This exceptional 4,800-square-foot industrial property, situated on a 0.74-acre lot at 295 Commercial Street in Sunnyvale, California, presents a compelling investment opportunity in the heart of Silicon Valley. Located directly behind the Apple Campus, this property boasts an enviable location with high visibility and accessibility. Currently configured as a former auto shop, the site is zoned M1 (Light Industrial), offering significant flexibility for redevelopment. The expansive 33,498-square-foot lot allows for a variety of development options, including a modern hotel catering to the high demand from business travelers and tech professionals, a state-of-the-art office complex designed to attract tech companies and startups, or an innovative technology/AI hub fostering collaboration and research. The property's zoning permits a building height of up to eight floors, maximizing development potential and return on investment. This prime location, coupled with the versatile zoning and the long-term growth prospects of the thriving Silicon Valley tech region, makes this a truly exceptional investment opportunity. The property's proximity to the Apple Campus ensures consistent high demand for commercial development, guaranteeing a strong return on investment for the discerning buyer.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,617,004
6.5%
$2,415,696
7%
$2,243,146
Comparable approach
Method
Valuation
Relative Method
$3,373,695
Geo Method
$3,373,695
Alternative Use
Use
Valuation
Residential
$2,037,730
Hospitality
$1,866,549
Educational
$1,552,947
Medical
$1,606,355
Retail
$2,415,696
Location Insight
City
Sunnyvale
County
Santa Clara
State
California
Latitude
37.3802
Longitude
-122.008
CBSA code
41940
CBSA name
SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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