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    Property profile & analytics

    1030 Castro St Mountain View, CA 94040-2696

    • Apartment buildings
    • 188,266 SF
    • 1.92 lot acres
    OFF-MARKET
    Last Sale
    May 17, 2024
    $101,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5178937
    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

    • 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

    Property Details for 1030 Castro St

    Year built
    2017
    Construction
    WOOD
    Lot size
    1.92 lot acres
    Property size
    188,266 SF
    Zone code
    P38
    Property type
    Apartment buildings
    APN
    189-01-157
    APU
    18901157

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market
      ML approach
      Off market

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $102,390,000
      Market price range: $28.6M - $102M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain View
    County
    Santa Clara
    State
    California
    Longitude
    -122.085
    Latitude
    37.3851
    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
    2024
    $1,180,644
    $21,050,893
    $80,812,595
    $101,863,488
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $635,000
      2.14 Acres

      2400 El Camino Real

      APARTMENT HOUSE (5+ UNITS) • 2.14 Acres
      2400 El Camino Real, Mountain View, CA 94040-4720
      View Details
    • Value Estimation
      $6,890,000
      37,823 SF

      1571 El Camino Real

      APARTMENT HOUSE (5+ UNITS) • 37,823 SF
      1571 El Camino Real, Mountain View, CA 94040-2417
      View Details
    • Value Estimation
      $19,810,000
      116,311 SF

      1101 Grant Rd

      APARTMENT HOUSE (5+ UNITS) • 116,311 SF
      1101 Grant Rd, Mountain View, CA 94040-3260
      View Details
    • Value Estimation
      $18,770,000
      81,824 SF

      877 Heatherstone Way

      APARTMENT HOUSE (5+ UNITS) • 81,824 SF
      877 Heatherstone Way, Mountain View, CA 94040-3524
      View Details
    • Value Estimation
      $3,430,000
      15,756 SF

      230 Monroe Dr

      APARTMENT HOUSE (5+ UNITS) • 15,756 SF
      230 Monroe Dr, Mountain View, CA 94040-1066
      View Details
    • Value Estimation
      $1,990,000
      8,394 SF

      1349 Park Dr

      APARTMENT HOUSE (5+ UNITS) • 8,394 SF
      1349 Park Dr, Mountain View, CA 94040-2432
      View Details

    Similar Nearby for Sale

    • $8,928,000
      22,222 SF

      Mountain View Multifamily Investment Opportunity

      23-unit multifamily property in prime Mountain View location.
      1920 Latham St, Mountain View, CA 94040
      View Details
    • $13,500,000
      56,215 SF

      61-Unit Apartment Community For Sale

      61-unit apartment community in Mountain View, near Downtown and Cuesta Park.
      1140 Castro St, Mountain View, CA 94040
      View Details
    • $3,900,000
      5,800 SF

      Mountain View Multifamily Investment Opportunity

      Well-maintained 10-unit apartment building in prime Mountain View location.
      470 Del Medio Ave, Mountain View, CA 94040
      View Details
    • $1,400,000
      1,300 SF

      Turnkey Restaurant Opportunity

      Fully-equipped restaurant space on busy El Camino Real.
      1405 El Camino Real, Mountain View, CA 94040
      View Details
    • Contact for pricing
      4,863 SF

      Retail Property in Silicon Valley

      NNN lease with corporate guaranty in the heart of Silicon Valley.
      2496 W El Camino Real, Mountain View, CA 94040
      View Details
    • $950,000
      900 SF

      Mountain View Commercial Opportunity

      Restaurant, dental office, or retail opportunity on El Camino.
      1407 El Camino Real, Mountain View, CA 94040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,434 SF

      Mountain View Office Space Sublease

      Office space available for sublease in Mountain View, California.
      391 San Antonio Rd, Mountain View, CA 94040
      View Details
    • Contact for pricing
      2,700 SF

      Mountain View Office Space Available

      2700 SF office space for rent in Mountain View.
      2570 West El Camino Real, Mountain View, CA 94040
      View Details
    • Contact for pricing
      5,145 SF

      Retail Space Near Major Tenants

      Retail spaces available near Whole Foods, Target, and Citibank.
      612 San Antonio Rd, Mountain View, CA 94040
      View Details
    • $2 SF/Yr

      Retail Building on El Camino

      Large retail space available with prominent signage and parking.
      1952 W El Camino Real, Mountain View, CA 94040
      View Details
    • Contact for pricing
      5,685 SF

      Mountain View Class A Office

      Class A office space for lease in Mountain View.
      1477-1503 Grant Rd, Mountain View, CA 94040
      View Details
    • Contact for pricing
      2,567 SF

      Retail Space in Mountain View

      Retail space available for lease in Mountain View, CA.
      1350 Grant Rd, Mountain View, CA 94040
      View Details
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    Mountain View, CA 94040-2696
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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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