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Property profile & analytics
OFF-MARKET
Estimated value
$11,005,000
Retail space
11 College Ave Los Gatos, CA 95030-7042
Individually Owned
5-yr Hold
Free & Clear
Property ID
US09-1812188
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
16,389 SF
Lot
0.94 ac (41,033 SF)
Zoning code
CC
APN
529-29-052
UPID
US09-1812188
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
-
Dar Restaurant and Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.38M
CAP Approach
CAP
$6.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.01M
Owner & transaction history
Melissa Thomas · 5 yrs held
Melissa Thomas
since 2020
Last sale
$11.2M
7 recorded transactions
Zoning & alternative use
CC · Los Gatos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$16.8M
+58.5%
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 Los Gatos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Gatos 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
$12,435,000
ML approach
$8,375,000
CAP Approach
CAP Return
Estimation
6%
$7,380,000
6.5%
$6,810,000
7%
$6,325,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,625,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$16,845,000
Change: +59% · Conversion: Moderate
Blend value · Realmo final
$11.01M
Range $9.90M – $12.11M · ±10% · vs last sale $11.20M (Dec 22 2020)
Last sale anchor
$11.20M
Dec 22 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
$671 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$11,652,480
Assessed 2023
Previous assessed
$11,424,000
+2.0% YoY
Assessed land
$6,398,460
Assessed improvement
$5,254,020
Applied tax rate
3.0000
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
1999
Heating
NONE
Total area
16,389 SF
Lot
0.94 ac (41,033 SF)
Zoning code
CC
APN
529-29-052
UPID
US09-1812188
Jurisdiction
SANTA CLARA
Zoning & alternative use
CC · Los Gatos, CA
Zoning CC · permitted uses
CC · Los Gatos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Gatos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.8M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Heating
NONE
Lot
0.94 ac
Current owner
From public records · entity-resolved
Melissa Thomas
Individual
Free & Clear · 5 yrs held
Mailing address
4674 EASTERN AVE N, SEATTLE, WA 98103-6932
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
—
Jane Thomas
—
Deed
related
$9,500,000 · Sunwest Bank
Dec 22, 2020
—
Melissa Thomas
Steven S Thomas
Quit Claim Deed
related
—
Dec 22, 2020
$11,200,000
Jane Thomas
Shari Flick
Grant Deed
—
Oct 8, 2013
—
Flick,david Trust
Flick Family 2000 Trust
Quit Claim Deed
related
—
Feb 28, 2013
—
Shari Flick
Flick,david A
Affidavit Of Death
related
—
Sep 29, 2000
—
Flick Trust
Flick,david A & Shari B
Quit Claim Deed
related
—
Mar 24, 1997
$1,300,000
David A Flick
Puccinelli Trust
Grant Deed
$2,642,500 · Heritage Bank Of Commerce
—
—
Flick D A & S 2000 Family Trust
—
Deed Of Trust
related
$3,500,000 · Wells Fargo Bank
—
—
Flick D & S 2000 Family Trust
—
Deed Of Trust
related
$1,300,000 · First Republic Bank
—
—
Flick,tr
—
Deed Of Trust
related
$2,800,000 · Stancorp Mortgage Investors
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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