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    Property profile & analytics

    685 Remington Dr Sunnyvale, CA 94087-1982

    • Office buildings
    • 3,288 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Dec 01, 2021
    $2,150,000
    Value Estimations
    $2,155,000
    Show details
    Cap Rate Potential
    3.6%
    Office buildings
    Location Intelligence
    Property ID
    US09-3253969
    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.

    Current Use by Public Records

    • Wade Lee, D.D.S. / Dental Office
    • Remington Chiropractic - Dr. Pamela Wells, DC / Alternative Medicine Practice
    • Sunnyvale Chiropractic Doctors / Alternative Medicine Practice
    • Robin Douglas DC / Alternative Medicine Practice
    • Shimoto Carol DC / Alternative Medicine Practice

    Property Details for 685 Remington Dr

    Year built
    1976
    Construction
    TILT-UP CONCRETE
    Lot size
    0.38 lot acres
    Property size
    3,288 SF
    Zone code
    R4PD
    Property type
    Office buildings
    APN
    211-20-046
    APU
    21120046

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,165,000
      ML approach
      $2,160,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,847,000
      Market price range: $955k - $2.95M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,075,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,380,000
      Change: +63% Conversion: Difficult
      RETAIL STORES
      $1,855,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunnyvale
    County
    Santa Clara
    State
    California
    Longitude
    -122.026
    Latitude
    37.3599
    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
    $26,207
    $1,976,760
    $260,100
    $2,236,860
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,800,000
      24,120 SF

      500 Remington Dr

      OFFICE BUILDING • 24,120 SF
      500 Remington Dr, Sunnyvale, CA 94087-2657
      View Details
    • Value Estimation
      $1,295,000
      5,972 SF

      1310 Mary Ave

      OFFICE BUILDING • 5,972 SF
      1310 Mary Ave, Sunnyvale, CA 94087-3130
      View Details
    • Value Estimation
      $595,000
      1,992 SF

      1565 Hollenbeck Ave Ste, Unit 104

      OFFICE BUILDING • 1,992 SF
      1565 Hollenbeck Ave Ste, Sunnyvale, CA 94087-4300
      View Details
    • Value Estimation
      $3,550,000
      18,582 SF

      411 El Camino Real

      OFFICE BUILDING • 18,582 SF
      411 El Camino Real, Sunnyvale, CA 94087-1939
      View Details
    • Value Estimation
      $2,430,000
      6,920 SF

      755 Bernardo Ave

      OFFICE BUILDING • 6,920 SF
      755 Bernardo Ave, Sunnyvale, CA 94087-1022
      View Details
    • Value Estimation
      $1,195,000
      4,001 SF

      1110 Sunnyvale Saratoga Rd

      OFFICE BUILDING • 4,001 SF
      1110 Sunnyvale Saratoga Rd, Sunnyvale, CA 94087-2594
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,878 SF

      Retail Space on El Camino

      Retail property at signalized intersection with parking and rollup.
      999 E El Camino Real, Sunnyvale, CA 94087
      View Details
    • $1,775,000
      Pending

      Reseda Drive Property For Sale

      Property available for purchase on Reseda Drive, Sunnyvale.
      745 Reseda Dr, Sunnyvale, CA 94087
      View Details
    • $2,699,998
      0.22 Acres

      Sunnyvale Buildable Lot Opportunity

      Premier buildable lot in desirable Sunnyvale neighborhood.
      1340 Rosalia Ave, Sunnyvale, CA 94087
      View Details
    • $1,775,000
      Pending

      Sunnyvale Triplex Investment Opportunity

      Well-maintained triplex in Sunnyvale with strong rental appeal.
      745 Reseda Dr, Sunnyvale, CA 94087
      View Details
    • $2,699,998
      0.22 Acres

      Shovel-Ready Development Opportunity in Sunnyvale

      Permitted land parcel ready for immediate luxury home construction.
      1344 Rosalia Ave, Sunnyvale, CA 94087
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Sunnyvale Office or Medical Space

      Commercial space suitable for office or medical use for rent.
      922 E Fremont Ave, Sunnyvale, CA 94087
      View Details
    • Contact for pricing
      1,100 SF

      Top Floor Corner Office Space

      Corner office with outdoor patio, multiple offices and conference rooms.
      333 W El Camino Real, Sunnyvale, CA 94087
      View Details
    • $4 SF/Yr
      775 SF

      Sunnyvale Dental/Medical Office Space

      Dental/medical office space in a high-traffic Sunnyvale location.
      Remington Dr, Sunnyvale, CA 94087
      View Details
    • Contact for pricing
      116,109 SF

      Sunnyvale Retail Center Investment Opportunity

      High-income area, prime retail space available.
      1695 Hollenbeck Ave, Sunnyvale, CA 94087
      View Details
    • Contact for pricing
      4,300 SF

      El Camino Real Retail Space

      Retail space on El Camino Real in Sunnyvale, CA.
      201-274 W El Camino Real, Sunnyvale, CA 94087
      View Details
    • Contact for pricing
      2,306 SF

      Retail Space in Sunnyvale Core

      Retail space with ample parking in Sunnyvale's retail core.
      751 East El Camino Real, Sunnyvale, CA 94087
      View Details
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    Sunnyvale, CA 94087-1982
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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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