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Property profile & analytics
FOR LEASE
Strip malls
15525 Union Ave Los Gatos, CA 95032
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2535572
For Lease
1 / 2
$1,075,000
15525 Union Ave, Los Gatos, CA 95032
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Construction
WOOD
Total area
8,184 SF
Lot
5.8 ac (252,779 SF)
Zoning code
CI
APN
523-41-036
UPID
US09-2535572
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
-
CYCLEBAR Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Donahue Schriber Realty Group · 9 yrs held
Donahue Schriber Realty Group
since 2016
7 recorded transactions
Zoning & alternative use
CI · Los Gatos, 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 Gatos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Gatos 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$131 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$24,258,801
Assessed 2023
Previous assessed
$23,783,139
+2.0% YoY
Assessed land
$14,272,262
Assessed improvement
$9,986,539
Applied tax rate
3.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1991
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Units
5
Total area
8,184 SF
Lot
5.8 ac (252,779 SF)
Zoning code
CI
APN
523-41-036
UPID
US09-2535572
Jurisdiction
SANTA CLARA
Zoning & alternative use
CI · Los Gatos, CA
Zoning CI · permitted uses
CI · Los Gatos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Gatos. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
5
Lot
5.8 ac
Current owner
From public records · entity-resolved
Donahue Schriber Realty Group
Entity
Mailing address
325 W WASHINGTON ST #2148, SAN DIEGO, CA 92103-1946
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2017
—
Donahue Schriber Realty Grp LP
—
Loan Modification
related
$50,000,000 · Miscellaneous Ins Co
Dec 6, 2016
—
Donahue Schriber Realty Group
Ds Downing LP
Grant Deed
related
$84,310,000 · Miscellaneous Ins Co
Nov 7, 2013
$11,475,000
Ds Downing LP
Ch Realty IV Of Downing LP
Grant Deed
$11,818,238 · Donahue Schriber Realty Group
Jan 5, 2007
—
Ch Realty IV Of Downing
Malmin Hazel 1999 Trust
Grant Deed
$20,400,000 · Connecticut General Life Ins
Dec 26, 2006
—
Downing Dwayne F & L B Trust
Downing A H JR Living Trust
Quit Claim Deed
related
—
Mar 29, 2000
—
Downing Trust
Downing,dwayne F & Barsanti
Quit Claim Deed
related
—
Dec 10, 1998
$1,050,000
Dwayne Downing
Downing,dave
Quit Claim Deed
related
—
Dec 10, 1998
—
Dwayne Downing
Downing Trust
Quit Claim Deed
related
—
Oct 14, 1997
—
Downing Trust
Downing,arthur H
Quit Claim Deed
related
—
May 21, 1997
—
Downing Trust
Downing,arthur H
Quit Claim Deed
related
$7,000,000 · Nationwide Life Insurance Co
—
—
Downing Trust
—
Deed Of Trust
related
$970,000 · Individual
—
—
Ds Downing LP
—
Loan Modification
related
$19,925,513 · Connecticut General Life Ins
—
—
Downing Trust
—
Deed Of Trust
related
$730,000 · Cupertino Nat'l Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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