Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2635 Miller Ave Mountain View, CA 94040-1162

    • Apartment buildings
    • 9,944 SF
    • 0.45 lot acres
    OFF-MARKET
    Last Sale
    Oct 08, 2021
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1919018
    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

    • Association for Transpersonal Psychology / Medical Clinic

    Property Details for 2635 Miller Ave

    Year built
    1964
    Construction
    WOOD FRAME
    Lot size
    0.45 lot acres
    Property size
    9,944 SF
    Zone code
    CRA
    Property type
    Apartment buildings
    APN
    148-16-031
    APU
    14816031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $216,000
      Market price range: $216k - $628k

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain View
    County
    Santa Clara
    State
    California
    Longitude
    -122.113
    Latitude
    37.4054
    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
    $5,868
    $105,745
    $302,819
    $408,564
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $865,000
      64,016 SF

      1701 El Camino Real

      APARTMENT HOUSE (5+ UNITS) • 64,016 SF
      1701 El Camino Real, Mountain View, CA 94040-2759
      View Details
    • Value Estimation
      $440,000
      10,784 SF

      657 Escuela Ave

      APARTMENT HOUSE (5+ UNITS) • 10,784 SF
      657 Escuela Ave, Mountain View, CA 94040-2063
      View Details
    • Value Estimation
      $1,225,000
      35,962 SF

      2675 Fayette Dr

      APARTMENT HOUSE (5+ UNITS) • 35,962 SF
      2675 Fayette Dr, Mountain View, CA 94040-1164
      View Details
    • Value Estimation
      $1,200,000
      24,504 SF

      1990 Latham St

      APARTMENT HOUSE (5+ UNITS) • 24,504 SF
      1990 Latham St, Mountain View, CA 94040-2161
      View Details
    • Value Estimation
      $1,930,000
      69,931 SF

      2230 Latham St

      APARTMENT HOUSE (5+ UNITS) • 69,931 SF
      2230 Latham St, Mountain View, CA 94040-1678
      View Details
    • Value Estimation
      $910,000
      23,567 SF

      248 Pamela Dr

      APARTMENT HOUSE (5+ UNITS) • 23,567 SF
      248 Pamela Dr, Mountain View, CA 94040-3269
      View Details

    Similar Nearby for Sale

    • $6,250,000
      6,678 SF

      Established O'Reilly's Auto Parts Location

      Long-term corporate guaranteed net lease investment property.
      170 E El Camino Real, Mountain View, CA 94040
      View Details
    • $5,990,000
      4,863 SF

      Retail Property in Silicon Valley

      NNN lease with corporate guaranty in the heart of Silicon Valley.
      2496 W El Camino Real, Mountain View, CA 94040
      View Details
    • $4,704,500
      8,426 SF

      Mountain View Medical Office Building

      Silicon Valley medical office, strong NOI, excellent location.
      412 El Camino Real, Mountain View, CA 94040
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      19,845 SF

      Retail Building on El Camino

      Large retail space available with prominent signage and parking.
      1952 W El Camino Real, Mountain View, CA 94040
      View Details
    • Contact for pricing
      1,048 SF

      Mixed-Use Development Near CalTrain

      Mixed-use property with office, hotel, and retail components for lease.
      405-423 San Antonio Rd, Mountain View, CA 94040
      View Details
    • $5 SF/Yr
      5,685 SF

      Mountain View Class A Office

      Class A office space for lease in Mountain View.
      1477-1503 Grant Rd, Mountain View, CA 94040
      View Details
    • Contact for pricing
      1,031 SF

      Retail Space Near San Antonio

      Retail space with excellent parking and highway access.
      458 San Antonio Rd, Mountain View, CA 94040
      View Details
    • Contact for pricing

      Fully Leased Retail Center

      Retail center in Mountain View, CA, currently 100% leased.
      2510 W El Camino Real, Mountain View, CA 94040
      View Details
    • Contact for pricing
      2,675 SF

      Retail Space in Mountain View

      Retail space available for lease in Mountain View, CA.
      1350 Grant Rd, Mountain View, CA 94040
      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.
    2635 Miller Ave
    Mountain View, CA 94040-1162
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.