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Property profile & analytics
FOR LEASE
Strip malls
121-125 Bernal Rd San Jose, CA 95119
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2896034
For Lease
1 / 3
Contact for pricing
121-125 Bernal Rd, San Jose, CA 95119
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Total area
68,436 SF
Lot
6.08 ac (264,844 SF)
Zoning code
M1
APN
706-01-084
UPID
US09-2896034
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
-
Amazon Locker - Dung Courier Service Postal Service
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Lucky Specialty Food Shop Supermarket
-
LibertyX Bitcoin ATM Atm
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Save Mart Portfolio Owner Fund · 5 yrs held
Save Mart Portfolio Owner Fund
since 2020
Last sale
$83.6M
5 recorded transactions
Zoning & alternative use
M1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$403,056
Tax year 2024
Assessed value
$31,411,055
Assessed 2024
Previous assessed
$31,411,055
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$11,248,804
Assessed improvement
$20,162,251
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1999
Heating
NONE
Stories
1
Total area
68,436 SF
Lot
6.08 ac (264,844 SF)
Zoning code
M1
APN
706-01-084
UPID
US09-2896034
Jurisdiction
SANTA CLARA
Zoning & alternative use
M1 · San Jose, CA
Zoning M1 · permitted uses
M1 · 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.
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Stories
1
Lot
6.08 ac
Current owner
From public records · entity-resolved
Save Mart Portfolio Owner Fund
Entity
Mailing address
1800 STANDIFORD AVE, MODESTO, CA 95350-0180
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Feb 23, 2026
—
Save Mart Portfolio Owner Fund V Ca
—
Deed
related
$185,000,000 · Natixis, New York Branch
Jan 25, 2021
—
Save Mart Portfolio Owner Fund V Ca
—
Deed
related
$416,800,000 · Wells Fargo Bank NA
Nov 23, 2020
$27,874,500
Save Mart Portfolio Owner Fund
Lsp Properties LLC
Grant Deed
—
Sep 29, 2006
—
Lsp Properties LLC
Lucky Stores Properties INC
Warranty Deed
$168,927,970 · Greenwich Capital Financial Product
May 4, 1998
—
Lucky Stores Properties INC
Srdc INC
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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