Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1198 Meridian Ave San Jose, CA 95125-4326

    • Office buildings
    • 3,600 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    $405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3040049
    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

    • Robert Ferguson DDS / Dentist
    • Tiffany Kitamura DDS and Mark Nishimura DDS / Dentist
    • Tiffany Kitamura DDS, Mark M. Nishimura DDS / Dentist

    Property Details for 1198 Meridian Ave

    Lot size
    0.29 lot acres
    Property size
    3,600 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    429-51-047
    APU
    42951047

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $405,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.913
    Latitude
    37.3029
    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
    $24,819
    $908,751
    $1,050,747
    $1,959,498
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $315,000
      12,489 SF

      1567 Meridian Ave

      OFFICE BUILDING • 12,489 SF
      1567 Meridian Ave, San Jose, CA 95125-5316
      View Details
    • Value Estimation
      $335,000
      16,988 SF

      1155 Meridian Ave

      OFFICE BUILDING • 16,988 SF
      1155 Meridian Ave, San Jose, CA 95125-4331
      View Details
    • Value Estimation
      $125,000
      15,882 SF

      1133 Minnesota Ave

      OFFICE BUILDING • 15,882 SF
      1133 Minnesota Ave, San Jose, CA 95125-3324
      View Details
    • Value Estimation
      $280,000
      7,724 SF

      265 Curtner Ave

      OFFICE BUILDING • 7,724 SF
      265 Curtner Ave, San Jose, CA 95125-1404
      View Details
    • Value Estimation by Request
      4,206 SF

      805 Willow St

      OFFICE BUILDING • 4,206 SF
      805 Willow St, San Jose, CA 95125
      View Details
    • Value Estimation
      $455,000
      4,155 SF

      2075 Lincoln Ave

      OFFICE BUILDING • 4,155 SF
      2075 Lincoln Ave, San Jose, CA 95125-3513
      View Details

    Similar Nearby for Sale

    • $4,325,750
      6,654 SF

      San Jose Office Buildings For Sale

      Three buildings on two parcels with flexible lease terms.
      2075 Lincoln Ave, San Jose, CA 95125
      View Details
    • $2,300,000

      San Jose Office Building

      Office building for sale in San Jose, California.
      1640 Norman Ave, San Jose, CA 95125
      View Details
    • $4,325,750

      San Jose Mixed-Use Investment Opportunity

      Three buildings on two parcels in desirable Willow Glen neighborhood.
      2061-2075 Lincoln Ave, San Jose, CA 95125
      View Details
    • Contact for pricing
      10,000 SF

      San Jose Office Building For Sale

      Office building with convenient access and on-site parking.
      1855 Hamilton 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.
      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

    Property Visit Statistics

    • Visits by month
      4.7k
    • Visitors by month
      3.6k
    • Avg Time on site
      6 min
    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.
    1198 Meridian Ave
    San Jose, CA 95125-4326
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.