Entity Owned Property summary
AI-generated overview
This exceptional 1,400 square foot retail space is ideally situated at 1700 Newbury Park Drive in San Jose, California, within the vibrant Santa Clara County. Currently entirely vacant, this property presents a unique opportunity for a single tenant to establish a prominent presence in a bustling commercial area. The space is categorized as a commercial retail property with multiple tenancy potential, offering significant flexibility for various business types. The entire 1,400 square feet is available for lease, providing ample room for a wide range of retail operations. The property's address is 1700 Newbury Park Dr, San Jose, CA 95133, offering convenient access for customers and employees alike. Its prime location within San Jose ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving market. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this versatile retail space offers. This is a fantastic opportunity to secure a well-located, sizable retail space in a desirable area of San Jose. The property is zoned for commercial use and is ready for immediate lease. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2017
Construction
WOOD
Total area
230,946 SF
Lot
2.86 ac (124,582 SF)
Zoning code
I
APN
254-04-108
UPID
US09-5209805
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tanning Salon
-
Alternative Medicine Practice Spa & Massage Center
-
Hair Salon
-
Charitable Organization Social Service Agency
-
Hair Salon
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$73.90M
Comparable Approach
Comparable
$120.66M
Blend (final)
Blend
$97.44M
Owner & transaction history
since 2025
Last sale
$97.6M
3 recorded transactions
Zoning & alternative use
I · San Jose, CA
Top alternative use upside
Retail stores
$110.5M
+30.6%
Warehouse, storage
$105.7M
+25.0%
Office building
$90.7M
+7.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$97.44M
Value range
$87.70M – $107.18M
±10% around blend
Estimated value / SF
$422 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$87.70M
blend $97.44M
$107.18M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
230,946 SF
Lot area
2.86 ac
Year built
2017
Stories
5
APN
254-04-108
Zoning
I
Assessed value
$110,973,395
Annual tax
$1,536,319
3
Income approach: direct capitalization
Partial preview
Income approach indication
$73.90M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$80.06M
@ 6.5% CAP return
$73.90M
@ 7% CAP return
$68.63M
4
Sales comparison
Partial preview
Sales approach indication
$120.66M
Range $51.20M – $120.66M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$97.44M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 338 sales
$366
+15%
County 711 sales
$418
+1%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $422/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+31%
vs current-use indication
Warehouse, Storage
Office Building
Apartment House (5+ Units) · current use
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$97.60M
Move the market yield to see immediate price impact.
Value / SF
$423
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$6.15M
$122.98M
$87.84M
$68.32M
$6.83M
$136.64M
$97.60M
$75.91M
$7.52M
$150.30M
$107.36M
$83.50M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,536,319
Tax year 2024
Assessed value
$110,973,395
Assessed 2024
Previous assessed
$110,973,395
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$15,546,929
Assessed improvement
$95,426,466
Applied tax rate
17.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Stories
5
Units
230
Total area
230,946 SF
Lot
2.86 ac (124,582 SF)
Zoning code
I
APN
254-04-108
UPID
US09-5209805
Jurisdiction
SANTA CLARA
Zoning & alternative use
I · San Jose, CAZoning I · permitted uses
I · San Jose, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
5
Units
230
Lot
2.86 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I
Jurisdiction
San Jose, CA
Recorded code
I
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I in San Jose, CA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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