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Property profile & analytics
OFF-MARKET
Estimated value
$11,860,000
Office buildings
1198 Saratoga Ave San Jose, CA 95129
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1364032
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
TILT-UP CONCRETE
Total area
44,498 SF
Lot
1.14 ac (49,658 SF)
Zoning code
CP
APN
299-12-009
UPID
US09-1364032
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.45M
Blend (final)
Blend
$11.86M
Owner & transaction history
Tpa Vi LLC · 2 yrs held
Tpa Vi LLC
since 2023
7 recorded transactions
Zoning & alternative use
CP · 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
$17,475,000
Current use
APARTMENT HOUSE (5+ UNITS)
$16,295,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$11.86M
Range $10.67M – $13.05M · ±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
$267 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$16,351,080
Assessed 2023
Previous assessed
$16,351,080
+0.0% YoY
Assessed land
$6,433,212
Assessed improvement
$9,917,868
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 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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
7
Total area
44,498 SF
Lot
1.14 ac (49,658 SF)
Zoning code
CP
APN
299-12-009
UPID
US09-1364032
Jurisdiction
SANTA CLARA
Zoning & alternative use
CP · San Jose, CA
Zoning CP · permitted uses
CP · 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
$17.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.3M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
7
Lot
1.14 ac
Current owner
From public records · entity-resolved
Tpa Vi LLC
Entity
Mailing address
1170 PEACHTREE ST STE #1650, ATLANTA, GA 30309-7675
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2023
—
Tpa Vi LLC
Dollinger Saratoga Associates
Assignment Of Lease (leasehold Sale)
—
Jul 12, 2022
—
Dish Wireless LLC
Dollinger Saratoga Associates LP
Lease
—
Aug 8, 2019
—
Dollinger Saratoga Associates
—
Deed
related
$1,000,000 · Jpmorgan Chase Bank NA
Apr 2, 2019
$15,250,000
Dollinger Saraatoga Associates
Saratoga Avenue LLC
Grant Deed
$11,400,000 · Technology Cu
Feb 28, 2017
—
Saratoga Avenue LLC
—
Deed
related
$8,300,000 · Jpmorgan Chase Bank NA
Oct 18, 2005
—
Saratoga Avenue LLC
Hirschman,william F
Grant Deed
—
Oct 12, 2005
$375,000
William F Hirschman
1190 Saratoga Avenue
Grant Deed
—
—
—
Saratoga Avenue LLC
—
Deed Of Trust
related
$7,300,000 · Lasalle National Bank
—
—
1190 Saratoga Avenue Gp
—
Deed Of Trust
related
$2,800,000 · Investors Thrift
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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