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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Office buildings
1988 Old Middlefield Way Mountain View, CA 94043-2544
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1684207
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Construction
WOOD
Total area
7,900 SF
Lot
0.5 ac (21,800 SF)
Zoning code
CS
APN
153-04-006
UPID
US09-1684207
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
-
Corby Pools Inc General Contractor
-
Linde Welding Gas & Equipment Center Big Box & Wholesale Store Building Supply
-
Madco Welding Supply Big Box & Wholesale Store Building Supply
-
Corby Pools Service & Repair General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$2.15M
Owner & transaction history
1988 Old Middlefield Way LLC · 15 yrs held
1988 Old Middlefield Way LLC
since 2011
6 recorded transactions
Zoning & alternative use
CS · Mountain View, 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 Mountain View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountain View 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.15M
Range $1.93M – $2.36M · ±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
$272 / 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
$1,354,562
Assessed 2023
Previous assessed
$1,328,003
+2.0% YoY
Assessed land
$1,231,425
Assessed improvement
$123,137
Applied tax rate
5.0000
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
1948
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
7,900 SF
Lot
0.5 ac (21,800 SF)
Zoning code
CS
APN
153-04-006
UPID
US09-1684207
Jurisdiction
SANTA CLARA
Zoning & alternative use
CS · Mountain View, CA
Zoning CS · permitted uses
CS · Mountain View, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountain View. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
1988 Old Middlefield Way LLC
Entity
Mailing address
2515 NEDSON CT, MOUNTAIN VIEW, CA 94043-2733
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2011
$1,600,000
1988 Old Middlefield Way LLC
Madlem William C II Trust
Grant Deed
$504,100 · Madlem William C II Trust
May 12, 2000
$1,200,000
William C Madlem
Madlem,robert B & Frederick T
Grant Deed
related
—
—
—
Robotti Karla M 1991 Trust
—
Deed Of Trust
related
$150,000 · Washington Mutual Fsb
—
—
William C Madlem
—
Deed Of Trust
related
$50,000 · Arrillaga Trust
—
—
Madlem Trust
—
Deed Of Trust
related
$300,000 · Bank Of Los Altos
—
—
William C Madlem Estate
—
Deed Of Trust
related
$160,000 · Madco Welding Supply Co INC
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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