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Property profile & analytics
OFF-MARKET
Estimated value
$35,675,000
Apartment buildings
20380 Stevens Crk Blvd Cupertino, CA 95014-2299
Entity Owned
32-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3142814
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1998
Construction
WOOD
Total area
144,135 SF
Lot
1.67 ac (72,901 SF)
Zoning code
APD
APN
369-01-026
UPID
US09-3142814
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
-
Prometheus REG Inc Apartment Complex Property Management Company
-
Cupertino Park Center Apartments Apartment Complex
-
Crystal Mining Corporation Corporate Office
-
Alok Gas Station
-
Paws Co. Dog Walker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$42.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.68M
Owner & transaction history
Cupertino City Center Apartmen · 32 yrs held
Cupertino City Center Apartmen
since 1994
6 recorded transactions
Zoning & alternative use
APD · 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%
$45,660,000
6.5%
$42,150,000
7%
$39,140,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$51,240,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$35.68M
Range $32.11M – $39.24M · ±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
$248 / 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
$861,870
Tax year 2024
Assessed value
$67,920,231
Assessed 2024
Previous assessed
$67,920,231
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$27,887,976
Assessed improvement
$40,032,255
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
1998
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Stories
3
Units
120
Total area
144,135 SF
Lot
1.67 ac (72,901 SF)
Zoning code
APD
APN
369-01-026
UPID
US09-3142814
Jurisdiction
SANTA CLARA
Zoning & alternative use
APD · Cupertino, CA
Zoning APD · permitted uses
APD · 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
WAREHOUSE, STORAGE
Est. value
$51.2M
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
1998
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
120
Lot
1.67 ac
Current owner
From public records · entity-resolved
Cupertino City Center Apartmen
Entity
Mailing address
1 N B ST STE #4000, SAN MATEO, CA 94401-3992
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1994
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
Nov 17, 2023
—
Cupertino City Center Apartments II
—
Deed
related
$85,000,000 · Citibank NA
Jun 16, 2017
—
Cupertino City Center Apartments II
—
Deed
related
$100,000,000 · Citibank NA
Dec 27, 2011
—
Cupertino Cty Ctr Apartments I
—
Deed Of Trust
related
$28,000,000 · Deutsche Bank Ag Ny Branch
Jul 7, 1994
—
Cupertino City Center Apartmen
Cupertino City C
Quit Claim Deed
related
—
—
—
Cupertino City Ctr Apartments
—
Deed Of Trust
related
$22,000,000 · Bank Of America
—
—
Cupertino City Ctr Apartments
—
Deed Of Trust
related
$18,500 · Bank Of America
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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