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Property profile & analytics
OFF-MARKET
Estimated value
$2,465,000
Office buildings
651 University Ave Los Gatos, CA 95032-4415
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1955669
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Construction
WOOD
Total area
3,600 SF
Lot
0.16 ac (6,960 SF)
Zoning code
LM
APN
529-10-084
UPID
US10-1955669
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
-
Pelo Style & Go Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$2.47M
Owner & transaction history
651 University LLC · 2 yrs held
651 University LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
LM · Los Gatos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ily Residential Zone O Zone : Office Zone C-1 Zone : Neighborhood Commercial Zone C-2 Zone : Central Business District Commercial Zone CH Zone : Restricted Highway Commercial Zone CM Zone : Controlled Manufacturing Zone LM Zone : Commercial-Industrial Zone RC Zone : Resource Conservation Zone Conditional Use Permit Table - To determine if a business is consi…
Zone name
Commercial Industrial
General category
INDUSTRIAL
Zone area
26.66 ac
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 Los Gatos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Gatos 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
$2,515,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
$2,250,000
6.5%
$2,080,000
7%
$1,930,000
Blend value · Realmo final
$2.47M
Range $2.22M – $2.71M · ±10% · vs last sale $2.50M (Nov 17 2023)
Last sale anchor
$2.50M
Nov 17 2023
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
$685 / 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
$30,685
Tax year 2024
Assessed value
$2,653,019
Assessed 2024
Previous assessed
$2,653,019
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,114,268
Assessed improvement
$1,538,751
Applied tax rate
3.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
3
Total area
3,600 SF
Lot
0.16 ac (6,960 SF)
Zoning code
LM
APN
529-10-084
UPID
US10-1955669
Jurisdiction
SANTA CLARA
Zoning & alternative use
LM · Los Gatos, CAZoning LM · permitted uses
LM · Los Gatos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ily Residential Zone O Zone : Office Zone C-1 Zone : Neighborhood Commercial Zone C-2 Zone : Central Business District Commercial Zone CH Zone : Restricted Highway Commercial Zone CM Zone : Controlled Manufacturing Zone LM Zone : Commercial-Industrial Zone RC Zone : Resource Conservation Zone Conditional Use Permit Table - To determine if a business is consistent with a particular zone Town of Los Gatos Zoning Map (PDF) For more informati
Zone name
Commercial Industrial
General category
INDUSTRIAL
Zone area
26.66 ac
Building & site characteristics
From public records
Year built
2020
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
651 University LLC
Entity
Mailing address
2850 TIGERTAIL AVE, MIAMI, FL 33133-5306
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2023
—
651 University LLC
Casimir Real Estate II LLC
Intrafamily Transfer
related
—
Dec 9, 2022
—
Casimir Real Estate II LLC
A House Divided LLC
Quit Claim Deed
related
—
Dec 30, 2020
$2,500,000
A House Divided LLC
Airline Highway Fund LLC
Grant Deed
—
Dec 28, 2018
—
Robert Deacon
Deacon,diana C
Quit Claim Deed
related
—
Dec 28, 2018
$1,265,000
Airline Highway Fund LLC
Robert Deacon
Grant Deed
—
Nov 8, 2018
$219,500
Robert Deacon
Magill John J|small L J B O S1990 L Trust Pt
Trustees Deed
—
Aug 3, 2017
—
Baldasano,l J 1990 Trust
—
Deed
related
$178,000 · Beck Gary L 2000 Trust (pt)
May 17, 2017
—
Baldasano,l J 1990 Trust
—
Deed
related
$40,000 · Beck Gary L 2000 Trust (pt)
Jun 30, 2006
$950,000
Baldasano L J 1990
Butler,robert & Sharon
Grant Deed
related
$300,000 · Clarizio Lily Family Trust
Sep 19, 2003
—
Robert Butler
Butler,sharon & Robert
Quit Claim Deed
related
$600,000 · Interbay Funding LLC
Nov 15, 2000
—
Enos Trust
Enos,roy G & Patricia R
Quit Claim Deed
related
—
Nov 15, 2000
$900,000
Butler,sharon & Robert
Enos Trust
Trustees Deed
$585,000 · E F Foley & Co INC
Nov 6, 1998
—
Enos Trust
Enos,roy G & Patricia R
Quit Claim Deed
related
—
Jun 16, 1998
—
Enos Trust
Enos,roy G & Patricia R
Quit Claim Deed
related
—
—
—
Baldasano L J 1990
—
Deed Of Trust
related
$40,000 · Douglas M Gluntz
—
—
Baldasano,l J 1990 Trust|small,sheryl A 1990 Trust
—
Deed Of Trust
related
$100,000 · Beck Gary L 2000 Trust (pt)
—
—
Baldasano L J & S S 1990 Trust
—
Deed Of Trust
related
$807,000 · Union Bank Of California
—
—
Lawrence J Baldasano
—
Deed Of Trust
related
$100,000 · David Comer
—
—
Baldasano,l J 1990 Trust
—
Deed Of Trust
related
$178,000 · Beck Gary L 2000 Trust (pt)
—
—
Baldasano,l J 1990 Trust
—
Deed Of Trust
related
$40,000 · Beck Gary L 2000 Trust (pt)
—
—
Robert Butler
—
Deed Of Trust
related
$45,000 · Anthony Mantia
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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