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    51 University Ave Los Gatos, CA 95030-6037

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    51 University Ave Los Gatos, CA 95030-6037

    View on Map
    • Office buildings
    • 0.13 lot acres
    Off-Market
    Last Sale Jan 19, 2023
    $6,250,000
    Property ID
    US09-2495666
    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.
    Value Estimations
    $6,245,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Symmetry Sports Therapy & Performance Care / Alternative Medicine Practice
    • Dr. Cody Fowler, DC / Alternative Medicine Practice
    • DJB Construction Co. Inc / Construction Company
    • Romantiques / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
    • Milestone Construction Group, LLC. / Construction Company

    Property Details for 51 University Ave

    Lot size
    0.13 lot acres
    Zone code
    C2
    Property type
    Office buildings
    APN
    529-03-065
    APU
    52903065

    Description

    This exceptional retail property, located at 51 University Avenue in the vibrant city of Los Gatos, California, presents a unique opportunity for businesses seeking prime commercial space in Santa Clara County. The building offers a total of 3,274 square feet, divided into four individual suites, providing flexibility for various retail concepts. Each suite is independently metered, ensuring efficient utility management. Currently, there is a total of 3,799 square feet of vacant space available, offering significant potential for immediate occupancy. The minimum divisible space is 949 square feet, ideal for smaller businesses, while the maximum contiguous space available is 2,325 square feet, suitable for larger retail operations or those requiring more expansive layouts. The property's address, 51 University Avenue, places it in a high-traffic area with excellent visibility and accessibility, ensuring strong foot traffic and brand exposure. The zip code is 95030. This location within Los Gatos offers a thriving community and a desirable demographic for retail businesses. This is a multi-tenant property offering a diverse range of possibilities for businesses seeking a prominent location in a sought-after California market. The property is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,290,000
      ML approach
      $6,235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Gatos
    County
    Santa Clara
    State
    California
    Longitude
    -121.982
    Latitude
    37.2237
    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
    $38,086
    $2,499,000
    $688,500
    $3,187,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $645,000
      616 SF

      518 Santa Cruz Ave

      OFFICE BUILDING • 616 SF
      518 Santa Cruz Ave, Los Gatos, CA 95030-4323
      View Details
    • Value Estimation
      $7,255,000
      13,012 SF

      100 Santa Cruz Ave

      OFFICE BUILDING • 13,012 SF
      100 Santa Cruz Ave, Los Gatos, CA 95030-6702
      View Details
    • Value Estimation
      $3,915,000
      8,091 SF

      192 Los Gatos Saratoga Rd

      OFFICE BUILDING • 8,091 SF
      192 Los Gatos Saratoga Rd, Los Gatos, CA 95030
      View Details
    • Value Estimation
      $670,000
      1,629 SF

      241 Main St

      OFFICE BUILDING • 1,629 SF
      241 Main St, Los Gatos, CA 95030-6818
      View Details
    • Value Estimation
      $675,000
      1,914 SF

      515 Santa Cruz Ave

      OFFICE BUILDING • 1,914 SF
      515 Santa Cruz Ave, Los Gatos, CA 95030-4364
      View Details
    • Value Estimation
      $2,055,000
      4,916 SF

      22 Santa Cruz Ave

      OFFICE BUILDING • 4,916 SF
      22 Santa Cruz Ave, Los Gatos, CA 95030-6837
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,030 SF

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      9,030 SF office space featuring kitchen, offices, and conference rooms.
      536 N Santa Cruz Ave, Los Gatos, CA 95030
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      7,900 SF

      Mixed-Use Building in Downtown Los Gatos

      Two-story mixed-use building in a prominent downtown location.
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      4,095 SF

      Los Gatos Retail Opportunity

      Retail property for sale in Los Gatos, California.
      320 Village Ln, Los Gatos, CA 95030
      View Details
    • $2,239,000
      0.41 Acres

      Dream Estate Opportunity in Monte Sereno

      Generous lot in premier neighborhood with conceptual plans included.
      16235 W Ellenwood Ave, Monte Sereno, CA 95030
      View Details
    • Contact for pricing

      2.8 Acres in El Sereno

      Two adjoining residential homesites with utilities in El Sereno Open Space.
      19335 Overlook Rd, Los Gatos, CA 95030
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      226 SF

      Move-in Ready Office Suites Available

      Newly renovated office suites available for lease in Los Gatos.
      10 Jackson St, Los Gatos, CA 95030
      View Details
    • Contact for pricing
      7,865 SF

      Downtown Los Gatos Office Space

      Office space available in downtown Los Gatos near amenities.
      50 University Ave, Los Gatos, CA 95030
      View Details
    • Contact for pricing
      730 SF

      Los Gatos Office Space Available

      Office space available for rent in Los Gatos, CA.
      264-268 N Santa Cruz Ave, Los Gatos, CA 95030
      View Details
    • Contact for pricing
      563 SF

      Los Gatos Retail/Office Space

      Ground floor suite available now in prime Los Gatos location.
      634 N Santa Cruz Ave, Los Gatos, CA 95030
      View Details
    • Contact for pricing
      4,145 SF

      Los Gatos Office Space

      Office space available for rent in Los Gatos, CA.
      16615 Lark Ave, Los Gatos, CA 95030
      View Details
    • $3 SF/Yr
      2,300 SF

      Los Gatos Retail Space Available

      Retail space in Los Gatos with private parking.
      26-32 E Main St, Los Gatos, CA 95030
      View Details
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    Los Gatos, CA 95030-6037
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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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