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    236 Castro St Mountain View, CA 94041
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    236 Castro St Mountain View, CA 94041

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    • Commercial real estate
    • 2,598 SF
    For Lease
    $59 SF/Yr
    View Listing →
    Downtown Mountain View Office Space For Lease
    $59 SF/Yr
    1,109 SF

    Downtown Mountain View Office Space

    Two-story office building near Caltrain in downtown Mountain View.

    236 Castro St, Mountain View, CA
    View Listing
    Property ID
    US10-2255694
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Activeloop / (Bike/Boat/Book/etc) Store / Corporate Office
    • Votizen / (Bike/Boat/Book/etc) Store / Corporate Office
    • High Cloud Security / (Bike/Boat/Book/etc) Store / Corporate Office
    • Mervyn's / Bar & Pub

    Property Details for 236 Castro St

    Property size
    2,598 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2,598 square foot retail or restaurant space is available for lease at 236 Castro Street in the vibrant city of Mountain View, California. Located in Santa Clara County, this single-tenant property offers a fantastic opportunity for businesses seeking a high-visibility location. The space is entirely vacant, providing a blank canvas for a new tenant to customize to their specific needs. The property's convenient location offers direct access to ample public parking, ensuring ease of access for customers and employees. The address, 236 Castro Street, Mountain View, CA 94041, places the property within a thriving commercial district, benefiting from high foot traffic and excellent visibility. This is an ideal space for a variety of retail or restaurant concepts seeking a prominent location in a desirable area. The property's size and layout provide flexibility for various business models. The building's commercial zoning allows for a wide range of permitted uses, subject to city approvals. This is a rare opportunity to secure a prime retail space in a highly sought-after location. Interested parties are encouraged to inquire promptly to learn more about lease terms and conditions. The property is ready for immediate occupancy. Don't miss this chance to establish your business in a thriving Mountain View commercial corridor.

    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
    Mountain View
    County
    Santa Clara
    State
    California
    Longitude
    -122.0796389
    Latitude
    37.3934832

    Comparable in this City

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      Downtown Mountain View Office Space

      Two-story office building near Caltrain in downtown Mountain View.
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      Modern Office Space with Amenities

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      Downtown Mountain View Office Space

      Class A office space available on the second floor.
      400 Castro St, Mountain View, CA 94041
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    Similar Nearby for Lease

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      5,100 SF

      Turn-Key Restaurant on Castro Street

      Restaurant space with outdoor patio in downtown Mountain View.
      790 Castro St, Mountain View, CA 94041
      View Details
    • $48 SF/Yr
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      Prime Retail Space in Mountain View

      Retail space with open floor plan in downtown Mountain View.
      275-277 Castro St, Mountain View, CA 94041
      View Details
    • $40 SF/Yr
      1,800 SF

      Creative Office Space Near Caltrain

      Creative office space with high ceilings near Downtown Mountain View.
      144 S Whisman Rd, Mountain View, CA 94041
      View Details
    • $59 SF/Yr
      1,109 SF

      Downtown Mountain View Office Space

      Two-story office building near Caltrain in downtown Mountain View.
      236 Castro St, Mountain View, CA 94041
      View Details
    • Contact for pricing
      1,336 SF

      Modern Office Space with Amenities

      Well-equipped office space with parking and fitness center.
      444 Castro St, Mountain View, CA 94041
      View Details
    • Contact for pricing
      13,000 SF

      Downtown Mountain View Office Space

      Class A office space available on the second floor.
      400 Castro St, Mountain View, CA 94041
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      1.4k
    • Avg Time on site
      33 min
    View Listing
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    236 Castro St
    Mountain View, CA 94041
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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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