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Property profile & analytics
OFF-MARKET
Estimated value
$75,080,000
Apartment buildings
10200 Miller Ave Cupertino, CA 95014-3439
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2248233
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
121,263 SF
Lot
7.02 ac (305,791 SF)
Zoning code
P(RES
APN
375-03-005
UPID
US09-2248233
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
-
Light On Life Life Coach
-
Gardens of Fontainbleu Apartments Apartment Complex
-
Ajanta Beauty Parlor Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$82.98M
Blend (final)
Blend
$75.08M
Owner & transaction history
Fontainbleu LLC · 14 yrs held
Fontainbleu LLC
since 2011
Last sale
$70.0M
7 recorded transactions
Zoning & alternative use
P(RES · Cupertino, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$124.6M
+145.9%
Office building
$94.1M
+85.6%
Retail stores
$64.9M
+28.0%
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 Cupertino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cupertino 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
$77,350,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$50,685,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$124,620,000
Change: +146% · Conversion: Difficult
OFFICE BUILDING
$94,065,000
Change: +86% · Conversion: Moderate
RETAIL STORES
$64,855,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$75.08M
Range $67.57M – $82.59M · ±10% · vs last sale $70.00M (May 28 2020)
Last sale anchor
$70.00M
May 28 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
$619 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$955,128
Tax year 2024
Assessed value
$75,642,158
Assessed 2024
Previous assessed
$75,642,158
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$57,898,912
Assessed improvement
$17,743,246
Applied tax rate
13.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Stories
2
Units
124
Total area
121,263 SF
Lot
7.02 ac (305,791 SF)
Zoning code
P(RES
APN
375-03-005
UPID
US09-2248233
Jurisdiction
SANTA CLARA
Zoning & alternative use
P(RES · Cupertino, CA
Zoning P(RES · permitted uses
P(RES · Cupertino, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cupertino. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$50.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$124.6M
OFFICE BUILDING
Est. value
$94.1M
RETAIL STORES
Est. value
$64.9M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
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
1963
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
124
Lot
7.02 ac
Current owner
From public records · entity-resolved
Fontainbleu LLC
Entity
Mailing address
1 N B ST STE #4000, SAN MATEO, CA 94401-3992
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2020
—
Preg Emerson LLC
—
Deed
related
$47,706,000 · Cbre Multifamily Cap
Sep 27, 2011
—
Fontainbleu LLC
Bergman R K & J K Trust
Grant Deed
$14,999,900 · Pnc Bank
Jul 22, 1998
$225,000
Rodney K Bergman
Maplewood Associates LP
Grant Deed
related
$100,000 · Comerica Bank California
Dec 11, 1997
$78,500
Bergman,rodney K & Jill K
Coleman Oaks Assoc LP
Trustees Deed
—
Dec 11, 1997
$56,000
Rodney K Bergman
Tanglewood Associates II LP
Grant Deed
—
Dec 11, 1997
$29,000
Rodney K Bergman
Coleman Oaks Assoc
Grant Deed
—
Dec 11, 1997
$93,500
Rodney K Bergman
Fontainbleu Assocites LP
Grant Deed
—
Dec 11, 1997
$171,000
Bergman,rodney K & Jill K
Tanglewood Associates II LP
Trustees Deed
—
Dec 11, 1997
$9,000
Rodney K Bergman
Redwood City Associates LP
Grant Deed
—
Dec 11, 1997
$23,000
Rodney K Bergman
Fontainbleu Investors
Grant Deed
—
Dec 11, 1997
$13,500
Rodney K Bergman
Fontainbleu Associates LP
Grant Deed
—
Dec 11, 1997
$126,500
Rodney K Bergman
Fontainbleu Investors LP
Grant Deed
—
Dec 11, 1997
$50,000
Bergman,rodney K & Jill K
Hansen,christian E
Trustees Deed
—
Dec 11, 1997
$145,000
Bergman,rodney K & Jill K
Redwood City Associates LP
Trustees Deed
—
Dec 11, 1997
$49,500
Christian E Hansen
Fontainbleu Associates
Grant Deed
—
—
—
Preg Emerson LLC
—
Deed Of Trust
related
$47,706,000 · Cbre Multifamily Cap
—
—
Rodney K Bergman
—
Deed Of Trust
related
$986,324 · Tanglewood Associates II
—
—
Rodney K Bergman
—
Deed Of Trust
related
$11,224,500 · Tri Capital Corp
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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