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

    250 Evandale Ave Mountain View, CA 94043-2056

    • Apartment buildings
    • 3,008 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Mar 19, 2025
    $2,400,000
    Value Estimations
    $2,380,000
    Show details
    Cap Rate Potential
    2.3%
    Apartment buildings
    Location Intelligence
    Property ID
    US10-3181980
    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

    • Apartment buildings

    Property Details for 250 Evandale Ave

    Year built
    1961
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    3,008 SF
    Zone code
    P(32)
    Property type
    Apartment buildings
    APN
    160-07-018
    APU
    16007018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,510,000
      ML approach
      $2,420,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,994,000
      Market price range: $1.05M - $1.99M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,090,000
      OFFICE BUILDING
      $2,050,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain View
    County
    Santa Clara
    State
    California
    Longitude
    -122.058
    Latitude
    37.4045
    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
    $22,972
    $1,125,000
    $825,000
    $1,950,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $455,000
      17,429 SF

      305 Easy St

      APARTMENT HOUSE (5+ UNITS) • 17,429 SF
      305 Easy St, Mountain View, CA 94043-3766
      View Details
    • Value Estimation
      $1,180,000
      86,000 SF

      2005 San Ramon Ave

      APARTMENT HOUSE (5+ UNITS) • 86,000 SF
      2005 San Ramon Ave, Mountain View, CA 94043-5100
      View Details
    • Value Estimation
      $930,000
      30,676 SF

      393 Sierra Vis Ave

      APARTMENT HOUSE (5+ UNITS) • 30,676 SF
      393 Sierra Vis Ave, Mountain View, CA 94043
      View Details
    • Value Estimation
      $960,000
      26,496 SF

      465 Stierlin Rd

      APARTMENT HOUSE (5+ UNITS) • 26,496 SF
      465 Stierlin Rd, Mountain View, CA 94043-4652
      View Details
    • Value Estimation
      $435,000
      8,208 SF

      505 Walker Dr

      APARTMENT HOUSE (5+ UNITS) • 8,208 SF
      505 Walker Dr, Mountain View, CA 94043-3668
      View Details
    • Value Estimation
      $1,615,000
      78,068 SF

      100 Whisman Rd

      APARTMENT HOUSE (5+ UNITS) • 78,068 SF
      100 Whisman Rd, Mountain View, CA 94043-4952
      View Details

    Similar Nearby for Sale

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      1.52 Acres

      Mountain View Mixed-Use Portfolio

      Prime location, value-add opportunity.
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      Mountain View Duplex with Yard

      Charming Mountain View duplex featuring private yards and in-unit laundry.
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    • Contact for pricing
      14,824 SF

      Mountain View Industrial Space

      Industrial space available for sale in Mountain View, California.
      2195 Leghorn St, Mountain View, CA 94043
      View Details
    • Contact for pricing
      13,650 SF

      Mountain View Flex / Industrial Space

      13,650 SF flex/industrial building in Mountain View, CA for sale.
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    • $7,850,000

      Mountain View Investment Opportunity

      Mountain View property available for sale.
      Evandale Ave, Mountain View, CA 94043
      View Details

    Similar Nearby for Lease

    • $51 SF/Yr
      1,644 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
    • $4 SF/Yr

      Renovated Freestanding Office/Lab Building

      Class-A renovated office/lab building with high power and parking.
      325 East Middlefield Rd, Mountain View, CA 94043
      View Details
    • $2 SF/Yr
      8,190 SF

      Mountain View Warehouse Space Available

      8,190 SF warehouse with convenient access to public transportation.
      411 Fairchild Dr, Mountain View, CA 94043
      View Details
    • Contact for pricing
      42,000 SF

      Mountain View Flex/Industrial Space

      Flex/Industrial space available for lease in Mountain View, CA.
      400-420 Logue Ave, Mountain View, CA 94043
      View Details
    • Contact for pricing
      3,300 SF

      Creative Space in Silicon Valley

      Flex/industrial space with high ceilings, skylight, and easy highway access.
      1045 Linda Vista Ave, Mountain View, CA 94043
      View Details
    • $31 SF/Yr
      554 SF

      Mountain View Office Space Available

      Office space for rent with easy highway access.
      2520 Wyandotte St, Mountain View, CA 94043
      View Details
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    250 Evandale Ave
    Mountain View, CA 94043-2056
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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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