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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1017 Meridian Ave San Jose, CA 95125-4322

    • Office buildings
    • 1,650 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    May 02, 2022
    $1,100,000
    Value Estimations
    $885,000
    Show details
    Cap Rate Potential
    8%
    Office buildings
    Location Intelligence
    Property ID
    US09-2229684
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pamela Farrington: Allstate Insurance / Life Insurance Agency / Motorcycle Insurance Agency
    • jbj / Sukiyaki And Shabu Shabu Restaurant
    • Sanando Al Mundo / Massage Therapist
    • Sobador Profesional Guillermo Olmedo / Physical Therapist

    Property Details for 1017 Meridian Ave

    Year built
    1950
    Construction
    WOOD FRAME
    Lot size
    0.28 lot acres
    Property size
    1,650 SF
    Zone code
    R1
    Property type
    Office buildings
    APN
    284-08-012
    APU
    28408012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $775,000
      ML approach
      $795,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,030,000
      6.5%
      $955,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,090,000
      Market price range: $367k - $1.09M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $785,000
      Current use
      WAREHOUSE, STORAGE
      $755,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $655,000
      Change: -17% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.914
    Latitude
    37.3064
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $14,952
    $936,360
    $208,080
    $1,144,440
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $360,000
      3,402 SF

      1565 Meridian Ave

      OFFICE BUILDING • 3,402 SF
      1565 Meridian Ave, San Jose, CA 95125
      View Details
    • Value Estimation
      $910,000
      29,980 SF

      1165 Lincoln Ave

      OFFICE BUILDING • 29,980 SF
      1165 Lincoln Ave, San Jose, CA 95125-3043
      View Details
    • Value Estimation
      $360,000
      18,692 SF

      1550 Leigh Ave

      OFFICE BUILDING • 18,692 SF
      1550 Leigh Ave, San Jose, CA 95125-5301
      View Details
    • Value Estimation
      $340,000
      4,632 SF

      2211 Lincoln Ave

      OFFICE BUILDING • 4,632 SF
      2211 Lincoln Ave, San Jose, CA 95125-3544
      View Details
    • Value Estimation
      $310,000
      4,200 SF

      1825 Hamilton Ave

      OFFICE BUILDING • 4,200 SF
      1825 Hamilton Ave, San Jose, CA 95125-5624
      View Details
    • Value Estimation
      $215,000
      1,359 SF

      1723 Hamilton Ave Ste, Unit 100

      OFFICE BUILDING • 1,359 SF
      1723 Hamilton Ave Ste, San Jose, CA 95125-5428
      View Details

    Similar Nearby for Sale

    • $4,325,750

      San Jose Mixed-Use Investment Opportunity

      Three buildings on two parcels in desirable Willow Glen neighborhood.
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      San Jose Office Buildings For Sale

      Three buildings on two parcels with flexible lease terms.
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    • $2,300,000

      San Jose Office Building

      Office building for sale in San Jose, California.
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    • Contact for pricing
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      San Jose Office Building For Sale

      Office building with convenient access and on-site parking.
      1855 Hamilton Ave, San Jose, CA 95125
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    • $1,795,000
      1,975 SF

      Turnkey Office Near Downtown Willow

      Strategically located office building near Downtown Willow Glen district.
      Meridian Ave, San Jose, CA 95125
      View Details
    • $1,795,000
      1,975 SF

      Turnkey Office Near Downtown Willow

      Strategically located office building near Downtown Willow Glen district.
      1414 Meridian Ave, San Jose, CA 95125
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      1,400 SF

      San Jose Office Space Available

      Office space for rent in San Jose with open floorplan.
      2280 Lincoln Ave, San Jose, CA 95125
      View Details
    • $46 SF/Yr
      1,186 SF

      San Jose Office Space - Lincoln Ave

      Prime San Jose Office, Single Tenant
      1203 Lincoln Ave, San Jose, CA 95125
      View Details
    • $7,000 /Mo
      2,000 SF

      San Jose Commercial Space Available

      2000 sqft office/retail space for rent in San Jose.
      Lincoln Ave, San Jose, CA 95125
      View Details
    • $2.00 SF/Yr
      6,730 SF

      San Jose Office Space Available

      6,730 SF office space for rent in San Jose.
      1777 Hamilton Ave, San Jose, CA 95125
      View Details
    • $30 SF/Yr
      1,045 SF

      Office Space with Balcony

      Office building with on-site parking, ideal for start-ups.
      1302 Lincoln Ave, San Jose, CA 95125
      View Details
    • Contact for pricing
      1,096 SF

      Downtown Willow Glen Office Space

      Office space available for lease in downtown Willow Glen.
      1163-1167 Lincoln Ave, San Jose, CA 95125
      View Details
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    1017 Meridian Ave
    San Jose, CA 95125-4322
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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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