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Property profile & analytics
OFF-MARKET
Estimated value
$6,955,000
Office buildings
16795 Lark Ave Los Gatos, CA 95032-7650
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2662646
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
TILT-UP CONCRETE
Total area
22,400 SF
Lot
1.79 ac (77,885 SF)
Zoning code
CM
APN
424-31-066
UPID
US09-2662646
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
-
Chicago Title Company Title Company Escrow Service
-
Laura Peterson - State Farm Insurance Agent Insurance Agency
-
Parks-Council Ann MD Physician
-
Forward Chiropractic Alternative Medicine Practice
-
Sereno - Corporate Office Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.96M
Owner & transaction history
Boccardo Corporation · 9 yrs held
Boccardo Corporation
since 2017
1 recorded transaction
Zoning & alternative use
CM · Los Gatos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
dential Duplex Zone R-M Zone : Multi-Family Residential Zone O Zone : Office Zone C-1 Zone : Neighborhood Commercial Zone C-2 Zone : Central Business District Commercial Zone CH Zone : Restricted Highway Commercial Zone CM Zone : Controlled Manufacturing Zone LM Zone : Commercial-Industrial Zone RC Zone : Resource Conservation Zone Conditional Use Permit Tab…
Zone name
Controlled Manufacturing
General category
INDUSTRIAL
Zone area
47.89 ac
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
$310 / 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
$49,836
Tax year 2024
Assessed value
$4,220,264
Assessed 2024
Previous assessed
$4,220,264
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,487,766
Assessed improvement
$1,732,498
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
22,400 SF
Lot
1.79 ac (77,885 SF)
Zoning code
CM
APN
424-31-066
UPID
US09-2662646
Jurisdiction
SANTA CLARA
Zoning & alternative use
CM · Los Gatos, CAZoning 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
Zoning description
dential Duplex Zone R-M Zone : Multi-Family Residential Zone O Zone : Office Zone C-1 Zone : Neighborhood Commercial Zone C-2 Zone : Central Business District Commercial Zone CH Zone : Restricted Highway Commercial Zone CM Zone : Controlled Manufacturing Zone LM Zone : Commercial-Industrial Zone RC Zone : Resource Conservation Zone Conditional Use Permit Table - To determine if a business is consistent with a particular zone Town of Los G
Zone name
Controlled Manufacturing
General category
INDUSTRIAL
Zone area
47.89 ac
Building & site characteristics
From public records
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Boccardo Corporation
Entity
Mailing address
985 UNIVERSITY AVE STE #12, LOS GATOS, CA 95032-7639
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2017
—
Boccardo Corporation
—
Deed
related
$3,850,000 · Comerica Bank
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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