496 1St StLos Altos, CA 94022
- Office properties
- 20,400 SF
Property Details for 496 1St St
- Year built
- 1997
- Construction
- WOOD
- Lot size
- 0.88 AC
- Property size (Sq ft)
- 20,400 SF
- Zone code
- CD
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 167-41-061
- APU
- 16741061
Description
This exceptional 5,115-square-foot Class A office suite in Los Altos, California, presents a unique opportunity for a single tenant. Located at 496 1st St, 94022, within Santa Clara County, this property boasts a prestigious address and ample on-site parking. The space features a double-door glass front entry, a reception counter with built-in cabinetry, an executive corner office, and a large corner conference room with expansive glass windows. Eleven private offices are included, nine of which offer exterior glass lines, maximizing natural light and providing impressive views. A large open office area offers flexibility for various team configurations. A convenient kitchenette and sink are also included. The suite is part of a larger 20,000-square-foot building. Monument signage is available, enhancing visibility and brand recognition. For the initial year of a minimum three-year lease, the effective net, net, net (NNN) rate is $5.21 per rentable square foot (RSF) per month. This turnkey solution offers immediate occupancy in a highly desirable location. The property is categorized as both Traditional and Executive Office space.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $12,671,809
- 6.5%
- $11,697,054
- 7%
- $10,861,550
-
Comparable approach
- Method
- Valuation
- Relative Method
- $9,879,883
- Geo Method
- $5,689,764
-
Alternative Use
- Use
- Valuation
- Residential
- $14,504,347
- Hospitality
- $13,285,904
- Educational
- $11,053,716
- Medical
- $11,433,871
- Retail
- $17,194,670
Location Insight
- City
- Los Altos
- County
- Santa Clara
- State
- California
- Latitude
- 37.3741
- Longitude
- -122.115
- CBSA code
- 41940
- CBSA name
- SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Lease
FAQs
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