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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Manufacturing properties
1055 Chestnut St San Jose, CA 95110
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2151473
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Year built
1967
Construction
TILT-UP CONCRETE
Total area
3,782 SF
Lot
0.09 ac (3,827 SF)
Zoning code
LI
APN
230-23-029
UPID
US09-2151473
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$855k
Blend (final)
Blend
$625k
Owner & transaction history
Michael W Hartley · 2 yrs held
Michael W Hartley
since 2024
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
LI · 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
$625,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Mar 20 2024)
Last sale anchor
$625k
Mar 20 2024
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
$165 / 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
$6,979
Tax year 2024
Assessed value
$515,361
Assessed 2024
Previous assessed
$515,361
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$159,905
Assessed improvement
$355,456
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
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Status
Off-Market
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
3,782 SF
Lot
0.09 ac (3,827 SF)
Zoning code
LI
APN
230-23-029
UPID
US09-2151473
Jurisdiction
SANTA CLARA
Zoning & alternative use
LI · San Jose, CA
Zoning LI · permitted uses
LI · 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
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Michael W Hartley
Individual
Free & Clear · 2 yrs held
Mailing address
601 HAMLINE ST, SAN JOSE, CA 95110-1108
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2024
—
Michael W Hartley
Julie A Hartley
Intrafamily Transfer
related
—
Feb 28, 2024
—
Suzanne C Greene
Suzanne C Greene
Intrafamily Transfer
related
—
Dec 19, 2019
$625,000
Salco Properties LLC
Salamida J J JR & P R Trust
Grant Deed
—
Nov 22, 2019
—
Salco Properties LLC
Julie A Hartley
Quit Claim Deed
—
Feb 21, 2017
—
Julie A Hartley
Merhige Joann E
Quit Claim Deed
related
—
Feb 20, 2014
—
Salamida,john L & D A Trust
Salamida J L & D A Trust
Quit Claim Deed
related
—
Sep 25, 2000
—
Salamida Trust
Salamida,joseph J & Paulette R
Quit Claim Deed
related
—
Nov 4, 1993
—
John&diane,salamida Trust
Salamida,joseph
Quit Claim Deed
related
—
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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