Individually Owned 
For Sale
Contact for pricing
40 Main St, Los Altos, CA 94022
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Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1922
Construction
WOOD
Total area
2,127 SF
Lot
0.18 ac (7,885 SF)
Zoning code
CRS
APN
167-38-032
UPID
US10-3182372
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Law Firm
-
Charitable Organization Social Service Agency
-
Law Firm
-
Law Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$470k
Owner & transaction history
since 2023
7 recorded transactions
Zoning & alternative use
CRS · Los Altos, CA
Zoning description
0 - CN COMMERCIAL NEIGHBORHOOD DISTRICT Chapter 14.40 - CN COMMERCIAL NEIGHBORHOOD DISTRICT Expand Chapter 14.44 - CD COMMERCIAL DOWNTOWN DISTRICT* Chapter 14.44 - CD COMMERCIAL DOWNTOWN DISTRICT* Expand Chapter 14.48 -…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$470k
Value range
$423k – $517k
±10% around blend
Estimated value / SF
$221 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
$423k
blend $470k
$517k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,127 SF
Lot area
0.18 ac
Year built
1922
Stories
1
APN
167-38-032
Zoning
CRS
Assessed value
$2,889,733
Annual tax
$34,600
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.03M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.2 mi away · 2,760 SF
21.9 mi away · 2,702 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$470k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 711 sales
$418
-47%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $221/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.89M
Move the market yield to see immediate price impact.
Value / SF
$1,359
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$182k
$3.64M
$2.60M
$2.02M
$202k
$4.05M
$2.89M
$2.25M
$223k
$4.45M
$3.18M
$2.47M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.11M
13.1 mi · Jan 2026 · $487/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$34,600
Tax year 2024
Assessed value
$2,889,733
Assessed 2024
Previous assessed
$2,889,733
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,535,091
Assessed improvement
$354,642
Applied tax rate
11.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1922
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
2,127 SF
Lot
0.18 ac (7,885 SF)
Zoning code
CRS
APN
167-38-032
UPID
US10-3182372
Jurisdiction
SANTA CLARA
Zoning & alternative use
CRS · Los Altos, CAZoning CRS · permitted uses
CRS · Los Altos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
0 - CN COMMERCIAL NEIGHBORHOOD DISTRICT Chapter 14.40 - CN COMMERCIAL NEIGHBORHOOD DISTRICT Expand Chapter 14.44 - CD COMMERCIAL DOWNTOWN DISTRICT* Chapter 14.44 - CD COMMERCIAL DOWNTOWN DISTRICT* Expand Chapter 14.48 -…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1922
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.18 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CRS
COMMERCIAL
Jurisdiction
Los Altos, CA
Recorded code
CRS
Official district
CRS
Official district profile
What the municipal code says about CRS
Zoning description
0 - CN COMMERCIAL NEIGHBORHOOD DISTRICT Chapter 14.40 - CN COMMERCIAL NEIGHBORHOOD DISTRICT Expand Chapter 14.44 - CD COMMERCIAL DOWNTOWN DISTRICT* Chapter 14.44 - CD COMMERCIAL DOWNTOWN DISTRICT* Expand Chapter 14.48 -…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CRS in Los Altos, CA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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?”
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