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Property profile & analytics
OFF-MARKET
Estimated value
$100,000,000
Retail space
1077 Arques Ave Sunnyvale, CA 94085-3902
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2083666
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
TILT-UP CONCRETE
Total area
152,300 SF
Lot
13.59 ac (591,980 SF)
Zoning code
M1
APN
205-25-006
UPID
US09-2083666
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
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$100.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$100.00M
Owner & transaction history
Applied Materials INC · 1 yrs held
Applied Materials INC
since 2024
Last sale
$100.0M
7 recorded transactions
Zoning & alternative use
M1 · Sunnyvale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$156.5M
+88.8%
Office building
$96.0M
+15.8%
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 Sunnyvale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunnyvale 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
$100,000,000
ML approach
$100,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$82,890,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$156,515,000
Change: +89% · Conversion: Moderate
OFFICE BUILDING
$96,005,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$69,920,000
Change: -16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$66,955,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$100.00M
Range $90.00M – $110.00M · ±10% · vs last sale $100.00M (Oct 2 2024)
Last sale anchor
$100.00M
Oct 2 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
$657 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$21,101,081
Assessed 2024
Previous assessed
$21,101,081
+0.0% YoY
Assessed land
$14,691,808
Assessed improvement
$6,409,273
Applied tax rate
9.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
152,300 SF
Lot
13.59 ac (591,980 SF)
Zoning code
M1
APN
205-25-006
UPID
US09-2083666
Jurisdiction
SANTA CLARA
Zoning & alternative use
M1 · Sunnyvale, CA
Zoning M1 · permitted uses
M1 · Sunnyvale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sunnyvale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$82.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$156.5M
OFFICE BUILDING
Est. value
$96.0M
INDUSTRIAL (GENERAL)
Est. value
$69.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$67.0M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
13.59 ac
Current owner
From public records · entity-resolved
Applied Materials INC
Entity
Free & Clear · 1 yrs held
Mailing address
3050 BOWERS AVE STE #1100, SANTA CLARA, CA 95054-3201
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
$100,000,000
Applied Materials INC
Robert N Conrad
Grant Deed
—
Jul 11, 2023
—
Robert Patrick Wise
Robert N Conrad
Agreement Of Sale
—
Nov 10, 2021
—
Alexandra A Conrad
Pamela Conrad Rosenberg
Intrafamily Transfer
related
—
Dec 22, 2020
—
Conrad,a A Separate Livi Trust
Alexandra Conrad
Correction Deed
related
—
Dec 16, 2020
—
Alexandra Conrad
Gst Robert E W Exempt Trust
Correction Deed
—
Aug 9, 2010
—
Conrad Pamela 2010 Trust
Wise Trust
Quit Claim Deed
related
—
Dec 1, 2008
—
Robert P Wise
Wise,robert A
Quit Claim Deed
—
Jul 30, 2008
—
Jennifer L Wise
Wise,patricia D
Quit Claim Deed
—
May 16, 2007
—
Robert A Wise
Wise,patricia D
Quit Claim Deed
related
—
Nov 20, 1992
—
Wise Trust
Wise,robert&mill
Quit Claim Deed
related
—
Nov 3, 1992
—
Robert Wise
Wise Robert E Tr
Quit Claim 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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