Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$24,845,000
Office buildings
2 Results Way Cupertino, CA 95014-5964
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5055387
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
TILT-UP CONCRETE
Total area
50,244 SF
Lot
6.35 ac (276,606 SF)
Zoning code
P(ML)
APN
357-20-047
UPID
US09-5055387
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
-
2 Results Way Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.01M
Comparable Approach
Comparable
$19.89M
Blend (final)
Blend
$24.85M
Owner & transaction history
Apple INC · 3 yrs held
Apple INC
since 2022
5 recorded transactions
Zoning & alternative use
P(ML) · Cupertino, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Planned Development Light Industrial
General category
PLANNED_DEVELOPMENT
Zone area
27.79 ac
Source
Realmo
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 Cupertino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cupertino 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%
$31,425,000
6.5%
$29,005,000
7%
$26,935,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$38,975,000
Current use
Blend value · Realmo final
$24.85M
Range $22.36M – $27.33M · ±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
$494 / 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
$1,902,391
Tax year 2024
Assessed value
$163,856,103
Assessed 2024
Previous assessed
$163,856,103
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$58,696,893
Assessed improvement
$105,159,210
Applied tax rate
13.0000
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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
4
Stories
2
Units
4
Total area
50,244 SF
Lot
6.35 ac (276,606 SF)
Zoning code
P(ML)
APN
357-20-047
UPID
US09-5055387
Jurisdiction
SANTA CLARA
Zoning & alternative use
P(ML) · Cupertino, CAZoning P(ML) · permitted uses
P(ML) · Cupertino, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Planned Development Light Industrial
General category
PLANNED_DEVELOPMENT
Zone area
27.79 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$39.0M
OFFICE BUILDING 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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
4
Units
4
Lot
6.35 ac
Current owner
From public records · entity-resolved
Apple INC
Entity
Mailing address
1 APPLE PARK WAY, CUPERTINO, CA 95014-0642
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
Dec 23, 2022
—
Apple INC
Swift Results Way Corporation
Grant Deed
—
Dec 19, 2018
—
Bvk Perimeter Square Retail Ll
—
Grant Deed
related
$75,600,000 · Wells Fargo Bk
Dec 20, 2013
$165,000,000
Bvk Perimeter Square Retail Ll
Eci Two Results LLC
Grant Deed
$75,300,000 · Pnc Bank
Oct 17, 2006
—
Eci Two Results LLC
Rwc LLC
Grant Deed
related
—
Jun 16, 1998
—
Rwc LLC
Honeywesll-measurex Corp
Grant Deed
$40,000,000 · Bank Of Nova Scotia
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2 Results Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
