51 University AveLos Gatos, CA 95030

Property Details for 51 University Ave

Lot size

0.13 AC

Zone code

C2

Property type

Office properties

Property subtype

Office buildings

APN

529-03-065

APU

52903065

Description

This exceptional retail property, located at 51 University Avenue in the vibrant city of Los Gatos, California, presents a unique opportunity for businesses seeking prime commercial space in Santa Clara County. The building offers a total of 3,274 square feet, divided into four individual suites, providing flexibility for various retail concepts. Each suite is independently metered, ensuring efficient utility management. Currently, there is a total of 3,799 square feet of vacant space available, offering significant potential for immediate occupancy. The minimum divisible space is 949 square feet, ideal for smaller businesses, while the maximum contiguous space available is 2,325 square feet, suitable for larger retail operations or those requiring more expansive layouts. The property's address, 51 University Avenue, places it in a high-traffic area with excellent visibility and accessibility, ensuring strong foot traffic and brand exposure. The zip code is 95030. This location within Los Gatos offers a thriving community and a desirable demographic for retail businesses. This is a multi-tenant property offering a diverse range of possibilities for businesses seeking a prominent location in a sought-after California market. The property is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $2,476,985

  6.5%

  $2,286,448

  7%

  $2,123,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,575,842

  Geo Method

  $1,575,842

• Alternative Use

  Use

  Valuation

  Residential

  $2,835,196

  Hospitality

  $2,597,024

  Educational

  $2,160,693

  Medical

  $2,235,003

  Retail

  $3,361,078

Location Insight

City

Los Gatos

County

Santa Clara

State

California

Latitude

37.2237

Longitude

-121.982

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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