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Property profile & analytics
OFF-MARKET
Estimated value
$101,100,000
Apartment buildings
1030 Castro St Mountain View, CA 94040-2696
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5178937
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2017
Construction
WOOD
Total area
188,266 SF
Lot
1.92 ac (83,460 SF)
Zoning code
P38
APN
189-01-157
UPID
US09-5178937
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
-
Le's Alterations (Bike/Boat/Book/etc) Store
-
Tanya's Hair Design Hair Salon Nail Salon
-
Air Ducts Pro Mountain View HVAC Service
-
ARLO Mountain View Apartment Complex
-
Oh Honey Macaron Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$101.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$102.39M
Blend (final)
Blend
$101.10M
Owner & transaction history
Essex Mountainview Owner LLC · 2 yrs held
Essex Mountainview Owner LLC
since 2024
Last sale
$101.1M
5 recorded transactions
Zoning & alternative use
P38 · Mountain View, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$88.0M
+8.4%
Retail stores
$87.2M
+7.3%
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 Mountain View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountain View 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
$101,100,000
ML approach
$101,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$81,255,000
Current use
INDUSTRIAL (GENERAL)
$88,040,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$87,190,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$66,925,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$101.10M
Range $90.99M – $111.21M · ±10% · vs last sale $101.10M (May 17 2024)
Last sale anchor
$101.10M
May 17 2024
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
$537 / 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
$1,180,644
Tax year 2024
Assessed value
$101,863,488
Assessed 2024
Previous assessed
$101,863,488
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$21,050,893
Assessed improvement
$80,812,595
Applied tax rate
5.0000
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
2017
Construction
WOOD
Heating
NONE
Stories
4
Units
164
Total area
188,266 SF
Lot
1.92 ac (83,460 SF)
Zoning code
P38
APN
189-01-157
UPID
US09-5178937
Jurisdiction
SANTA CLARA
Zoning & alternative use
P38 · Mountain View, CA
Zoning P38 · permitted uses
P38 · Mountain View, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountain View. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$81.3M
INDUSTRIAL (GENERAL)
Est. value
$88.0M
RETAIL STORES
Est. value
$87.2M
WAREHOUSE, STORAGE
Est. value
$66.9M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
2017
Construction
WOOD
Heating
NONE
Stories
4
Units
164
Lot
1.92 ac
Current owner
From public records · entity-resolved
Essex Mountainview Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1100 PARK PL STE #200, SAN MATEO, CA 94403-7107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
$101,100,000
Essex Mountainview Owner LLC
Cv Mountain View LLC
Grant Deed
—
Mar 26, 2020
—
Cv Mountain View LLC
—
Deed
related
$76,154,880 · Jp Morgan Chase Bk
Oct 19, 2018
—
Cv Mountain View LLC
—
Deed
related
$73,473,815 · Fifth Third Bk
—
—
Cv Mountain View LLC
—
Loan Modification
related
$76,154,880 · Jp Morgan Chase Bk
—
—
Cv Mountain View LLC
—
Loan Modification
related
$73,473,815 · Fifth Third Bk
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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