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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Day care centers
11843 Redmond Ave San Jose, CA 95120-2760
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-1868221
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1955
Total area
2,865 SF
Lot
0.39 ac (16,833 SF)
Zoning code
R1B8
APN
577-09-044
UPID
US09-1868221
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
-
Discovery Years High School Daycare Center
-
Discovery Years Child Care Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.80M
Owner & transaction history
Hossein Akbari · 2 yrs held
Hossein Akbari
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
R1B8 · 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
$1,800,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$2,275,000
Current use
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.80M (Apr 15 2024)
Last sale anchor
$1.80M
Apr 15 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
$628 / 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
$8,891
Tax year 2024
Assessed value
$632,213
Assessed 2024
Previous assessed
$632,213
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$337,325
Assessed improvement
$294,888
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1955
Heating
NONE
Stories
2
Units
1
Total area
2,865 SF
Lot
0.39 ac (16,833 SF)
Zoning code
R1B8
APN
577-09-044
UPID
US09-1868221
Jurisdiction
SANTA CLARA
Zoning & alternative use
R1B8 · San Jose, CA
Zoning R1B8 · permitted uses
R1B8 · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$2.3M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
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
1955
Heating
NONE
Stories
2
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Hossein Akbari
Individual
Free & Clear · 2 yrs held
Mailing address
11843 REDMOND AVE, SAN JOSE, CA 95120-2760
Mailing matches property
Yes
Owner-occupied
Yes
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
Apr 15, 2024
$1,800,000
Hossein Akbari
Katherine A Hockett
Grant Deed
—
Apr 15, 2024
—
Hossein Akbari
Maria Cecilia Akbarifeo
Intrafamily Transfer
related
—
Jan 7, 2020
—
Redmond,maureen Family Trust
Redmond Family Trust
Quit Claim Deed
related
—
Jul 24, 2019
—
Redmond Family Trust
Redmond,maureen E
Affidavit Of Death
related
—
Aug 25, 2014
—
Maureen Redmond
Redmond,maureen E
Quit Claim Deed
related
—
Aug 25, 2014
$205,000
Maureen E Redmond
Reidy K E 1992 Trust
Quit Claim Deed
related
—
Jul 2, 2014
—
Maureen Redmond
Redmond,maureen E
Quit Claim Deed
related
—
Aug 15, 2013
$90,500
Redmond Family Trust
Redmond,elisha
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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