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Property profile & analytics
OFF-MARKET
Estimated value
$5,045,000
Outlet malls
1011 Timothy Dr San Jose, CA 95133-1043
Trust Owned
~
Est. High Equity
Property ID
US09-0917071
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1970
Total area
41,414 SF
Lot
1.95 ac (84,942 SF)
Zoning code
HI, L
APN
254-13-118
UPID
US09-0917071
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Nu Coast Inc (Bike/Boat/Book/etc) Store
-
Phantom Manufacturing Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.05M
Owner & transaction history
Jay Lee Revocable Living Trust
Jay Lee Revocable Living Trust
since 2026
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
HI, L · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Jose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Jose submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,580,000
ML approach
$4,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.05M
Range $4.54M – $5.55M · ±10% · vs last sale $5.50M (Sep 16 2021)
Last sale anchor
$5.50M
Sep 16 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$122 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$89,096
Tax year 2024
Assessed value
$6,383,217
Assessed 2024
Previous assessed
$6,383,217
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$3,481,755
Assessed improvement
$2,901,462
Applied tax rate
17.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1970
Heating
NONE
Total area
41,414 SF
Lot
1.95 ac (84,942 SF)
Zoning code
HI, L
APN
254-13-118
UPID
US09-0917071
Jurisdiction
SANTA CLARA
Zoning & alternative use
HI, L · San Jose, CA
Zoning HI, L · permitted uses
HI, L · San Jose, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Jose. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Lot
1.95 ac
Current owner
From public records · entity-resolved
Jay Lee Revocable Living Trust
Trust
Mailing address
1011 TIMOTHY DR, SAN JOSE, CA 95133-1043
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2026
—
Jay Lee Revocable Living Trust
Ho Lee
Grant Deed
—
Sep 16, 2021
—
Jay H Lee
Jay H Lee
Intrafamily Transfer
related
$3,350,000 · California Bank Of Commerce
Dec 5, 2017
—
Gene H Lee
—
Deed
related
$2,500,000 · Homestreet Bank
Nov 10, 2015
$5,500,000
Gene H Lee
Lin,paul
Grant Deed
—
Nov 10, 2015
—
Jay H Lee
Lu,pei-ling
Quit Claim Deed
related
—
Feb 6, 2007
—
Wu Chi-ray & Pei-hsun Trust
Wu,chi-ray & Pei-hsun
Quit Claim Deed
related
—
Sep 1, 1999
—
Paul Lin
Burney Enterprises Partnership
Grant Deed
$2,250,000 · California Bank & Trust
—
—
Burney Enterpris
—
Deed Of Trust
related
$100,000 · Pacific Western National Bank
—
—
Otsuki T D
—
Deed Of Trust
related
$350,000 · Sumitomo Bank
—
—
Burney Enterprises
—
Deed Of Trust
related
$1,000,000 · Comerica Bank California
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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