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    Property profile & analytics

    897 Independence Ave Mountain View, CA 94043-2341

    • Office buildings
    • 36,780 SF
    • 2.57 lot acres
    OFF-MARKET
    Last Sale
    Jun 03, 2025
    $1,055,000
    Value Estimations
    $1,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1803567
    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

    • Lund Pearson McLaughlin Fire Protection Systems / Production Facility / Building Supply
    • Kinetic River / Consultant
    • Compact Imaging Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • Medhus Bio, Inc. / Research Institute
    • Rocio Guitard Vocal Studio / Vocational School / Training Center

    Property Details for 897 Independence Ave

    Year built
    1979
    Construction
    TILT-UP CONCRETE
    Lot size
    2.57 lot acres
    Property size
    36,780 SF
    Zone code
    MM-40
    Property type
    Office buildings
    APN
    147-06-045
    APU
    14706045

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,685,000
      ML approach
      $2,070,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,198,000
      Market price range: $1.96M - $12.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountain View
    County
    Santa Clara
    State
    California
    Longitude
    -122.096
    Latitude
    37.4176
    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
    $44,030
    $1,675,487
    $1,810,274
    $3,485,761
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $17,780,000
      42,388 SF

      1875 Landings Dr

      OFFICE BUILDING • 42,388 SF
      1875 Landings Dr, Mountain View, CA 94043-0848
      View Details
    • Value Estimation
      $5,000,000
      11,438 SF

      2032 Leghorn St

      OFFICE BUILDING • 11,438 SF
      2032 Leghorn St, Mountain View, CA 94043
      View Details
    • Value Estimation
      $4,050,000
      10,820 SF

      1987 Leghorn St

      OFFICE BUILDING • 10,820 SF
      1987 Leghorn St, Mountain View, CA 94043-1798
      View Details
    • Value Estimation
      $11,920,000
      43,488 SF

      490 Middlefield Rd

      OFFICE BUILDING • 43,488 SF
      490 Middlefield Rd, Mountain View, CA 94043-4006
      View Details
    • Value Estimation
      $34,170,000
      127,896 SF

      1500 Salado Dr

      OFFICE BUILDING • 127,896 SF
      1500 Salado Dr, Mountain View, CA 94043-1114
      View Details
    • Value Estimation
      $23,500,000
      48,000 SF

      1501 Salado Dr

      OFFICE BUILDING • 48,000 SF
      1501 Salado Dr, Mountain View, CA 94043-1110
      View Details

    Similar Nearby for Sale

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      Freestanding Office Building For Sale

      Freestanding office building with easy highway access and parking.
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      2,548 SF

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      Office/R&D condo with private offices, conference room, and amenities.
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      Prime location, value-add opportunity.
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    Similar Nearby for Lease

    • $4 SF/Yr

      Renovated Freestanding Office/Lab Building

      Class-A renovated office/lab building with high power and parking.
      325 East Middlefield Rd, Mountain View, CA 94043
      View Details
    • Contact for pricing
      62,905 SF

      Mountain View Office Space Available

      62,905 SF office space for rent in Mountain View.
      2675 Coast Ave, Mountain View, CA 94043
      View Details
    • $5 SF/Yr
      156,501 SF

      Mountain View Office Space Available

      Office building with 156501 square feet available for rent.
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    • Contact for pricing
      37,872 SF

      Mountain View Office Space Available

      Modern office building with outdoor amenities and convenient transportation access.
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      View Details
    • Contact for pricing
      23,347 SF

      New Class A Office Building

      New construction office building with flexible design in Mountain View.
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      View Details
    • Contact for pricing
      1,569 SF

      Class A Office Space Available

      Two-story office building with golf course views and extensive glassline.
      559 Clyde Ave, Mountain View, CA 94043
      View Details
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    897 Independence Ave
    Mountain View, CA 94043-2341
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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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