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Property profile & analytics
OFF-MARKET
Estimated value
$5,730,000
Life science properties
390 Potrero Ave Sunnyvale, CA 94085-4116
Entity Owned
~
Est. High Equity
Property ID
US09-2515562
Property summary
AI-generated overview
Peery Park, located at 390 Potrero Avenue in Sunnyvale, California, presents a unique opportunity to lease prime office and R&D space. This single-story building, constructed in 1977, offers a total of 20,000 square feet, with 10,000 square feet currently available for lease. The property sits on a 1.29-acre lot in the desirable Hermosa Collection Street area of Santa Clara County, zip code 94085. The building is classified as both office and industrial space, specifically catering to executive office and R&D tenants. The property is suitable for multiple tenants. Ample parking is available, with 3.75 spaces provided. This presents an excellent opportunity for businesses seeking flexible and well-located space in the heart of Sunnyvale's thriving technology corridor. The available space totals 10,000 square feet, offering significant potential for a variety of uses. The property's location offers easy access to major transportation routes and amenities. Interested parties should inquire for lease terms and conditions.
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1977
Construction
TILT-UP CONCRETE
Total area
20,000 SF
Lot
1.29 ac (56,364 SF)
Zoning code
M1
APN
165-30-009
UPID
US09-2515562
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
-
West Valley Staffing Group Employment Agency
-
Prostar Staffing Employment Agency
-
Accountants Now Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.73M
Owner & transaction history
Dp Ventures LLC
Dp Ventures LLC
since 2026
Last sale
$7.1M
3 recorded transactions
Zoning & alternative use
M1 · Sunnyvale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Sunnyvale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunnyvale 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$287 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$114,050
Tax year 2024
Assessed value
$9,800,000
Assessed 2024
Previous assessed
$9,800,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$4,500,000
Assessed improvement
$5,300,000
Applied tax rate
9.0000
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
20,000 SF
Lot
1.29 ac (56,364 SF)
Zoning code
M1
APN
165-30-009
UPID
US09-2515562
Jurisdiction
SANTA CLARA
Zoning & alternative use
M1 · Sunnyvale, CA
Zoning M1 · permitted uses
M1 · Sunnyvale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sunnyvale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Dp Ventures LLC
Entity
Mailing address
390 POTRERO AVE, SUNNYVALE, CA 94085-4116
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2026
$7,100,000
Dp Ventures LLC
390 Potrero Drive LLC
Grant Deed
$2,235,000 · Technology Cu
Dec 15, 2000
—
390 Potrero Drive LLC
Aetna Life Insurance Co
Grant Deed
$6,600,000 · Comerica Bank California
—
—
Potrero Drive LLC
—
Deed Of Trust
related
$2,403,108 · Comerica Bank
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.
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