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Property profile & analytics
FOR LEASE
Warehouses
1215 Terra Bella Ave Mountain View, CA 94043
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-3210721
For Lease
1 / 2
$51 SF/Yr
1215 Terra Bella Ave, Mountain View, CA 94043
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1974
Construction
TILT-UP CONCRETE
Total area
24,943 SF
Lot
1.69 ac (73,400 SF)
Zoning code
ML
APN
153-14-013
UPID
US09-3210721
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
-
Firewood Corporate Office
-
Red Leader Technologies Research And Product Development
-
MTV Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.62M
Blend (final)
Blend
$3.38M
Owner & transaction history
Bmark 2019-b12 1215 Terra Bella LLC
Bmark 2019-b12 1215 Terra Bella LLC
since 2025
4 recorded transactions
Zoning & alternative use
ML · Mountain View, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.38M
Range $3.04M – $3.71M · ±10%
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
$135 / 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
$15,851
Tax year 2024
Assessed value
$1,191,645
Assessed 2024
Previous assessed
$1,191,645
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$246,875
Assessed improvement
$944,770
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
For Lease
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
2
Total area
24,943 SF
Lot
1.69 ac (73,400 SF)
Zoning code
ML
APN
153-14-013
UPID
US09-3210721
Jurisdiction
SANTA CLARA
Zoning & alternative use
ML · Mountain View, CA
Zoning ML · permitted uses
ML · Mountain View, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountain View. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Lot
1.69 ac
Current owner
From public records · entity-resolved
Bmark 2019-b12 1215 Terra Bella LLC
Entity
Free & Clear · 0 yrs held
Mailing address
235 MONTGOMERY ST STE #415, SAN FRANCISCO, CA 94104-2927
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
—
Bmark 2019-b12 1215 Terra Bella LLC
Bmark 2019-b12 Terra Bella Portfoli
Quitclaim Deed
related
—
May 31, 2019
—
Zic 1215 Terra Bella LLC
Zic 1215 Zic 1215 Terra Bella LLC
Grant Deed
$120,000,000 · Citi Real Estate Funding INC
Nov 30, 2018
—
Zic 1215 Terra Bella LLC
—
Deed
related
$65,000,000 · Goldman Sachs Bank USA
Dec 2, 2016
—
Zic 1215 Terra Bella LLC
Zappettini Investment Co LLC
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.
Try Rey
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