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

    15525 Union Ave Los Gatos, CA 95032

    • Strip malls
    • 8,184 SF
    • 5.80 lot acres
    For Lease
    View listing
    Value Estimations
    $445,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2535572
    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

    • CYCLEBAR / Gym / Indoor Cycling

    Property Details for 15525 Union Ave

    Year built
    1991
    Construction
    WOOD
    Lot size
    5.80 lot acres
    Property size
    8,184 SF
    Zone code
    CI
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    523-41-036
    APU
    52341036

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $451,000
      Market price range: $197k - $452k

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Gatos
    County
    Santa Clara
    State
    California
    Longitude
    -121.932
    Latitude
    37.2423
    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
    $14,272,262
    $9,986,539
    $24,258,801
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $975,000
      26,596 SF

      1500 Pollard Rd

      SHOPPING CENTER, STRIP CENTER • 26,596 SF
      1500 Pollard Rd, Los Gatos, CA 95032-1031
      View Details
    • Value Estimation
      $370,000
      27,350 SF

      1440 Pollard Rd

      SHOPPING CENTER, STRIP CENTER • 27,350 SF
      1440 Pollard Rd, Los Gatos, CA 95032-1031
      View Details
    • Value Estimation
      $270,000
      7,821 SF

      16000 Los Gatos Blvd

      SHOPPING CENTER, STRIP CENTER • 7,821 SF
      16000 Los Gatos Blvd, Los Gatos, CA 95032-3420
      View Details
    • Value Estimation
      $270,000
      5,712 SF

      16100 Los Gatos Blvd

      SHOPPING CENTER, STRIP CENTER • 5,712 SF
      16100 Los Gatos Blvd, Los Gatos, CA 95032-4516
      View Details
    • Value Estimation by Request
      3,300 SF

      16535 Camellia Ter

      SHOPPING CENTER, STRIP CENTER • 3,300 SF
      16535 Camellia Ter, Los Gatos, CA 95032
      View Details
    • Value Estimation
      $470,000
      9,318 SF

      14184 Blossom Hl Rd

      SHOPPING CENTER, STRIP CENTER • 9,318 SF
      14184 Blossom Hl Rd, Los Gatos, CA 95032-5118
      View Details

    Similar Nearby for Sale

    • $3,395,000
      1,225 SF

      Freestanding Office Buildings For Sale

      Two office buildings with parking, leased through January 2025.
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      Land For Sale Los Gatos

      Land available for sale in Los Gatos, California.
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    • $525,000

      14685 Oka Rd 28, Los Gatos, CA 95032

      Commercial land
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    • $1,650,000
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      Los Gatos Residential Acreage

      23-acre parcel in Los Gatos with panoramic views.
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    • $247,000

      Los Gatos Land Opportunity

      Nearly 2 acres of land in Los Gatos.
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    • $16,000,000
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      Los Gatos Land Subdivision Potential

      Prime Los Gatos location with subdivision or estate potential.
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    Similar Nearby for Lease

    • Contact for pricing
      74,199 SF

      Grocery Anchored Shopping Center Space

      Retail spaces available in a busy, grocery-anchored shopping center.
      15521 Union Ave, Los Gatos, CA 95032
      View Details
    • Contact for pricing
      1,120 SF

      Retail Space in Busy Center

      Retail space available in a busy, grocery-anchored shopping center.
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      View Details
    • Contact for pricing
      1,972 SF

      Los Gatos Retail Space Available

      Grocery anchored shopping center with spaces for rent.
      15537-15555 Union Ave, Los Gatos, CA 95032
      View Details
    • Contact for pricing
      2,307 SF

      Los Gatos Restaurant Opportunity

      Second generation restaurant space with dedicated parking and signage.
      16150 Los Gatos Blvd, Los Gatos, CA 95032
      View Details
    • Contact for pricing
      4,032 SF

      Los Gatos Retail Space

      Retail property available for lease in Los Gatos, CA.
      15521-15595 Union Ave, Los Gatos, CA 95032
      View Details
    • Contact for pricing
      972 SF

      Los Gatos Retail/Office Space

      Retail and office spaces available in Los Gatos, CA.
      15495 Los Gatos Blvd, Los Gatos, CA 95032
      View Details

    Property Visit Statistics

    • Visits by month
      6.4k
    • Visitors by month
      5.3k
    • Avg Time on site
      17 min
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    15525 Union Ave
    Los Gatos, CA 95032
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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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