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Property profile & analytics
OFF-MARKET
Estimated value
$30,920,000
Apartment buildings
870 El Camino Real Mountain View, CA 94040-2814
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US09-0482039
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
WOOD
Total area
142,200 SF
Lot
9.1 ac (396,396 SF)
Zoning code
R3-2*
APN
161-11-011
UPID
US09-0482039
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
-
Sadashiva Astrology Services Spiritual Center
-
Reserve at Mountain View Apartments Apartment Complex Apartment Building
-
CTD Solutions Group Consultant
-
Technitto IT Consulting Firm Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$41.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.92M
Owner & transaction history
Tishman Speyer Archstone Smith Moun · 18 yrs held
Tishman Speyer Archstone Smith Moun
since 2007
4 recorded transactions
Zoning & alternative use
R3-2* · Mountain View, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Mountain View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountain View 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$45,050,000
6.5%
$41,585,000
7%
$38,615,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$50,550,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$30.92M
Range $27.83M – $34.01M · ±10%
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
$217 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$49,842,153
Assessed 2023
Previous assessed
$48,880,680
+2.0% YoY
Assessed land
$24,997,819
Assessed improvement
$24,844,334
Applied tax rate
5.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
180
Total area
142,200 SF
Lot
9.1 ac (396,396 SF)
Zoning code
R3-2*
APN
161-11-011
UPID
US09-0482039
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3-2* · Mountain View, CA
Zoning R3-2* · permitted uses
R3-2* · Mountain View, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountain View. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$50.6M
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
180
Lot
9.1 ac
Current owner
From public records · entity-resolved
Tishman Speyer Archstone Smith Moun
Individual
Mailing address
PO BOX 87407, CHICAGO, IL 60680-0407
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2007
—
Tishman Speyer Archstone Smith Moun
Archstone Smith Operating Trust
Grant Deed
$493,329,410 · Lehman Brothers Holding
Oct 31, 2000
—
Archstone Communities Trust
South Park Apartments LLC
Grant Deed
related
—
May 10, 2000
—
South Park Apartments LLC
Balyeat Trust
Grant Deed
related
—
Apr 30, 1998
—
Balyeat Trust
—
Deed Of Trust
related
$10,360,000 · Washington Capital Dus
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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