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    Property profile & analytics

    99 San Jose Ca 95113 San Jose, CA 95113

    • Office Properties & Spaces
    • 12,206 SF
    For Lease
    View listing
    $93 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 99 San Jose Ca 95113

    Property size
    12,206 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This Class A, 12,206 sq ft office building in downtown San Jose offers a variety of workspace solutions. Located near major tech companies like Samsung, Acer, and Adobe, this energy-star certified building boasts 350 suites, with 5,970 sq ft currently vacant. Options include private, fully furnished offices, customizable spaces, coworking areas with dedicated desks or hot-desking, and modern meeting rooms equipped with the latest technology. A virtual office option is also available, providing a professional business address with mail forwarding and call answering services. The building features elevators and underwent renovations in 2019. Minimum leasable space starts at 10 sq ft, with a maximum contiguous space of 1,300 sq ft. Enjoy abundant natural light from large windows and convenient access to San Pedro Square's diverse dining options. Flexible membership options cater to various work styles, offering access to a global network of locations. Note that images may not represent this specific center, and pricing is "starting at" and subject to change based on services selected.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.892
    Latitude
    37.3327

    Comparable in this City

    • Value Estimation by Request
      14,910 SF

      96 Santa Clara St

      Office Properties & Spaces • 14,910 SF
      96 Santa Clara St, San Jose, CA 95113
      View Details
    • Value Estimation by Request
      0.14 Acres

      60 Market St

      OFFICE BUILDING • 0.14 Acres
      60 Market St, San Jose, CA 95113-2351
      View Details
    • Value Estimation by Request
      0.23 Acres

      60 Market St

      OFFICE BUILDING • 0.23 Acres
      60 Market St, San Jose, CA 95113-2351
      View Details
    • Value Estimation
      $5,460,000
      11,736 SF

      35 Santa Clara St

      OFFICE BUILDING • 11,736 SF
      35 Santa Clara St, San Jose, CA 95113-1801
      View Details
    • Value Estimation
      $7,655,000
      100,000 SF

      1 Santa Clara St

      OFFICE BUILDING • 100,000 SF
      1 Santa Clara St, San Jose, CA 95113-1853
      View Details
    • Value Estimation
      $6,595,000
      142,500 SF

      55 Almaden Blvd

      OFFICE BUILDING • 142,500 SF
      55 Almaden Blvd, San Jose, CA 95113-1608
      View Details

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    San Jose, CA 95113
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    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
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