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Property profile & analytics
FOR LEASE
Office buildings
949 Sherwood Ave Los Altos, CA 94022
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2301717
For Lease
1 / 2
$51 SF/Yr
949 Sherwood Ave, Los Altos, CA 94022
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
4,000 SF
Lot
0.11 ac (4,960 SF)
Zoning code
CN
APN
170-01-063
UPID
US09-2301717
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
-
Marina J. Rose, DC Alternative Medicine Practice
-
Julie Scott Nutrition Weight Loss Service Nutritionist
-
Back In Balance Alternative Medicine Practice
-
Dr. Anjali Agrawal- Back In Balance Alternative Medicine Practice
-
Family Care Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$995k
Blend (final)
Blend
$1.65M
Owner & transaction history
Joseph J Krackeler III · 2 yrs held
Joseph J Krackeler III
since 2023
7 recorded transactions
Zoning & alternative use
CN · Los Altos, 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 Los Altos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Altos 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
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±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
$411 / 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
$11,115
Tax year 2024
Assessed value
$826,669
Assessed 2024
Previous assessed
$826,669
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$236,529
Assessed improvement
$590,140
Applied tax rate
11.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1985
Heating
NONE
Cooling
YES
Stories
2
Total area
4,000 SF
Lot
0.11 ac (4,960 SF)
Zoning code
CN
APN
170-01-063
UPID
US09-2301717
Jurisdiction
SANTA CLARA
Zoning & alternative use
CN · Los Altos, CA
Zoning CN · permitted uses
CN · Los Altos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Altos. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Joseph J Krackeler III
Individual
Free & Clear · 2 yrs held
Mailing address
14115 7TH ACRES LN, LOS ALTOS HILLS, CA 94022-2679
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2023
—
Joseph J Krackeler III
949 Sherwood LLC
Quit Claim Deed
related
—
Nov 2, 2020
—
949 Sherwood LLC
Krackeler 1980 Family Trust
Quit Claim Deed
—
Jan 11, 2000
—
Krackeler Trust
Krackeler Trust
Quit Claim Deed
related
—
Mar 23, 1995
$60,000
Krackeler Trust
Gilmartin,william A & Dolores
Grant Deed
related
—
Jan 28, 1994
—
Delores Gilmartin
Gilmartin,delore
Quit Claim Deed
related
$487,500 · San Rafael Thrift & Loan
Aug 2, 1988
$111,500
Willia Gilmartin
Gilmartin,w.
Grant Deed
related
—
Jul 19, 1988
$110,000
Willia Gilmartin
Marti
Grant Deed
related
—
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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