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Property profile & analytics
OFF-MARKET
Estimated value
$5,820,000
Office buildings
1133 Minnesota Ave San Jose, CA 95125-3324
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5368721
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Total area
15,882 SF
Lot
0.56 ac (24,291 SF)
Zoning code
CO
APN
429-17-114
UPID
US09-5368721
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
-
Willow Glen Charm Housing Society
-
Veeral Shah Real Estate Agency
-
Samit Shah, REALTOR Real Estate Agency
-
Nicki Brown, Silicon Valley Realtor Real Estate Agency
-
Julie Januario, Compass Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.82M
Owner & transaction history
1133 Minnesota LLC · 5 yrs held
1133 Minnesota LLC
since 2021
5 recorded transactions
Zoning & alternative use
CO · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,560,000
Current use
WAREHOUSE, STORAGE
$7,270,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$6,310,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$5.82M
Range $5.24M – $6.40M · ±10%
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
$366 / 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
$149,675
Tax year 2024
Assessed value
$12,248,221
Assessed 2024
Previous assessed
$12,248,221
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,218,765
Assessed improvement
$10,029,456
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2020
Heating
NONE
Cooling
YES
Stories
3
Units
1
Total area
15,882 SF
Lot
0.56 ac (24,291 SF)
Zoning code
CO
APN
429-17-114
UPID
US09-5368721
Jurisdiction
SANTA CLARA
Zoning & alternative use
CO · San Jose, CA
Zoning CO · permitted uses
CO · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$7.3M
RETAIL STORES
Est. value
$6.3M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
1133 Minnesota LLC
Entity
Free & Clear · 5 yrs held
Mailing address
271 MARGARITA CT, LOS ALTOS, CA 94022-1035
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
—
1133 Minnesota LLC
—
Deed
related
$5,000,000 · Heritage Bank Of Commerce
Apr 7, 2021
—
1133 Minnesota LLC
Siva Kolappa
Grant Deed
—
Dec 10, 2018
—
Primus Ventures LLC
Primus Ventures LLC
Quit Claim Deed
related
—
Oct 23, 2007
$1,850,000
Lexor Investments INC
Alano Club West Of San Jose
Grant Deed
$300,000 · Stringfellow Properties LLC
—
—
Lexor Investments INC
—
Deed Of Trust
related
$500,000 · Kothary Family Trust
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.
Try Rey
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