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    Property profile & analytics

    191 El Camino Real Mountain View, CA 94040-2724

    • Apartment buildings
    • 1,968 SF
    • 17.34 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    3.5%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-5363988
    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

    • Coco Housecleaning LLC / (Bike/Boat/Book/etc) Store
    • Space 308 / Campground & RV Park
    • SPC 107 / Apartment Building
    • SPC 147 / Housing Complex
    • Taxi Mountain View / Courier Service

    Property Details for 191 El Camino Real

    Year built
    1963
    Lot size
    17.34 lot acres
    Property size
    1,968 SF
    Zone code
    RMH
    Property type
    Apartment buildings
    APN
    197-42-006
    APU
    19742006

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $625,000
      6.5%
      $575,000
      7%
      $535,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $850,000
      Current use
      RETAIL STORES
      $910,000
      Change: +7% Conversion: Difficult
      WAREHOUSE, STORAGE
      $700,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain View
    County
    Santa Clara
    State
    California
    Longitude
    -122.07
    Latitude
    37.3768
    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
    2024
    $161,266
    $9,391,674
    $3,564,766
    $12,956,440
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,565,000
      11,648 SF

      1194 Boranda Ave

      APARTMENT HOUSE (5+ UNITS) • 11,648 SF
      1194 Boranda Ave, Mountain View, CA 94040-3170
      View Details
    • Value Estimation
      $1,905,000
      15,560 SF

      2040 California St

      APARTMENT HOUSE (5+ UNITS) • 15,560 SF
      2040 California St, Mountain View, CA 94040-1770
      View Details
    • Value Estimation
      $6,810,000
      56,215 SF

      1140 Castro St

      APARTMENT HOUSE (5+ UNITS) • 56,215 SF
      1140 Castro St, Mountain View, CA 94040-2546
      View Details
    • Value Estimation
      $18,980,000
      584,389 SF

      400 San Antonio Rd

      APARTMENT HOUSE (5+ UNITS) • 584,389 SF
      400 San Antonio Rd, Mountain View, CA 94040-5302
      View Details
    • Value Estimation
      $11,245,000
      94,554 SF

      2680 Fayette Dr

      APARTMENT HOUSE (5+ UNITS) • 94,554 SF
      2680 Fayette Dr, Mountain View, CA 94040-1165
      View Details
    • Value Estimation
      $1,180,000
      4,862 SF

      1951 Latham St

      APARTMENT HOUSE (5+ UNITS) • 4,862 SF
      1951 Latham St, Mountain View, CA 94040-2117
      View Details

    Similar Nearby for Sale

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      22,222 SF

      Mountain View Multifamily Investment Opportunity

      23-unit multifamily property in prime Mountain View location.
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    • $4,350,000
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      Mountain View Multifamily Investment Opportunity

      Well-maintained 10-unit apartment building in prime Mountain View location.
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    • $13,500,000
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      61-Unit Apartment Community For Sale

      61-unit apartment community in Mountain View, near Downtown and Cuesta Park.
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    • $4,704,500
      8,426 SF

      Mountain View Medical Office Building

      Silicon Valley medical office, strong NOI, excellent location.
      412 El Camino Real, Mountain View, CA 94040
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    • $1,400,000
      1,300 SF

      Turnkey Restaurant Opportunity

      Fully-equipped restaurant space on busy El Camino Real.
      1405 El Camino Real, Mountain View, CA 94040
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    • Contact for pricing
      4,863 SF

      Retail Property in Silicon Valley

      NNN lease with corporate guaranty in the heart of Silicon Valley.
      2496 W El Camino Real, Mountain View, CA 94040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,434 SF

      Mountain View Office Space Sublease

      Office space available for sublease in Mountain View, California.
      391 San Antonio Rd, Mountain View, CA 94040
      View Details
    • Contact for pricing
      5,340 SF

      Prime Mountain View Executive Suites

      5,340 SF Office Space Available
      1172-1174 Castro St, Mountain View, CA 94040
      View Details
    • Contact for pricing
      1,402 SF

      Restaurant Space on El Camino

      Second generation restaurant space with hood and walk-ins.
      1711 W El Camino Real, Mountain View, CA 94040
      View Details
    • Contact for pricing
      5,096 SF

      Mixed-Use Development Near Caltrain

      Mixed-use property with office, hotel, and retail spaces for lease.
      409 San Antonio Rd, Mountain View, CA 94040
      View Details
    • Contact for pricing
      3,030 SF

      Retail Space in Mountain View

      Retail spaces available near major tenants in Mountain View, CA.
      608-626 San Antonio Rd, Mountain View, CA 94040
      View Details
    • Contact for pricing
      843 SF

      Retail Space on El Camino Real

      Retail space available for lease on El Camino Real.
      805 E El Camino Real, Mountain View, CA 94040
      View Details

    Property Visit Statistics

    • Visits by month
      33.6k
    • Visitors by month
      17.3k
    • Avg Time on site
      19 min
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    Mountain View, CA 94040-2724
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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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