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Property profile & analytics
OFF-MARKET
Estimated value
$36,045,000
Apartment buildings
20200 Lucille Ave Cupertino, CA 95014-2041
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US10-3251205
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
WOOD
Total area
137,640 SF
Lot
6.89 ac (300,128 SF)
Zoning code
CU
APN
316-02-094
UPID
US10-3251205
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
-
Lean Axis Consultant
-
Global Luxury Suites Cupertino Hotel & Motel Vacation Rental
-
Holloway Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$40.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$36.05M
Owner & transaction history
Veranda Apts LLC · 7 yrs held
Veranda Apts LLC
since 2018
7 recorded transactions
Zoning & alternative use
CU · Cupertino, 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 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%
$43,605,000
6.5%
$40,250,000
7%
$37,375,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$57,530,000
Current use
WAREHOUSE, STORAGE
$48,930,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$36.05M
Range $32.44M – $39.65M · ±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
$262 / 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
$79,594,615
Assessed 2023
Previous assessed
$77,957,766
+2.1% YoY
Assessed land
$48,249,094
Assessed improvement
$31,345,521
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
CENTRAL
Cooling
NONE
Stories
2
Units
120
Total area
137,640 SF
Lot
6.89 ac (300,128 SF)
Zoning code
CU
APN
316-02-094
UPID
US10-3251205
Jurisdiction
SANTA CLARA
Zoning & alternative use
CU · Cupertino, CA
Zoning CU · permitted uses
CU · Cupertino, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cupertino. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$57.5M
WAREHOUSE, STORAGE
Est. value
$48.9M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1969
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
120
Lot
6.89 ac
Current owner
From public records · entity-resolved
Veranda Apts LLC
Entity
Mailing address
1900 S NORFOLK ST STE #150, SAN MATEO, CA 94403-1161
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2018
—
Veranda Apts LLC
—
Deed
related
$43,000,000 · Cbre Multifamily Cap
Jul 23, 2018
$73,750,000
Veranda Apts LLC
Verandas Reit INC
Grant Deed
—
Feb 8, 2012
$46,250,000
Verandas Reit INC
Db Re California Residl I LP
Grant Deed
—
Sep 14, 2007
—
Db Re California Residl 1 LLC
Si Vii LLC
Grant Deed
—
Mar 22, 2006
—
Si Vii LLC
—
Deed Of Trust
related
$19,253,000 · Prudential Multifamily Mtg INC
Mar 17, 2006
—
Si Vii LLC
Sobrato Interests III
Grant Deed
—
Nov 22, 2000
—
Sobrato Interests III
Villa De Anza INC
Grant Deed
related
—
—
—
Veranda Apts LLC
—
Deed Of Trust
related
$43,000,000 · Cbre Multifamily Cap
—
—
Sobrato Interests III
—
Deed Of Trust
related
$20,750,000 · New York Life Insurance
—
—
Db Re California Residl 1 LLC
—
Deed Of Trust
related
—
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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