Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    701 1st Ave Sunnyvale, CA 94089-1019

    • Office buildings
    • 181,709 SF
    • 24.01 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1267321
    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

    • EVConnect Charging Station / Electric Vehicle Charging Station
    • Shell Recharge Charging Station / Electric Vehicle Charging Station
    • Digestible Chunks / Business Management Consultant
    • Numbers For Support / Computer & Electronic Repair / Tech Support Center
    • Xsoftsys / Tech Support Center / (Bike/Boat/Book/etc) Store

    Property Details for 701 1st Ave

    Year built
    2001
    Lot size
    24.01 lot acres
    Property size
    181,709 SF
    Zone code
    MPI
    Property type
    Office buildings
    APN
    110-44-008
    APU
    11044008

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $71,815,000
      6.5%
      $66,290,000
      7%
      $61,555,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunnyvale
    County
    Santa Clara
    State
    California
    Longitude
    -122.025
    Latitude
    37.4185
    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
    2022
    $0.00
    $186,899,544
    $342,473,968
    $529,373,512
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $990,000
      0.84 Acres

      Mathilda Ave

      OFFICE BUILDING • 0.84 Acres
      Mathilda Ave, Sunnyvale, CA 94089
      View Details
    • Value Estimation by Request
      288,259 SF

      1155 Borregas Ave

      OFFICE BUILDING • 288,259 SF
      1155 Borregas Ave, Sunnyvale, CA 94089-1306
      View Details
    • Value Estimation by Request
      288,259 SF

      1175 Borregas Ave

      OFFICE BUILDING • 288,259 SF
      1175 Borregas Ave, Sunnyvale, CA 94089-1306
      View Details
    • Value Estimation by Request
      264,556 SF

      1225 Crossman Ave

      OFFICE BUILDING • 264,556 SF
      1225 Crossman Ave, Sunnyvale, CA 94089-1103
      View Details
    • Value Estimation by Request
      316,604 SF

      1000 Enterprise Way

      OFFICE BUILDING • 316,604 SF
      1000 Enterprise Way, Sunnyvale, CA 94089-1413
      View Details
    • Value Estimation by Request
      316,604 SF

      1020 Enterprise Way

      OFFICE BUILDING • 316,604 SF
      1020 Enterprise Way, Sunnyvale, CA 94089-1411
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      50,112 SF

      Freestanding Office/R&D Building For Sale

      50,112 SF Office/R&D building with high power and amenities.
      220 Humboldt Ct, Sunnyvale, CA 94089
      View Details
    • Contact for pricing
      15,400 SF

      Sunnyvale Office/R&D Building For Sale

      15,400 SF office/R&D building on 1.11 acre corner parcel.
      1296 Lawrence Station Rd, Sunnyvale, CA 94089
      View Details
    • $6,900,000

      Sunnyvale Industrial/R&D Building For Sale

      Industrial/R&D building with office space, great for owner-user.
      1290 Reamwood Ave, Sunnyvale, CA 94089
      View Details
    • $6,900,000
      19,966 SF

      Sunnyvale Industrial/R&D Building For Sale

      19,966 SF industrial/R&D building on 0.66 acre lot.
      1290 Reamwood Ave, Sunnyvale, CA 94089
      View Details
    • $4,995,000
      13,600 SF

      Sunnyvale Flex Office/Warehouse Space

      Flex space featuring office and warehouse components in Sunnyvale, CA.
      1260 Birchwood Dr, Sunnyvale, CA 94089
      View Details
    • Contact for pricing
      19,966 SF

      Sunnyvale Industrial/RD Building For Sale

      19,966 SF industrial/RD building on 28,752 SF parcel.
      1290 Reamwood Ave, Sunnyvale, CA 94089
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      141,375 SF

      Prominent Office Building with Plaza

      Office building with spacious first floor and outdoor plaza.
      1389 Moffett Park Dr, Sunnyvale, CA 94089
      View Details
    • $4 SF/Yr
      20,641 SF

      Office Building with Expansion Potential

      Three-story office building with expansion potential in Sunnyvale, CA.
      1376 Bordeaux Dr, Sunnyvale, CA 94089
      View Details
    • $4 SF/Yr
      61,921 SF

      Three-Story Office Building Project

      Three-story office building project with expansion potential and ample parking.
      1380 Bordeaux Dr, Sunnyvale, CA 94089
      View Details
    • $1.99 SF/Yr
      24,743 SF

      Moffett Park Office/Warehouse Space

      24,743 RSF office and warehouse space for lease.
      1329 Moffett Park Dr, Sunnyvale, CA 94089
      View Details
    • $2 SF/Yr
      37,600 SF

      Sunnyvale Office Space For Rent

      Office space available in Sunnyvale, with easy highway access.
      960-1000 Hamlin Ct, Sunnyvale, CA 94089
      View Details
    • $6,960 /Mo
      19,966 SF

      Sunnyvale Warehouse with Fenced Yard

      19,966 SF warehouse with 8,000 SF fenced yard.
      1290 Reamwood Ave, Sunnyvale, CA 94089
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 1st Ave
    Sunnyvale, CA 94089-1019
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!