Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1115 Luchessi Dr San Jose, CA 95118-3711
    Property profile & analytics

    1115 Luchessi Dr, San Jose, CA 95118-3711

    View on Map
    • Office buildings
    • 3,179 SF
    • 0.34 lot acres
    Off-Market
    Property ID
    US10-3100032
    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.
    Value Estimations
    $805,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wildwood Veterinary Hospital / Veterinary Clinic
    • Sanders Chris DVM / Veterinary Clinic

    Property Details for 1115 Luchessi Dr

    Year built
    1964
    Construction
    WOOD
    Lot size
    0.34 lot acres
    Zone code
    1
    Property type
    Office buildings
    APN
    569-01-020
    APU
    56901020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 30, 2016 — Dorothy L Welsh Welsh,lawrence W JR Affidavit Of Death · related —
    Mar 30, 2004 — Welsh,tr — Trustees Deed · related $75k · Us Bank NA
    Jan 8, 2004 — Diana L Welsh Sanders,diana W & Christopher D Grant Deed $375k · Us Bank NA
    Nov 17, 2003 $39,000 Welsh,tr Welsh,lawrence W & Dorothy L Grant Deed · related —
    May 27, 1998 $425,000 Lawrence W Welsh Franklin Trust Grant Deed $350k · Heller First Capital
    Dec 16, 1997 $120,000 Franklin Trust Franklin,margerie Grant Deed · related —
    Nov 30, 1994 — Franklin Trust Franklin,james I Quit Claim Deed · related —
    — — James I Franklin — Deed Of Trust · related $210k · Owens Financial Group INC
    — — Welsh Lawrence Of D Family Trust — Deed Of Trust · related $440k · Bank Of The West
    — — James I Franklin — Deed Of Trust · related $135k · Owens Financial Group INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $816,000
      Market price range: $817k - $2.04M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,250,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.877
    Latitude
    37.2599
    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
    $9,050
    $469,628
    $195,671
    $665,299
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,915,000
      29,740 SF

      3180 Newberry Dr

      OFFICE BUILDING
      3180 Newberry Dr, San Jose, CA 95118-1564
      View Details
    • Value Estimation
      $1,970,000
      8,332 SF

      4990 Speak Ln

      OFFICE BUILDING
      4990 Speak Ln, San Jose, CA 95118-4004
      View Details
    • Value Estimation by Request
      0.87 Acres

      San Jose, CA 95118

      OFFICE BUILDING
      San Jose, CA 95118
      View Details
    • Value Estimation
      $2,495,000
      4,144 SF

      1150 Hillsdale Ave

      OFFICE BUILDING
      1150 Hillsdale Ave, San Jose, CA 95118-1259
      View Details
    • Value Estimation
      $4,300,000
      8,748 SF

      5580 Almaden Expy

      OFFICE BUILDING
      5580 Almaden Expy, San Jose, CA 95118-3605
      View Details
    • Value Estimation
      $3,515,000
      14,708 SF

      4340 Almaden Expy

      OFFICE BUILDING
      4340 Almaden Expy, San Jose, CA 95118-2009
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      San Jose Commercial Building Opportunity

      Commercial building for sale in San Jose with parking.
      3162 Newberry Dr, San Jose, CA 95118
      View Details
    • $1,599,000

      Four-Unit Residential Income Property

      Four-unit residential income property in San Jose, suitable for buyers seeking a multi-family rental structure.
      5608 Hoffman Ct, San Jose, CA 95118
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space with High Visibility

      Office space in 63,117 SF building with abundant parking.
      3150 Almaden Expy, San Jose, CA 95118
      View Details
    • Contact for pricing
      11,980 SF

      San Jose Office Space Available

      Office space for rent with expressway access in San Jose.
      3180 Newberry Dr, San Jose, CA 95118
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Move-in ready office sublease in South San Jose.
      6155 Almaden Expy, San Jose, CA 95118
      View Details
    • Contact for pricing
      930 SF

      Retail Space in San Jose

      Retail space available for lease in San Jose, CA.
      1375 Blossom Hill Rd, San Jose, CA 95118
      View Details
    • Contact for pricing
      2,372 SF

      Retail Spaces in Willow Glen

      Retail spaces available in a shopping center anchored by Zanotto’s.
      1445-1455 Foxworthy Ave, San Jose, CA 95118
      View Details
    • Contact for pricing
      2,660 SF

      San Jose Retail Space Available

      Retail space available for lease in San Jose, CA.
      1112-1130 Branham Ln, San Jose, CA 95118
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1115 Luchessi Dr
    San Jose, CA 95118-3711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1115 Luchessi Dr, San Jose, CA, 95118
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!