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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Retail space
129 1st St Los Altos, CA 94022-2706
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0670925
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
WOOD FRAME
Total area
2,621 SF
Lot
0.16 ac (7,100 SF)
Zoning code
CD
APN
167-39-044
UPID
US09-0670925
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$760k
Owner & transaction history
129 First Street LLC · 13 yrs held
129 First Street LLC
since 2012
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
by Request
ML approach
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$290 / 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
$32,005
Tax year 2024
Assessed value
$2,568,482
Assessed 2024
Previous assessed
$2,568,482
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,388,369
Assessed improvement
$1,180,113
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
2,621 SF
Lot
0.16 ac (7,100 SF)
Zoning code
CD
APN
167-39-044
UPID
US09-0670925
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.
Building & site characteristics
From public records
Year built
2008
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
129 First Street LLC
Entity
Mailing address
171 MAIN ST #259, LOS ALTOS, CA 94022-2912
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2012
$2,127,500
129 First Street LLC
Herbert,mike C & Michelle B
Grant Deed
—
Oct 23, 2012
—
Mike C Herbert
Stylers Floor Covering INC
Quit Claim Deed
related
—
Jan 23, 2006
$1,100,000
Mike C Herbert
Walter W Andrews
Grant Deed
$813,000 · Bridge Bank NA
Mar 7, 2002
—
Andrews Trust
Andrews,walter W
Quit Claim Deed
related
—
Dec 27, 2001
$287,500
Walter W Andrews
Andrews Trust
Grant Deed
related
$282,500 · Andrews Trust
Dec 12, 2000
—
Andrews Trust
Andrews,walter W
Quit Claim Deed
related
—
Sep 27, 2000
$150,000
Andrews Trust
Yates,judith L
Grant Deed
$103,718 · Washington Mutual Finance
Jun 4, 1999
—
Walter W Andrews
Crane,france E
Grant Deed
related
—
Sep 5, 1996
$75,000
Walter C Andrews
Ruggles,ronald L
Grant Deed
—
Nov 9, 1990
$167,272
Walter R Andrews
First Street Off
Grant Deed
$42,000 · Individual
—
—
Mike C Herbert
—
Deed Of Trust
related
$35,000 · Bridge Bank NA
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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