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    Property profile & analytics

    1503 Grant Rd Mountain View, CA 94040-3292

    • Office buildings
    • 1,397 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    9.9%
    Office buildings
    Location Intelligence
    Property ID
    US10-2990465
    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

    • Smith Brian E MD / Doctor
    • JumpstartMD / Weight Loss Service / Health Consultant
    • Camino Counseling Services / Mental Health Service
    • Gable Judith S / Social Worker
    • Momentum for Mental Health Mountain View (North County Outpatient Program) / Mental Health Clinic

    Property Details for 1503 Grant Rd

    Year built
    1946
    Construction
    WOOD
    Lot size
    0.36 lot acres
    Property size
    1,397 SF
    Zone code
    P(26)
    Property type
    Office buildings
    APN
    197-41-072
    APU
    19741072

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $525,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $875,000
      6.5%
      $805,000
      7%
      $750,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $633,000
      Market price range: $97.9k - $633k

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain View
    County
    Santa Clara
    State
    California
    Longitude
    -122.075
    Latitude
    37.3765
    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
    2024
    $19,779
    $1,655,487
    $5,886
    $1,661,373
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $645,000
      10,770 SF

      1451 Grant Rd

      OFFICE BUILDING • 10,770 SF
      1451 Grant Rd, Mountain View, CA 94040-5214
      View Details
    • Value Estimation
      $485,000
      4,691 SF

      2500 Hospital Dr

      OFFICE BUILDING • 4,691 SF
      2500 Hospital Dr, Mountain View, CA 94040-4106
      View Details
    • Value Estimation
      $700,000
      4,151 SF

      2500 Hospital Dr

      OFFICE BUILDING • 4,151 SF
      2500 Hospital Dr, Mountain View, CA 94040-4106
      View Details
    • Value Estimation
      $490,000
      10,964 SF

      608 San Antonio Rd

      OFFICE BUILDING • 10,964 SF
      608 San Antonio Rd, Mountain View, CA 94040-1304
      View Details
    • Value Estimation
      $330,000
      720 SF

      412 El Camino Real

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 720 SF
      412 El Camino Real, Mountain View, CA 94040-2610
      View Details
    • Value Estimation by Request
      7,779 SF

      590 El Camino Real

      OFFICE BUILDING • 7,779 SF
      590 El Camino Real, Mountain View, CA 94040-2612
      View Details

    Similar Nearby for Sale

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      Silicon Valley medical office, strong NOI, excellent location.
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    • $5,990,000
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      Retail Property in Silicon Valley

      NNN lease with corporate guaranty in the heart of Silicon Valley.
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      2,605 SF

      Updated Duplex in Mountain View

      Remodeled duplex in a prime Mountain View location.
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    • $6,250,000
      6,678 SF

      Established O'Reilly's Auto Parts Location

      Long-term corporate guaranteed net lease investment property.
      170 E El Camino Real, Mountain View, CA 94040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,048 SF

      Mixed-Use Development Near CalTrain

      Mixed-use property with office, hotel, and retail components for lease.
      405-423 San Antonio Rd, Mountain View, CA 94040
      View Details
    • Contact for pricing
      5,096 SF

      Mixed-Use Development Near Caltrain

      Mixed-use property with office, hotel, and retail spaces for lease.
      409 San Antonio Rd, Mountain View, CA 94040
      View Details
    • Contact for pricing
      39,834 SF

      Mountain View Office Space Sublease

      Office space available for sublease in Mountain View, California.
      391 San Antonio Rd, Mountain View, CA 94040
      View Details
    • $5 SF/Yr
      5,685 SF

      Mountain View Class A Office

      Class A office space for lease in Mountain View.
      1477-1503 Grant Rd, Mountain View, CA 94040
      View Details
    • Contact for pricing
      5,340 SF

      Prime Mountain View Executive Suites

      5,340 SF Office Space Available
      1172-1174 Castro St, Mountain View, CA 94040
      View Details
    • Contact for pricing
      2,966 SF

      Freestanding Office Space on El Camino

      Office space with signage and professional build-out available for rent.
      1134-1150 W El Camino Real, Mountain View, CA 94040
      View Details

    Property Visit Statistics

    • Visits by month
      5.0k
    • Visitors by month
      3.2k
    • Avg Time on site
      22 min
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    1503 Grant Rd
    Mountain View, CA 94040-3292
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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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