Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Retail space
2378 Old Middlefield Way Mountain View, CA 94043-2408
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-2782531
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
TILT-UP CONCRETE
Total area
2,220 SF
Lot
0.37 ac (16,117 SF)
Zoning code
CS
APN
147-07-054
UPID
US09-2782531
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
-
SV Express Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$2.69M
Owner & transaction history
Tonchiess Unicorn Carwash INC · 4 yrs held
Tonchiess Unicorn Carwash INC
since 2022
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
CS · Mountain View, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.3M
+121.9%
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 Mountain View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountain View 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
Method
Estimation
Statistic approach
$2,550,000
ML approach
$2,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,280,000
Change: +122% · Conversion: Moderate
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±10% · vs last sale $2.78M (Mar 11 2022)
Last sale anchor
$2.78M
Mar 11 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,212 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$2,830,500
Assessed 2023
Previous assessed
$2,787,723
+1.5% YoY
Assessed land
$2,805,000
Assessed improvement
$25,500
Applied tax rate
5.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
2,220 SF
Lot
0.37 ac (16,117 SF)
Zoning code
CS
APN
147-07-054
UPID
US09-2782531
Jurisdiction
SANTA CLARA
Zoning & alternative use
CS · Mountain View, CA
Zoning CS · permitted uses
CS · Mountain View, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountain View. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Tonchiess Unicorn Carwash INC
Entity
Free & Clear · 4 yrs held
Mailing address
1800 SILVERWINGS CT, MORGAN HILL, CA 95037-9002
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2022
—
Tonchiess Unicorn Carwash INC
Unicorn Tech Properties LLC
Lease
—
Mar 9, 2022
$2,775,000
Parkash Singh Sandhu Atam
Unicorn Tech Properties LLC
Grant Deed
$2,750,000 · Bay Commercial Bank
Mar 9, 2022
—
Parkash Singh Sandhu Atam
Harjit K Sandhu
Intrafamily Transfer
related
—
Jun 18, 2018
$2,600,000
Unicorn Tech Properties LLC
Silicon Wave Properties LLC
Grant Deed
$1,690,000 · Heritage Bk/commerce
Feb 28, 2017
—
Silicon Wave Properties LLC
—
Deed
related
$1,200,000 · Heritage Bk/commerce
Feb 24, 2017
—
Silicon Wave Properties LLC
Parivash,jamshid
Grant Deed
—
Nov 2, 2015
$812,500
Jamshid Parivash
Silicon Wave Properties LLC
Grant Deed
—
Jun 11, 2014
$1,200,000
Silicon Wave Properties LLC
Wong,tai
Grant Deed
—
Jun 7, 2010
—
Tai Wong
Wong,alina L
Affidavit Of Death
related
—
Dec 6, 2007
$1,350,000
Alina L Wong
Steele Grover & M Trust
Grant Deed
$650,000 · Steele Grover & Maryann Trust
Jan 12, 2001
—
Grover B Steele
Moonlite Car Wash #1 Ptshp
Grant Deed
related
—
—
—
Silicon Wave Properties LLC
—
Deed Of Trust
related
$1,200,000 · Heritage Bk/commerce
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2378 Old Middlefield Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
