Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21040 Homestead Rd Cupertino, CA 95014-0238

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21040 Homestead Rd Cupertino, CA 95014-0238

    View on Map
    • Office buildings
    • 6,758 SF
    • 0.35 lot acres
    Off-Market
    Property ID
    US09-2197428
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,465,000
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 21040 Homestead Rd

    Year built
    1979
    Construction
    WOOD
    Lot size
    0.35 lot acres
    Property size
    6,758 SF
    Zone code
    CG
    Property type
    Office buildings
    APN
    326-07-034
    APU
    32607034

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cupertino
    County
    Santa Clara
    State
    California
    Longitude
    -122.043
    Latitude
    37.3371
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $32,036
    $1,471,132
    $1,196,497
    $2,667,629
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      162,368 SF

      6 Infinite Loop

      OFFICE BUILDING • 162,368 SF
      6 Infinite Loop, Cupertino, CA 95014-2083
      View Details
    • Value Estimation
      $45,485,000
      155,326 SF

      3 Infinite Loop

      OFFICE BUILDING • 155,326 SF
      3 Infinite Loop, Cupertino, CA 95014-2083
      View Details
    • Value Estimation
      $2,380,000
      7,100 SF

      10055 Portal Ave

      OFFICE BUILDING • 7,100 SF
      10055 Portal Ave, Cupertino, CA 95014-2371
      View Details
    • Value Estimation
      $24,845,000
      50,244 SF

      2 Results Way

      OFFICE BUILDING • 50,244 SF
      2 Results Way, Cupertino, CA 95014-5964
      View Details
    • Value Estimation
      $4,165,000
      9,911 SF

      19300 Stevens Crk Blvd

      OFFICE BUILDING • 9,911 SF
      19300 Stevens Crk Blvd, Cupertino, CA 95014-2558
      View Details
    • Value Estimation
      $3,155,000
      5,930 SF

      19379 Stevens Crk Blvd

      OFFICE BUILDING • 5,930 SF
      19379 Stevens Crk Blvd, Cupertino, CA 95014-7139
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      63,079 SF

      Leased Office Campus For Sale

      91% leased office campus with immediate income potential.
      20370 Town Center Ln, Cupertino, CA 95014
      View Details
    • Contact for pricing
      117,795 SF

      Class A Office Space

      Two Class A office buildings with ample parking.
      10050-10080 N Wolfe Rd, Cupertino, CA 95014
      View Details
    • Contact for pricing
      6,222 SF

      Cupertino Commercial Property For Sale

      Versatile 6,168 SF commercial property in prime Cupertino location.
      1375 S De Anza Blvd, Cupertino, CA 95014
      View Details
    • $2,750,000
      7.11 Acres

      Cupertino Vacant Land Opportunity

      7.11-acre vacant land with panoramic views in Cupertino, CA.
      Montebello Rd, Cupertino, CA 95014
      View Details
    • Contact for pricing
      4,800 SF

      Prime Commercial Property in Cupertino

      High-visibility commercial property in a desirable Silicon Valley location.
      10520 S De Anza Blvd, Cupertino, CA 95014
      View Details
    • $1,999,000

      Cupertino Income Property Near Apple

      Low maintenance 5-unit Cupertino income property near Apple campus.
      10075 Santa Clara Ave, Cupertino, CA 95014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building

      Two-story Class A office building with highway access in Cupertino.
      19925 Stevens Creek Blvd, Cupertino, CA 95014
      View Details
    • Contact for pricing

      Professional Office Complex For Lease

      Professional office complex with on-site amenities and ample parking.
      20813-20883 Stevens Creek Blvd, Cupertino, CA 95014
      View Details
    • Contact for pricing

      Cupertino Office Landmark For Rent

      Two-story office building with flexible floor plan and high visibility.
      10275 N De Anza Blvd, Cupertino, CA 95014
      View Details
    • $3 SF/Yr
      1,781 SF

      Professional Office Space in Cupertino

      Two-story office building in central Cupertino with convenient amenities.
      20410 Town Center Ln, Cupertino, CA 95014
      View Details
    • $54 SF/Yr
      1,234 SF

      Cupertino Office Space For Rent

      Office space for rent in Cupertino with excellent parking.
      10011 N Foothill Blvd, Cupertino, CA 95014
      View Details
    • Contact for pricing

      Cupertino Office Space For Lease

      Office space in Cupertino with easy highway access available for lease.
      19200 Stevens Creek Blvd, Cupertino, CA 95014
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21040 Homestead Rd
    Cupertino, CA 95014-0238
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!