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Property profile & analytics
OFF-MARKET
Estimated value
$5,555,000
Industrial properties
16780 Lark Ave Los Gatos, CA 95032-7603
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-2394443
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Construction
TILT-UP CONCRETE
Total area
27,540 SF
Lot
2.16 ac (94,089 SF)
Zoning code
CM
APN
424-31-035
UPID
US09-2394443
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
-
Sylvia C Team, KW Bay Area Estates Real Estate Agency
-
Mark Von Kaenel & David Giambruno - VKG Real Estate Group Real Estate Agency
-
KW - Bay Area Estates Real Estate Agency
-
about the sylvia c home team Real Estate Agency
-
Judith Vandsburger Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.56M
Owner & transaction history
Lark Avenue LLC · 10 yrs held
Lark Avenue LLC
since 2015
7 recorded transactions
Zoning & alternative use
CM · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,660,000
6.5%
$7,070,000
7%
$6,565,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,040,000
Current use
Blend value · Realmo final
$5.56M
Range $5.00M – $6.11M · ±10%
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
$202 / 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
$7,277,063
Assessed 2023
Previous assessed
$7,134,376
+2.0% YoY
Assessed land
$6,422,955
Assessed improvement
$854,108
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1976
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
2
Total area
27,540 SF
Lot
2.16 ac (94,089 SF)
Zoning code
CM
APN
424-31-035
UPID
US09-2394443
Jurisdiction
SANTA CLARA
Zoning & alternative use
CM · Los Gatos, CA
Zoning CM · permitted uses
CM · 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
INDUSTRIAL (GENERAL) Current
Est. value
$9.0M
INDUSTRIAL (GENERAL) 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
1976
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Lot
2.16 ac
Current owner
From public records · entity-resolved
Lark Avenue LLC
Entity
Mailing address
985 UNIVERSITY AVE STE #12, LOS GATOS, CA 95032-7639
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
—
Lark Avenue LLC
—
Deed
related
$1,000,000 · Comerica Bank
Sep 22, 2015
—
Lark Avenue LLC
Lark Avenue Partners
Quit Claim Deed
—
Dec 16, 2003
$2,600,000
Lark Avenue Partners
Boccardo Corp
Grant Deed
$2,600,000 · James M Sullivan
Nov 20, 1995
—
John E Austin
Austin,marilyn K
Quit Claim Deed
related
—
Nov 2, 1995
—
John E Austin
General Development Co
Grant Deed
related
—
Sep 21, 1995
—
General Development Co
Lark Avenue Associates Ltd
Grant Deed
related
—
—
—
Lark Avenue Asso
—
Deed Of Trust
related
$3,000,000 · Mason Mcduffie F
—
—
General Development Co
—
Deed Of Trust
related
$600,000 · Donald S Harner Pss
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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