Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2159 Old Middlefield Way Mountain View, CA 94043-2403
    Back to Search
    Property profile & analytics

    2159 Old Middlefield Way, Mountain View, CA 94043-2403

    View on Map
    • Retail space
    • 896 SF
    • 0.37 lot acres
    Off-Market
    Last Sale Jan 15, 2025
    $2,000,000
    Property ID
    US09-3079755
    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
    $1,965,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 2159 Old Middlefield Way

    Year built
    1950
    Lot size
    0.37 lot acres
    Zone code
    CS
    Property type
    Retail space
    APN
    147-12-039
    APU
    14712039

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 15, 2025 $2,000,000 2159 Old Middlefield Way LLC Henri J Salles Grant Deed $1.7M · Us Bank NA
    Mar 23, 1998 — Salles Trust Salles,henri J & Astrid F Quit Claim Deed · related —
    Jul 29, 1993 $262,500 Henri Salles Estate Of Audrey Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,920,000
      ML approach
      $1,950,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain View
    County
    Santa Clara
    State
    California
    Longitude
    -122.094
    Latitude
    37.414
    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
    $5,741
    $319,930
    $116,633
    $436,563
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,195,000
      9,000 SF

      2312 Alma St

      RETAIL STORES (PERSONAL SERVICES)
      2312 Alma St, Mountain View, CA 94043
      View Details
    • Value Estimation
      $1,100,000
      3,008 SF

      1036 Rengstorff Ave

      RETAIL STORES (PERSONAL SERVICES)
      1036 Rengstorff Ave, Mountain View, CA 94043
      View Details
    • Value Estimation
      $2,640,000
      12,528 SF

      1040 Rengstorff Ave Ste A1

      RETAIL STORES (PERSONAL SERVICES)
      1040 Rengstorff Ave Ste A1, Mountain View, CA 94043-1761
      View Details
    • Value Estimation
      $3,150,000
      17,111 SF

      55 Fairchild Dr

      RETAIL STORES (PERSONAL SERVICES)
      55 Fairchild Dr, Mountain View, CA 94043-2013
      View Details
    • Value Estimation
      $695,000
      2,400 SF

      859 Leong Dr

      RETAIL STORES (PERSONAL SERVICES)
      859 Leong Dr, Mountain View, CA 94043-2025
      View Details
    • Value Estimation
      $4,725,000
      20,807 SF

      850 Leong Dr

      RETAIL STORES (PERSONAL SERVICES)
      850 Leong Dr, Mountain View, CA 94043-2062
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      870 Leong Dr, Mountain View, CA 94043
      View Details
    • Contact for pricing
      15,000 SF

      Mountain View R&D Building

      Value-add R&D building in Mountain View's premier neighborhood.
      835 Maude Ave, Mountain View, CA 94043
      View Details
    • Contact for pricing
      6,909 SF

      Mountain View Office Space Available

      Well-located office building across from Google headquarters with modern renovation.
      1001 N Rengstorff Ave, Mountain View, CA 94043
      View Details
    • $7,490,000

      Mountain View Apartment Community

      Turn-key 19-unit apartment community in Mountain View, California.
      190 Evandale Ave, Mountain View, CA 94043
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,660 SF

      Retail Space Near Google Campus

      Retail space anchored by PetSmart, near the new Google Campus.
      2400 Charleston Rd, Mountain View, CA 94043
      View Details
    • Contact for pricing
      3,000 SF

      Mountain View Retail Space Available

      3,000 SF retail space near Hwy 237 & 101.
      100 Infinity Way, Mountain View, CA 94043
      View Details
    • Contact for pricing
      1,392 SF

      Retail Space in Mountain View

      Retail space available in a highly trafficked shopping center.
      1020-1030 N Rengstorff Ave, Mountain View, CA 94043
      View Details
    • Contact for pricing
      1,586 SF

      Retail Space in Mixed-Use Project

      Retail space available in a new mixed-use development.
      1170 Spruce St, Mountain View, CA 94043
      View Details
    • Contact for pricing

      Mountain View Flex Space Available

      Flex space available for rent in Mountain View, CA.
      2570 Leghorn St, Mountain View, CA 94043
      View Details
    • Contact for pricing

      Retail Space Near Highway 237

      3,000 SF retail space with high power and ceilings.
      500 Ferguson Dr, Mountain View, CA 94043
      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.
    2159 Old Middlefield Way
    Mountain View, CA 94043-2403
    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

    Thank You for Inquiry
    2159 Old Middlefield Way, Mountain View, CA, 94043
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!