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Property profile & analytics
OFF-MARKET
Estimated value
$2,465,000
Office buildings
21040 Homestead Rd Cupertino, CA 95014-0238
Individually Owned
Absentee Owner
Free & Clear
Property ID
US09-2197428
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
WOOD
Total area
6,758 SF
Lot
0.35 ac (15,400 SF)
Zoning code
CG
APN
326-07-034
UPID
US09-2197428
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
-
Neta Shani Alternative Medicine Practice Acupuncture
-
COCOR Acupuncture Health Clinic Medical Clinic Alternative Medicine Practice
-
Tang Acupuncture Clinic Alternative Medicine Practice Acupuncture
-
Shong Wellness Spa Spa & Massage Center Alternative Medicine Practice
-
Filborough Repairs Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.47M
Owner & transaction history
Vivian W M Lim
Vivian W M Lim
since 2025
7 recorded transactions
Zoning & alternative use
CG · Cupertino, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
General Commercial
General category
COMMERCIAL
Zone area
50.88 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$365 / 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
$32,036
Tax year 2024
Assessed value
$2,667,629
Assessed 2024
Previous assessed
$2,667,629
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,471,132
Assessed improvement
$1,196,497
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
1979
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
6
Total area
6,758 SF
Lot
0.35 ac (15,400 SF)
Zoning code
CG
APN
326-07-034
UPID
US09-2197428
Jurisdiction
SANTA CLARA
Zoning & alternative use
CG · Cupertino, CAZoning CG · permitted uses
CG · Cupertino, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
General Commercial
General category
COMMERCIAL
Zone area
50.88 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
6
Lot
0.35 ac
Current owner
From public records · entity-resolved
Vivian W M Lim
Individual
Free & Clear · 0 yrs held
Mailing address
2607 CARAVAGGIO PL, DAVIS, CA 95618-7659
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2025
—
Vivian W M Lim
Vivian W M Lim
Deed
related
—
Oct 16, 2019
—
Chow 2019 Family Trust
Kuk-shing Chow
Quit Claim Deed
related
—
Aug 2, 2017
$240,000
Kuk-shing Chow
Jeffsam Corp
Grant Deed
—
Aug 2, 2017
$1,200,000
Kuk-shing Chow
Kwok,jeff C & Gladys W
Grant Deed
—
Dec 24, 2015
—
Jeffsam Corp
Homestead Cupertino
Grant Deed
—
Mar 29, 2012
$1,660,000
Homestead Cupertino LP
Us Bank NA Series 2006-3
Grant Deed
—
Dec 29, 2011
$1,226,862
Us Bank NA Series 2006-3
Assured Lender Svcs INC
Trustees Deed
related
—
Sep 15, 2006
$2,350,000
S & J
Tom L Hall
Grant Deed
$1,175,000 · Lehman Brothers Bank Fsb
—
—
Tom L Hall
—
Deed Of Trust
related
$174,000 · Individual
—
—
Tom L Hall
—
Deed Of Trust
related
$450,000 · Cupertino National Bank
—
—
Tom L Hall
—
Deed Of Trust
related
$170,461 · Cupertino National 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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