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Property profile & analytics
OFF-MARKET
Estimated value
$10,895,000
Retail space
16151 Los Gatos Blvd Los Gatos, CA 95032-4515
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5349797
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Total area
25,744 SF
Lot
3.52 ac (153,331 SF)
Zoning code
CH
APN
529-16-040
UPID
US09-5349797
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
$9.03M
CAP Approach
CAP
$10.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.90M
Owner & transaction history
Shp Jj LLC · 3 yrs held
Shp Jj LLC
since 2022
Last sale
$11.3M
5 recorded transactions
Zoning & alternative use
CH · 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
Method
Estimation
Statistic approach
$10,350,000
ML approach
$9,030,000
CAP Approach
CAP Return
Estimation
6%
$11,590,000
6.5%
$10,700,000
7%
$9,935,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,695,000
Current use
Blend value · Realmo final
$10.90M
Range $9.81M – $11.98M · ±10% · vs last sale $11.27M (Aug 16 2022)
Last sale anchor
$11.27M
Aug 16 2022
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
$423 / 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
$230,043
Tax year 2024
Assessed value
$19,143,360
Assessed 2024
Previous assessed
$19,143,360
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$18,727,200
Assessed improvement
$416,160
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1959
Heating
NONE
Cooling
NONE
Units
3
Total area
25,744 SF
Lot
3.52 ac (153,331 SF)
Zoning code
CH
APN
529-16-040
UPID
US09-5349797
Jurisdiction
SANTA CLARA
Zoning & alternative use
CH · Los Gatos, CA
Zoning CH · permitted uses
CH · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.7M
RETAIL STORES Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Cooling
Yes
Units
3
Lot
3.52 ac
Current owner
From public records · entity-resolved
Shp Jj LLC
Entity
Mailing address
2600 EL CAMINO REAL STE #410, PALO ALTO, CA 94306-1719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2022
—
Shp Jj LLC
Shp Westshore LLC
Intrafamily Transfer
related
$5,455,600 · Summit State Bank
May 19, 2022
$11,270,000
Shp Westshore LLC
John Thomas
Grant Deed
—
Feb 2, 2022
—
Edward Joseph Bowen III
Edward Joseph Bowen III
Intrafamily Transfer
related
—
Nov 18, 2019
—
Bowen Family Living Trust
Nancy R Bowen
Quit Claim Deed
related
—
Apr 5, 1995
—
Nancy R Bowen
Bowden Trust
Grant Deed
related
—
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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