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Altos submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,360,000
ML approach
$5,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,920,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,355,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.77M
Range $4.29M – $5.25M · ±10% · vs last sale $4.26M (Nov 24 2020)
Last sale anchor
$4.26M
Nov 24 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,461 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Assessed value
$4,428,982
Assessed 2023
Previous assessed
$4,342,140
+2.0% YoY
Assessed land
$4,156,398
Assessed improvement
$272,584
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Heating
NONE
Stories
2
Units
2
Total area
3,264 SF
Lot
0.16 ac (7,100 SF)
Zoning code
CD
APN
167-39-127
UPID
US09-0156768
Jurisdiction
SANTA CLARA
Zoning & alternative use
CD · Los Altos, CA
Zoning CD · permitted uses
CD · Los Altos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Altos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
2
Units
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
121 First Street LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4966 EL CAMINO REAL STE #209, LOS ALTOS, CA 94022-1458
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2023
—
121 First Street LLC
—
Deed
related
$2,500,000 · Heritage Bank Of Commerce
Nov 24, 2020
$4,257,000
121 First Street LLC
101 First Street LLC
Grant Deed
—
Jan 18, 2017
$4,666,000
101 First Street LLC
Ziff Family R Rvocarle Trust
Grant Deed
—
Jan 6, 2015
—
Ziff Family 2010 Trust
Ziff,harvey L & Linda J
Quit Claim Deed
related
—
Aug 27, 2010
$1,825,000
Harvey L Ziff
Sieber,michael K
Grant Deed
$250,000 · Michael K Sieber
Aug 16, 2007
—
Michael K Sieber
Mayan Group LLC
Grant Deed
$1,340,000 · Lehman Brothers Bank Fsb
Jul 12, 2000
—
Mayan Group LLC
L E E Associates LP
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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