Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1028 Evelyn Ave Sunnyvale, CA 94086-5741

    • Strip malls
    • 12,000 SF
    • 0.61 lot acres
    OFF-MARKET
    Last Sale
    Feb 26, 2025
    $5,975,000
    Value Estimations
    $5,890,000
    Show details
    Cap Rate Potential
    5.2%
    Strip malls
    Location Intelligence
    Property ID
    US09-0481460
    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

    • Anchor Auto Body / Auto Body Shop / Auto Glass Shop

    Property Details for 1028 Evelyn Ave

    Year built
    1955
    Construction
    CONCRETE
    Lot size
    0.61 lot acres
    Property size
    12,000 SF
    Zone code
    M1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    161-35-006
    APU
    16135006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,735,000
      ML approach
      $5,865,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,970,000
      6.5%
      $4,585,000
      7%
      $4,260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,597,000
      Market price range: $4.53M - $51.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunnyvale
    County
    Santa Clara
    State
    California
    Longitude
    -122.047
    Latitude
    37.3832
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $813,605
    $711,901
    $1,525,506
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $615,000
      4.65 Acres

      727 Wolfe Rd

      SHOPPING CENTER, STRIP CENTER • 4.65 Acres
      727 Wolfe Rd, Sunnyvale, CA 94086-8106
      View Details
    • Value Estimation
      $6,990,000
      33,418 SF

      733 Old San Francisco Rd

      SHOPPING CENTER, STRIP CENTER • 33,418 SF
      733 Old San Francisco Rd, Sunnyvale, CA 94086-6509
      View Details
    • Value Estimation
      $1,695,000
      8,470 SF

      747 Old San Francisco Rd

      SHOPPING CENTER, STRIP CENTER • 8,470 SF
      747 Old San Francisco Rd, Sunnyvale, CA 94086
      View Details
    • Value Estimation
      $1,690,000
      8,420 SF

      731 Old San Francisco Rd

      SHOPPING CENTER, STRIP CENTER • 8,420 SF
      731 Old San Francisco Rd, Sunnyvale, CA 94086-6509
      View Details
    • Value Estimation
      $1,155,000
      5,695 SF

      743 Old San Francisco Rd

      SHOPPING CENTER, STRIP CENTER • 5,695 SF
      743 Old San Francisco Rd, Sunnyvale, CA 94086-6509
      View Details
    • Value Estimation
      $3,705,000
      18,768 SF

      888 Old San Francisco Rd

      SHOPPING CENTER, STRIP CENTER • 18,768 SF
      888 Old San Francisco Rd, Sunnyvale, CA 94086-8101
      View Details

    Similar Nearby for Sale

    • $3,950,000
      5,786 SF

      Sunnyvale Restaurant - Prime Location

      Historic Murphy Ave Restaurant, 5,786 SF
      101 Murphy Ave, Sunnyvale, CA 94086
      View Details
    • $3,950,000
      6,079 SF

      Historic Sunnyvale Retail Opportunity

      Rare retail property on historic Murphy Avenue, Sunnyvale.
      101 S Murphy Ave, Sunnyvale, CA 94086
      View Details
    • $1,995,000

      Office Building on Arques Avenue

      Office building for sale in Sunnyvale, California.
      1210 Arques Ave E, Sunnyvale, CA 94086
      View Details
    • $1,990,000

      Sunnyvale Fourplex Investment Opportunity

      Four-unit property in Sunnyvale with remodeled unit and strong rental income.
      750 Calla Dr, Sunnyvale, CA 94086
      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
    • Contact for pricing

      Sunnyvale Land Near Caltrain

      Land near Caltrain with access to retail amenities.
      1188 W Evelyn Ave, Sunnyvale, CA 94086
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Modern Retail Space in Sunnyvale

      New retail spaces in dynamic multi-family project, Sunnyvale, CA.
      1120 Kifer Rd, Sunnyvale, CA 94086
      View Details
    • Contact for pricing
      2,530 SF

      Retail Space in Sunnyvale Cityline

      Retail space in Sunnyvale, near major tech campuses.
      200 W Mc Kinley Ave, Sunnyvale, CA 94086
      View Details
    • $35 SF/Yr
      11,000 SF

      Sunnyvale Retail/Office Space

      Downtown Sunnyvale: Prime Location, Multiple Suites
      260 Sunnyvale Ave, Sunnyvale, CA 94086
      View Details
    • Contact for pricing
      3,215 SF

      Retail Space Near Major Corner

      Single-tenant retail building with open area and storage.
      548-562 S Murphy Ave, Sunnyvale, CA 94086
      View Details
    • Contact for pricing
      750 SF

      Renovated Retail Space Near Caltrain

      Recently renovated retail space close to Caltrain and Apple Park.
      615 Old San Francisco Rd, Sunnyvale, CA 94086
      View Details
    • Contact for pricing
      2,972 SF

      Retail Space Near CityLine Sunnyvale

      Retail space adjacent to CityLine Sunnyvale redevelopment.
      299 W Washington Ave, Sunnyvale, CA 94086
      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.
    1028 Evelyn Ave
    Sunnyvale, CA 94086-5741
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.