Sign Up Successful!
You now have access to more from Realmo!
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

    985 University Ave Los Gatos, CA 95032

    • Office buildings
    • 34,520 SF
    • 2.63 lot acres
    For Lease
    View listing
    $47 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2678080
    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

    • INB Insurance Services Corporation / Insurance Agency
    • Jerome A Bellotti & Associates, A Division of SingerLewak / Accounting Firm / Bookkeeping Service
    • Farmers Insurance - Jp Bernard / Insurance Agency / Auto Insurance Agency
    • Sierra Nevada Corporation / Manufacturer
    • Bay Area Parents Magazine / Newspaper Publisher

    Property Details for 985 University Ave

    Year built
    1979
    Construction
    TILT-UP CONCRETE
    Lot size
    2.63 lot acres
    Property size
    34,520 SF
    Zone code
    CM
    Property type
    Office buildings
    APN
    424-31-067
    APU
    42431067

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Gatos
    County
    Santa Clara
    State
    California
    Longitude
    -121.967
    Latitude
    37.2513
    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
    $81,247
    $3,876,328
    $2,931,672
    $6,808,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $510,000
      0.44 Acres

      250 Blossom Hl Rd

      OFFICE BUILDING • 0.44 Acres
      250 Blossom Hl Rd, Los Gatos, CA 95032-4400
      View Details
    • Value Estimation by Request

      320 Dardanelli Ln

      OFFICE BUILDING
      320 Dardanelli Ln, Los Gatos, CA 95032-1440
      View Details
    • Value Estimation by Request
      0.01 Acres

      15251 National Ave, Unit 57

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 0.01 Acres
      15251 National Ave, Los Gatos, CA 95032-2400
      View Details
    • Value Estimation by Request
      220 SF

      15000 Los Gatos Blvd Ste, Unit 6

      OFFICE BUILDING • 220 SF
      15000 Los Gatos Blvd Ste, Los Gatos, CA 95032-2017
      View Details
    • Value Estimation
      $39,630,000
      112,470 SF

      101 Albright Way

      OFFICE BUILDING • 112,470 SF
      101 Albright Way, Los Gatos, CA 95032-1801
      View Details
    • Value Estimation
      $5,630,000
      14,957 SF

      15991 Los Gatos Blvd

      OFFICE BUILDING • 14,957 SF
      15991 Los Gatos Blvd, Los Gatos, CA 95032-3416
      View Details

    Similar Nearby for Sale

    • $3,395,000
      1,225 SF

      Freestanding Office Buildings For Sale

      Two office buildings with parking, leased through January 2025.
      569 University Ave, Los Gatos, CA 95032
      View Details
    • $3,395,000
      3,650 SF

      Freestanding Office Buildings in Los Gatos

      Two office buildings with parking in Los Gatos, CA.
      569-573 University Ave, Los Gatos, CA 95032
      View Details
    • $1,215,000

      Land For Sale Los Gatos

      Land available for sale in Los Gatos, California.
      14721 Shannon Rd, Los Gatos, CA 95032
      View Details
    • $525,000

      14685 Oka Rd 28, Los Gatos, CA 95032

      Commercial land
      14685 Oka Rd, Los Gatos, CA 95032
      View Details
    • $5,300,000
      6,140 SF

      Los Gatos Industrial Lot

      6,140 SF industrial property on a 16,740 SF lot.
      615 University Ave, Los Gatos, CA 95032
      View Details
    • $1,750,000
      0.35 Acres

      Los Gatos Residential Land Opportunity

      Residential land in Los Gatos, build your dream home!
      403 Montclair Rd, Los Gatos, CA 95032
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,569 SF

      Spanish-Style Office Campus For Rent

      Two-building office campus with modern amenities and customizable floor plans.
      150 Winchester Cir, Los Gatos, CA 95032
      View Details
    • Contact for pricing
      27,113 SF

      Los Gatos Office Space Available

      Office space available for sublease in Los Gatos, CA.
      100 Winchester Cir, Los Gatos, CA 95032
      View Details
    • $47 SF/Yr
      2,179 SF

      Los Gatos Office Space Available

      Professional office park in a premier west valley location.
      16615 Lark Ave, Los Gatos, CA 95032
      View Details
    • $3 SF/Yr
      7,009 SF

      Los Gatos Office Space Available

      New office space with open configuration and specialized medtech facilities.
      140-162 Knowles Dr, Los Gatos, CA 95032
      View Details
    • $3 SF/Yr
      900 SF

      Remodeled Medical Office Space

      Medical office space with exam rooms near Good Samaritan Hospital.
      14547 S Bascom Ave, Los Gatos, CA 95032
      View Details
    • Contact for pricing
      972 SF

      Los Gatos Retail/Office Space

      Retail and office spaces available in Los Gatos, CA.
      15495 Los Gatos Blvd, Los Gatos, CA 95032
      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.
    985 University Ave
    Los Gatos, CA 95032
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.