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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Warehouses
938 Evelyn Ave Sunnyvale, CA 94086-5957
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-2525739
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Construction
WOOD
Total area
9,394 SF
Lot
0.57 ac (24,800 SF)
Zoning code
C4
APN
165-20-019
UPID
US09-2525739
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
-
Evelyn Ave 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
$2.09M
Owner & transaction history
2001 Hu Dea Family Trust · 11 yrs held
2001 Hu Dea Family Trust
since 2014
5 recorded transactions
Zoning & alternative use
C4 · Sunnyvale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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
Service Commercial
General category
COMMERCIAL
Zone area
9.68 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,340,000
Current use
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±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
$222 / 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
$20,946
Tax year 2024
Assessed value
$1,767,416
Assessed 2024
Previous assessed
$1,767,416
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,608,355
Assessed improvement
$159,061
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
1965
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
9,394 SF
Lot
0.57 ac (24,800 SF)
Zoning code
C4
APN
165-20-019
UPID
US09-2525739
Jurisdiction
SANTA CLARA
Zoning & alternative use
C4 · Sunnyvale, CAZoning C4 · permitted uses
C4 · Sunnyvale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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
Service Commercial
General category
COMMERCIAL
Zone area
9.68 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.3M
WAREHOUSE, STORAGE Current
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
1
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
2001 Hu Dea Family Trust
Trust
Mailing address
PO BOX 4403, MOUNTAIN VIEW, CA 94040-0403
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2019
—
Ping Hu Chang
—
Deed
related
$1,212,000 · First Republic Bank
Aug 21, 2014
$1,749,750
2001 Hu Dea Family Trust
Donald N Galbraith
Grant Deed
$1,060,000 · First Republic Bank
Mar 7, 2003
—
Galbraith,tr
Galbraith,tr
Quit Claim Deed
related
—
Nov 21, 1997
—
Galbraith Trust
Galbraith,donald N
Quit Claim Deed
related
—
—
—
Galbraith Trust
—
Deed Of Trust
related
$355,495 · Comerica Bank California
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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