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Property profile & analytics
OFF-MARKET
Estimated value
$3,595,000
Apartment buildings
392 Rengstorff Ave Mountain View, CA 94043-2833
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2634277
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1941
Construction
WOOD
Total area
7,923 SF
Lot
0.84 ac (36,565 SF)
Zoning code
R3-25
APN
147-18-043
UPID
US09-2634277
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
-
Happy Geniuses Daycare Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.39M
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.60M
Owner & transaction history
Rengstorff 7 Mountain View LLC · 3 yrs held
Rengstorff 7 Mountain View LLC
since 2022
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
R3-25 · Mountain View, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.4M
+39.6%
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
$3,300,000
ML approach
$3,385,000
CAP Approach
CAP Return
Estimation
6%
$2,510,000
6.5%
$2,315,000
7%
$2,150,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,870,000
Current use
OFFICE BUILDING
$5,400,000
Change: +40% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,705,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$3,670,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.60M
Range $3.24M – $3.95M · ±10% · vs last sale $3.85M (Dec 9 2022)
Last sale anchor
$3.85M
Dec 9 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
$454 / 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
$105,136
Tax year 2024
Assessed value
$8,772,000
Assessed 2024
Previous assessed
$8,772,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$8,771,898
Assessed improvement
$102
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1941
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
7
Total area
7,923 SF
Lot
0.84 ac (36,565 SF)
Zoning code
R3-25
APN
147-18-043
UPID
US09-2634277
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3-25 · Mountain View, CA
Zoning R3-25 · permitted uses
R3-25 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.9M
OFFICE BUILDING
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1941
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
7
Lot
0.84 ac
Current owner
From public records · entity-resolved
Rengstorff 7 Mountain View LLC
Entity
Mailing address
20725 VLY GRN DR STE #100, CUPERTINO, CA 95014-1764
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2024
—
Rengstorff 7 Mountain View LLC
—
Deed
related
$5,250,000 · Tellus App INC
Mar 17, 2023
—
Rengstorff 7 Mountain View LLC
—
Deed
related
$2,575,000 · Avidbank
Dec 9, 2022
$3,850,000
Rengstorff 7 Mountain View LLC
St Jude Childrens Research Hospital
Grant Deed
$3,080,000 · Conventus LLC
Oct 21, 2022
—
St Jude Childrens Research Hospital
Jacob M Glickman
Intrafamily Transfer
related
—
May 15, 2013
—
Tibbs,tom N Trust
Tibbs,thomas N
Affidavit Of Death
related
—
Oct 2, 2003
—
Tibbs,tr
Tibbs,tr
Quit Claim Deed
related
—
Apr 22, 2003
$2,200,000
Tibbs,tr
Tom N Tibbs Co
Quit Claim Deed
related
—
Dec 30, 1994
—
Thomas N Tibbs
Tibbs Trust
Quit Claim Deed
related
—
Oct 26, 1992
—
Tom N Tibbs Trust
Tibbs,thomas N
Quit Claim Deed
related
—
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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