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    Property profile & analytics

    2284 Old Middlefield Way Mountain View, CA 94043-2458

    • Retail space
    • 12,780 SF
    • 0.88 lot acres
    OFF-MARKET
    Last Sale
    Jan 21, 2022
    $5,950,000
    Value Estimations
    $5,685,000
    Show details
    Cap Rate Potential
    6.3%
    Retail space
    Location Intelligence
    Property ID
    US09-2743280
    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.

    Current Use by Public Records

    • Menacho Refinishing / Renovation Specialist / Hardware & Home Improvement
    • Turbo Pot / (Bike/Boat/Book/etc) Store / Kitchen & Bath Showroom
    • James Crist Builders / Construction Company / General Contractor
    • Proceviat Designs / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 2284 Old Middlefield Way

    Year built
    1970
    Construction
    TILT-UP CONCRETE
    Lot size
    0.88 lot acres
    Property size
    12,780 SF
    Zone code
    CS
    Property type
    Retail space
    APN
    147-07-041
    APU
    14707041

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,465,000
      ML approach
      $5,755,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,755,000
      6.5%
      $5,310,000
      7%
      $4,930,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,920,000
      Current use
      OFFICE BUILDING
      $8,715,000
      Change: +47% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $6,245,000
      Change: +5% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $5,975,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain View
    County
    Santa Clara
    State
    California
    Longitude
    -122.096
    Latitude
    37.4152
    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
    $83,656
    $5,930,280
    $1,017,700
    $6,947,980
    -
    $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) • 9,000 SF
      2312 Alma St, Mountain View, CA 94043
      View Details
    • Value Estimation
      $1,100,000
      3,008 SF

      1036 Rengstorff Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,008 SF
      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) • 12,528 SF
      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) • 17,111 SF
      55 Fairchild Dr, Mountain View, CA 94043-2013
      View Details
    • Value Estimation
      $695,000
      2,400 SF

      859 Leong Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      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) • 20,807 SF
      850 Leong Dr, Mountain View, CA 94043-2062
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      37,461 SF

      Mountain View Industrial Property

      Industrial property with office conversion, storage, and shop.
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      Cannabis Farm Membership Interests

      Membership interests in Craft Opportunities, LLC for sale.
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      Class A Office/R&D Condo

      Office/R&D condo with private offices, conference room, and amenities.
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      Two Office Buildings in Silicon Valley

      Two office buildings in the heart of Silicon Valley.
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      5,000 SF

      Freestanding Office Building For Sale

      Freestanding office building with easy highway access and parking.
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      Land For Sale

      Land available for sale.
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    Similar Nearby for Lease

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      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
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      Retail Space in Mountain View

      Retail space available in a highly trafficked shopping center.
      1020-1030 N Rengstorff Ave, Mountain View, CA 94043
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      Retail Space Near Highway 237

      3,000 SF retail space with high power and ceilings.
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      Mountain View Flex Space Available

      Flex space available for rent in Mountain View, CA.
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      View Details
    • Contact for pricing
      14,400 SF

      Renovated Office/Auto Lab Space

      Recently renovated office and auto lab space with highway access.
      335 E Middlefield Rd, Mountain View, CA 94043
      View Details
    • Contact for pricing
      880 SF

      Mountain View Office Space Available

      Office space featuring a reception area and small storage room.
      2224 Old Middlefield Way, Mountain View, CA 94043
      View Details

    Property Visit Statistics

    • Visits by month
      2.0k
    • Visitors by month
      1.8k
    • Avg Time on site
      21 min
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    Mountain View, CA 94043-2458
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    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
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