New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,835,000
Office buildings
121 1st St Los Altos, CA 94022-2706
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0670923
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
CONCRETE
Total area
3,363 SF
Lot
0.16 ac (7,093 SF)
Zoning code
CD
APN
167-39-126
UPID
US09-0670923
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
-
Los Altos Vault & Safe Deposit Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.77M
Blend (final)
Blend
$4.84M
Owner & transaction history
121 First Street LLC · 5 yrs held
121 First Street LLC
since 2020
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
CD · Los Altos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Altos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Altos 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
$5,470,000
ML approach
$5,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,040,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,455,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.84M
Range $4.35M – $5.32M · ±10% · vs last sale $4.34M (Nov 24 2020)
Last sale anchor
$4.34M
Nov 24 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
$1,438 / 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
$54,005
Tax year 2024
Assessed value
$4,608,825
Assessed 2024
Previous assessed
$4,608,825
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$4,234,219
Assessed improvement
$374,606
Applied tax rate
11.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
3,363 SF
Lot
0.16 ac (7,093 SF)
Zoning code
CD
APN
167-39-126
UPID
US09-0670923
Jurisdiction
SANTA CLARA
Zoning & alternative use
CD · Los Altos, CA
Zoning CD · permitted uses
CD · Los Altos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Altos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
OFFICE BUILDING 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
2003
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
121 First Street LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4966 EL CAMINO REAL STE #209, LOS ALTOS, CA 94022-1458
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2023
—
121 First Street LLC
—
Deed
related
$2,500,000 · Heritage Bank Of Commerce
Nov 24, 2020
$4,343,000
121 First Street LLC
Creative Urban Investments LLC
Grant Deed
—
May 23, 2016
—
Creative Urban Investments LLC
Mayan Group LLC
Grant Deed
—
Jan 6, 2016
—
Betine Lee
Colombi,gerald
Affidavit Of Death
related
—
Aug 10, 2004
—
Colombi-lee,tr
Lee,betine
Quit Claim Deed
related
—
Aug 10, 2004
$268,000
Le Betine
Mayan Group LLC
Trustees Deed
$1,510,000 · Bank Of The West
Dec 24, 2001
—
Mayan Group LLC
—
Trustees Deed
related
$1,260,000 · United Commercial Bank
Jul 12, 2000
—
Mayan Group LLC
L E E Associates LP
Grant Deed
related
—
—
—
Lee Associates L
—
Deed Of Trust
related
$350,000 · Individual
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 121 1st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
