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Property profile & analytics
OFF-MARKET
Estimated value
$12,000,000
Retail space
1155 Reed Ave Sunnyvale, CA 94086-6888
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-2748924
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
TILT-UP CONCRETE
Total area
19,145 SF
Lot
1.57 ac (68,389 SF)
Zoning code
M1
APN
213-01-003
UPID
US09-2748924
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
-
Peninsula Transmission Services Auto Repair Shop
-
San Jose Pallet Racking Service Material Handling Equipment Supplier
-
San Jose Sprinter Van Repair Services Auto Repair Shop
-
Digitize Scanning San Jose Storage Facility
-
San Jose Sprinter Van Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.00M
Owner & transaction history
Redding Mhp Estates LP · 2 yrs held
Redding Mhp Estates LP
since 2024
Last sale
$12.0M
5 recorded transactions
Zoning & alternative use
M1 · Sunnyvale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$19.7M
+88.8%
Office building
$12.1M
+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
$12,000,000
ML approach
$12,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$10,420,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$19,675,000
Change: +89% · Conversion: Moderate
OFFICE BUILDING
$12,070,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,790,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$12.00M
Range $10.80M – $13.20M · ±10% · vs last sale $12.00M (Mar 15 2024)
Last sale anchor
$12.00M
Mar 15 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
$627 / 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
$516,010
Assessed 2023
Previous assessed
$516,010
+0.0% YoY
Assessed land
$158,086
Assessed improvement
$357,924
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
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
19,145 SF
Lot
1.57 ac (68,389 SF)
Zoning code
M1
APN
213-01-003
UPID
US09-2748924
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
$10.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.7M
OFFICE BUILDING
Est. value
$12.1M
INDUSTRIAL (GENERAL)
Est. value
$8.8M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.57 ac
Current owner
From public records · entity-resolved
Redding Mhp Estates LP
Entity
Free & Clear · 2 yrs held
Mailing address
960 N SAN ANTONIO RD STE #114, LOS ALTOS, CA 94022-1346
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
Mar 15, 2024
$12,000,000
Redding Mhp Estates LP
Yflp Partners LP
Grant Deed
—
Feb 13, 2008
—
Yfm Properties LLC
Yamaoka G & M Family Trust
Grant Deed
—
Aug 26, 2002
—
Yamaoka,tr
Yamaoka,george K & Misako
Quit Claim Deed
related
—
Nov 25, 1992
$596,000
George Yamaoka
Yamaoka,george K
Quit Claim Deed
related
—
—
—
Yamako,tr
—
Deed Of Trust
related
$800,000 · Bank Of Santa Clara
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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