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Property profile & analytics
OFF-MARKET
Estimated value
$1,885,000
Industrial properties
1166 Independence Ave Mountain View, CA 94043-1604
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1656292
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1966
Construction
TILT-UP CONCRETE
Total area
3,648 SF
Lot
0.11 ac (4,845 SF)
Zoning code
MM-40
APN
147-03-060
UPID
US09-1656292
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
-
Higgins Analytical, Inc Production Facility
-
Purdy Electronics Corporation Electronics Wholesaler
-
InspiredHere, Inc. Consultant
-
Christopher's Garage Door Repair Mountain View Auto Parts Store
-
Relevant Garage Doors Repairs Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.89M
Owner & transaction history
Covert Courts LLC · 1 yrs held
Covert Courts LLC
since 2024
Last sale
$1.9M
2 recorded transactions
Zoning & alternative use
MM-40 · Mountain View, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to encourage sound industrial development in the city by providing and protecting an environment exclusively for such development, subject to regulations necessary to insure the purity of the air and waters in the bay area, and the protection of nearby residential uses of the land from hazards and noise or other radiated disturbance…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
138.43 ac
Source
Realmo
Top alternative use upside
Office building
$2.5M
+45.8%
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 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
$1,885,000
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,705,000
Current use
OFFICE BUILDING
$2,485,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$1,690,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±10% · vs last sale $1.89M (Oct 17 2024)
Last sale anchor
$1.89M
Oct 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
$517 / 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
$1,348
Tax year 2024
Assessed value
$77,626
Assessed 2024
Previous assessed
$77,626
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$17,182
Assessed improvement
$60,444
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
3,648 SF
Lot
0.11 ac (4,845 SF)
Zoning code
MM-40
APN
147-03-060
UPID
US09-1656292
Jurisdiction
SANTA CLARA
Zoning & alternative use
MM-40 · Mountain View, CAZoning MM-40 · permitted uses
MM-40 · Mountain View, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed to encourage sound industrial development in the city by providing and protecting an environment exclusively for such development, subject to regulations necessary to insure the purity of the air and waters in the bay area, and the protection of nearby residential uses of the land from hazards and noise or other radiated disturbances
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
138.43 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Covert Courts LLC
Entity
Free & Clear · 1 yrs held
Mailing address
838 INDEPENDENCE AVE, MOUNTAIN VIEW, CA 94043-2333
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
$1,885,000
Covert Courts LLC
William Michael Kimes
Grant Deed
—
Jun 18, 2002
—
Kimes Trust
Kimes,lorraine C
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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