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Property profile & analytics
OFF-MARKET
Estimated value
$9,820,000
Warehouses
690 Grape Ave Sunnyvale, CA 94087-1031
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-0880158
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
TILT-UP CONCRETE
Total area
49,320 SF
Lot
1.43 ac (62,290 SF)
Zoning code
C2
APN
198-26-032
UPID
US09-0880158
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
-
Grape Avenue Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.82M
Owner & transaction history
Victor H Owen III · 19 yrs held
Victor H Owen III
since 2006
7 recorded transactions
Zoning & alternative use
C2 · Sunnyvale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-2 highway business zoning district is reserved for the construction, use and occupancy of retail commercial buildings, tourist accommodations and service facilities adapted to principal highway commercial zoning districts. (c) The C-3 regional business zoning district is reserved for the construction, use and occupancy of commercial buildings providing…
Zone name
Highway Business
General category
COMMERCIAL
Zone area
22.61 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 Sunnyvale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunnyvale 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$199 / 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
$93,394
Tax year 2024
Assessed value
$7,977,451
Assessed 2024
Previous assessed
$7,977,451
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$3,693,264
Assessed improvement
$4,284,187
Applied tax rate
9.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
417
Total area
49,320 SF
Lot
1.43 ac (62,290 SF)
Zoning code
C2
APN
198-26-032
UPID
US09-0880158
Jurisdiction
SANTA CLARA
Zoning & alternative use
C2 · Sunnyvale, CAZoning C2 · permitted uses
C2 · Sunnyvale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-2 highway business zoning district is reserved for the construction, use and occupancy of retail commercial buildings, tourist accommodations and service facilities adapted to principal highway commercial zoning districts. (c) The C-3 regional business zoning district is reserved for the construction, use and occupancy of commercial buildings providing extensive retail, commercial, shopping, and service facilities to serve the entire city or greater regional area. (d) The C-4 service commercial zoning district is reserved for the construction, use and occupancy of service rather than retail facilities such as repair shops, crafts shops or custom fabricators, contractors' offices, materials suppliers, as well as residential uses. ( Prior zoning code §§ 19.32.100(a), 19.32.110(a), 19.32.120(a), 19.32.125(a) ; Ord. 2623-99
Zone name
Highway Business
General category
COMMERCIAL
Zone area
22.61 ac
Building & site characteristics
From public records
Year built
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
417
Lot
1.43 ac
Current owner
From public records · entity-resolved
Victor H Owen III
Individual
Mailing address
690 GRAPE AVE, SUNNYVALE, CA 94087-1031
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Mar 18, 2020
—
Top Success LLC
—
Deed
related
$7,975,000 · East West Bank
Dec 29, 2006
—
Victor H Owen III
Candace K Owen
Intrafamily Transfer
related
$1,600,000 · Washington Mutual Bank
Oct 21, 2003
—
Top Success LLC
Yee,sandy S
Grant Deed
$3,400,000 · Citibank West Fsb
Feb 15, 2001
—
Sandy S Yee
Yu,chuen C
Quit Claim Deed
related
—
Feb 15, 2001
$5,400,000
Yee,sandy S
Marina Cypress Associates LP
Trustees Deed
$3,400,000 · California Federal Bank
Apr 30, 1999
—
Marina Cypress Associates LP
—
Grant Deed
related
$1,630,000 · Bank Of Los Altos
Nov 18, 1998
$2,000,000
Marina Cypress Associates LP
Kaiser Foundation Health Plan
Grant Deed
$870,000 · Bank Of Los Altos
—
—
Top Success LLC
—
Deed Of Trust
related
$4,410,000 · Citibank NA
—
—
Top Success LLC
—
Deed Of Trust
related
$4,200,000 · First Republic Bank
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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