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Property profile & analytics
OFF-MARKET
Estimated value
$99,215,000
Apartment buildings
20800 Homestead Rd Cupertino, CA 95014-0458
Entity Owned
~
Est. High Equity
Property ID
US09-0415439
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
WOOD
Total area
381,064 SF
Lot
20.42 ac (889,494 SF)
Zoning code
R322
APN
326-09-073
UPID
US09-0415439
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
-
The Markham Apartment Building 7 Apartment Building
-
Markham Apartment Building 23 Hotel & Motel Bed & Breakfast
-
Markham leasing office Real Estate Agency
-
Markham Building 7 Apartment Building
-
Markham Building 8 Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$111.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$99.22M
Owner & transaction history
Markham Owner LLC
Markham Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
R322 · 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%
$120,720,000
6.5%
$111,435,000
7%
$103,475,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$159,275,000
Current use
WAREHOUSE, STORAGE
$135,465,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$99.22M
Range $89.29M – $109.14M · ±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
$260 / 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
$222,543,266
Assessed 2023
Previous assessed
$90,614,719
+145.6% YoY
Assessed land
$136,419,160
Assessed improvement
$86,124,106
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
NONE
Cooling
NONE
Stories
2
Units
432
Total area
381,064 SF
Lot
20.42 ac (889,494 SF)
Zoning code
R322
APN
326-09-073
UPID
US09-0415439
Jurisdiction
SANTA CLARA
Zoning & alternative use
R322 · Cupertino, CA
Zoning R322 · permitted uses
R322 · 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
$159.3M
WAREHOUSE, STORAGE
Est. value
$135.5M
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
NONE
Cooling
Yes
Stories
2
Units
432
Lot
20.42 ac
Current owner
From public records · entity-resolved
Markham Owner LLC
Entity
Mailing address
1900 S NORFOLK ST STE #150, SAN MATEO, CA 94403-1161
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
—
Markham Owner LLC
Markham Apartments LP
Grant Deed
—
May 30, 2025
—
Markham Apartments LP
—
Deed
related
$170,170,000 · Cbre Multifamily Capital INC
Jul 31, 2015
—
Markham Apartments LP
Villa Serra Apartments
Quit Claim Deed
$152,925,000 · Cbre Multifamily Cap
Dec 19, 2011
—
Serra Apartments Villa
—
Deed Of Trust
related
$64,000,000 · Nationwide Life Insurance Co
Jul 26, 2010
—
Serra Apartments Villa
—
Deed Of Trust
related
$44,000,000 · Nationwide Life Insurance Co
Jun 3, 1999
—
Serra Apartments Villa
Sanco Associates
Grant Deed
related
—
Apr 10, 1997
—
Copen Association LP
Penco Association LP
Quit Claim Deed
related
—
Apr 10, 1997
$10,900,000
Copen Association LP
Bankamerica Reality Investors
Trustees Deed
$26,073,400 · Reilly Mortgage Group INC
Mar 27, 1997
—
Mix Trust
Mix Trust
Quit Claim Deed
related
—
—
—
Serra Apartments Villa
—
Deed Of Trust
related
$10,000,000 · Union Bank
—
—
Serra Apartments Villa
—
Deed Of Trust
related
$44,000,000 · Nationwide Life Insurance Co
—
—
Morrison Investm
—
Deed Of Trust
related
$350,000 · Plaza Bank Of Commerce
—
—
LP Vs II
—
Deed Of Trust
related
$11,335,000 · Union Bank
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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