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Property profile & analytics
OFF-MARKET
Estimated value
$67,565,000
Apartment buildings
1265 Capitol Ave, San Jose, CA 95132-2518
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2952658
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
153,024 SF
Lot
8.11 ac (353,271 SF)
Zoning code
R3BPD
APN
245-04-078
UPID
US09-2952658
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
-
24x7 WP Support, LLC Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Top of the Line Investments Financial Advisor
-
Souski software solutions Tech Support Center (Bike/Boat/Book/etc) Store
-
ReNew Berryessa Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$48.97M
Comparable Approach
Comparable
$79.95M
Blend (final)
Blend
$67.57M
Owner & transaction history
Va8 Sierrabrook LLC · 3 yrs held
Va8 Sierrabrook LLC
since 2022
Last sale
$74.2M
7 recorded transactions
Zoning & alternative use
R3BPD · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$73.2M
+30.6%
Warehouse, storage
$70.0M
+25.0%
Office building
$60.1M
+7.2%
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
$60,605,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$53,050,000
6.5%
$48,965,000
7%
$45,470,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$56,040,000
Current use
RETAIL STORES
$73,195,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$70,025,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$60,095,000
Change: +7% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$45,190,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$67.57M
Range $60.81M – $74.32M · ±10% · vs last sale $74.15M (Oct 11 2022)
Last sale anchor
$74.15M
Oct 11 2022
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
$442 / 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
$1,051,682
Tax year 2024
Assessed value
$75,552,905
Assessed 2024
Previous assessed
$75,552,905
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$15,708,000
Assessed improvement
$59,844,905
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
CENTRAL
Cooling
NONE
Stories
2
Units
220
Total area
153,024 SF
Lot
8.11 ac (353,271 SF)
Zoning code
R3BPD
APN
245-04-078
UPID
US09-2952658
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3BPD · San Jose, CA
Zoning R3BPD · permitted uses
R3BPD · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$56.0M
RETAIL STORES
Est. value
$73.2M
WAREHOUSE, STORAGE
Est. value
$70.0M
OFFICE BUILDING
Est. value
$60.1M
INDUSTRIAL (GENERAL)
Est. value
$45.2M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1973
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
220
Lot
8.11 ac
Current owner
From public records · entity-resolved
Va8 Sierrabrook LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6191 N STATE HWY 161ST STE #100, IRVING, TX 75038-2290
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
—
Va8 Sierrabrook LLC
—
Deed
related
$46,400,000 · Zb NA
Oct 11, 2022
$74,150,000
Va8 Sierrabrook LLC
Geoffrey W Foster
Grant Deed
—
Oct 11, 2022
—
Pauline Thomas
Ben Thomas
Intrafamily Transfer
related
—
Oct 14, 2020
—
Worthing Sb LLC
Worthing 1992 Family Trust
Quit Claim Deed
related
—
Jul 24, 2020
—
Brown Family Trust
Gordon Brown
Quit Claim Deed
related
—
Mar 5, 2019
—
Melinda Norcott
Norcott,melinda
Quit Claim Deed
related
—
Oct 2, 2018
—
Cooley,john E Trust
Cooley,john E
Quit Claim Deed
related
—
Oct 25, 2013
$1,060,000
Dowd,edward M Trust
Schroeder,wesley J
Grant Deed
—
Aug 26, 2013
—
Worthing Family 1992 Trust
Worthing,john L & Margaret L
Quit Claim Deed
related
—
Apr 27, 2011
—
Wesley J Schroeder
Schroeder Wade & F Trust
Quit Claim Deed
—
Dec 6, 2007
—
Kathleen A Phelan
Worthing Ford B Trust
Grant Deed
related
—
Nov 4, 2004
—
Worthing Ford B Trust
Worthing Trust
Quit Claim Deed
related
—
Oct 10, 2002
—
John E Cooley
Cooley,john E & Sara F
Quit Claim Deed
related
—
Aug 6, 2001
—
John L Worthing
Worthing Family Foundation
Quit Claim Deed
related
—
Apr 11, 2001
—
Worthing Family Foundation
Worthing,john L & Margaret L
Quit Claim Deed
related
—
Mar 25, 1998
—
Dowd Trust
Dowd,edward M
Quit Claim Deed
related
—
Dec 31, 1997
$116,000
Dowd Trust
Dowd Trust
Trustees Deed
related
—
Dec 31, 1997
$89,500
Dowd Trust
Dowd Trust
Trustees Deed
related
—
Sep 6, 1994
—
Dowd Trust
Dowd Trust
Quit Claim Deed
related
—
Jul 20, 1993
—
Dowd Trust
Dowd,trust
Quit Claim Deed
related
—
Nov 21, 1990
$231,000
Edward Wort Dowd
Dowd Worthing In
Grant Deed
related
$9,250,000 · World Savings & Loan
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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