Entity Owned Property summary
AI-generated overview
1212 W McKinley Avenue is a multifamily apartment building constructed in 1964, situated on a 0.34-acre lot and containing 10 units. The building’s unit mix includes eight 1-bedroom/1-bathroom floorplans and two 2-bedroom/1-bathroom floorplans. The property is located near major access routes including Highway 101, Highway 237, Highway 85, and El Camino Real, with proximity to employment and destinations associated with Apple, Google, LinkedIn, AMD, Lockheed Martin Space, and NASA Ames Research Center and the broader Moffett Park employment area. It is also described as being within walking distance of Downtown Sunnyvale’s Murphy Avenue dining and retail district, the Sunnyvale Caltrain Station, and Whole Foods, with additional shopping at Sunnyvale Town Center.
Property profile
Verified
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
7,656 SF
Lot
0.34 ac (14,960 SF)
Zoning code
R3
APN
161-20-009
UPID
US09-3301756
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.00M
CAP Approach
CAP
$2.49M
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$3.00M
Owner & transaction history
since 2024
Last sale
$3.0M
3 recorded transactions
Zoning & alternative use
R3 · Sunnyvale, CA
Zoning description
The R-3 medium density residential zoning district is reserved for the construction, use and occupancy of not more than twenty-four dwelling units per acre. (f) The R-4 high density residential zoning district is reserve…
General category
RESIDENTIAL
Top alternative use upside
Office building
$4.8M
+58.5%
Retail stores
$4.2M
+36.9%
Industrial (general)
$3.5M
+15.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 15 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.00M
Value range
$2.70M – $3.30M
±10% around blend
Estimated value / SF
$392 / SF
Confidence
High
15 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$2.70M
blend $3.00M
$3.30M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,656 SF
Lot area
0.34 ac
Year built
1964
Stories
2
APN
161-20-009
Zoning
R3
Assessed value
$1,497,076
Annual tax
$17,642
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.49M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.70M
@ 6.5% CAP return
$2.49M
@ 7% CAP return
$2.31M
4
Sales comparison
Partial preview
Sales approach indication
$3.56M
Weighted, 15 comps · high confidence
Evidence
15 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.8 mi away · 6,595 SF
3.3 mi away · 6,335 SF
4.3 mi away · 6,444 SF
5.3 mi away · 9,220 SF
5.8 mi away · 5,478 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 38 sales
$398
-1%
Submarket 86 sales
$440
-11%
County 711 sales
$418
-6%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $392/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+59%
vs current-use indication
Retail Stores
Industrial (general)
Apartment House (5+ Units) · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 15 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.40%
Implied, in-place cap rate for this other apartment buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.40%
9.0%
NOI (est.)
$210k *
Last sale · Nov 2024
$3.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.89M
Move the market yield to see immediate price impact.
Value / SF
$508
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.90%5.40%5.90%
$189k
$3.86M
$3.50M
$3.20M
$210k
$4.29M
$3.89M
$3.56M
$231k
$4.71M
$4.28M
$3.92M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
15 found
High confidence · county-verified
Closest comparable
$3.95M
2.4 mi · Dec 2025 · $426/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$17,642
Tax year 2024
Assessed value
$1,497,076
Assessed 2024
Previous assessed
$1,497,076
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$535,692
Assessed improvement
$961,384
Applied tax rate
9.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
10
Total area
7,656 SF
Lot
0.34 ac (14,960 SF)
Zoning code
R3
APN
161-20-009
UPID
US09-3301756
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3 · Sunnyvale, CAZoning R3 · permitted uses
R3 · Sunnyvale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The R-3 medium density residential zoning district is reserved for the construction, use and occupancy of not more than twenty-four dwelling units per acre. (f) The R-4 high density residential zoning district is reserve…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
10
Lot
0.34 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R3
RESIDENTIAL
Jurisdiction
Sunnyvale, CA
Recorded code
R3
Official district
R3
Official district profile
What the municipal code says about R3
Zoning description
The R-3 medium density residential zoning district is reserved for the construction, use and occupancy of not more than twenty-four dwelling units per acre. (f) The R-4 high density residential zoning district is reserve…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R3 in Sunnyvale, CA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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