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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    135 Franklin St Mountain View, CA 94041-1480

    • Apartment buildings
    • 78,686 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimations
    $23,890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3629227
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Franklin Street Family Apartments / Apartment Complex / Low Income Housing Program
    • Gripspin Tennis Racquet Stringing Service / Tennis Instructor
    • Gripspin Tennis Racquet Stringing / Sporting Goods Store / Service Establishment
    • Zhone-In / Educational Consultant

    Property Details for 135 Franklin St

    Year built
    2013
    Construction
    WOOD
    Lot size
    1.03 lot acres
    Property size
    78,686 SF
    Zone code
    P(19)
    Property type
    Apartment buildings
    APN
    158-15-025
    APU
    15815025

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $36,795,000
      RETAIL STORES
      $36,440,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mountain View
    County
    Santa Clara
    State
    California
    Longitude
    -122.08
    Latitude
    37.3954
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.94 Acres

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      7,893 SF

      751 Pettis Ave

      APARTMENT HOUSE (5+ UNITS) • 7,893 SF
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      151 Calderon Ave

      APARTMENT HOUSE (5+ UNITS) • 74,512 SF
      151 Calderon Ave, Mountain View, CA 94041-1400
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    • Value Estimation
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      15,000 SF

      1797 California St

      APARTMENT HOUSE (5+ UNITS) • 15,000 SF
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    • Value Estimation
      $600,000
      2,794 SF

      1615 California St

      APARTMENT HOUSE (5+ UNITS) • 2,794 SF
      1615 California St, Mountain View, CA 94041-5502
      View Details
    • Value Estimation
      $1,935,000
      9,680 SF

      56 Ctr St

      APARTMENT HOUSE (5+ UNITS) • 9,680 SF
      56 Ctr St, Mountain View, CA 94041-2339
      View Details

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      Office Space For Sale

      Office property available for sale in Mountain View, CA.
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    • $13,000,000
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      The Gateway: Mountain View Office

      Prime Mountain View Office Building - New Construction
      701-727 Evelyn Ave, Mountain View, CA 94041
      View Details
    • Contact for pricing
      29,466 SF

      Downtown Mountain View Office Building

      Three-story office building in the heart of downtown Mountain View.
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      Commercial Land in Mountain View

      Commercial land available for sale in Mountain View, California.
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    Similar Nearby for Lease

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      61,496 SF

      Creative Office Space in Mountain View

      Sublease available near Downtown Mountain View with creative improvements.
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      Flex space near downtown Mountain View with warehouse access.
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    • $95 SF/Yr
      12,154 SF

      Class A Office Space Available

      73,499 SF of Class A office space for rent.
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    • $48 SF/Yr
      3,000 SF

      Prime Retail Space in Mountain View

      Retail space with open floor plan in downtown Mountain View.
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    • $5 SF/Yr
      26,078 SF

      Class A Office Sublease

      Plug and play office space with excellent transportation access.
      250 Bryant St, Mountain View, CA 94041
      View Details
    • $87 SF/Yr
      33,557 SF

      Available Office Space in Mountain

      33,557 SF office space available for lease.
      200 W Evelyn Ave, Mountain View, CA 94041
      View Details
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    135 Franklin St
    Mountain View, CA 94041-1480
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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