New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,260,000
Day care centers
1321 Miller Ave San Jose, CA 95129-3935
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-3174665
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1973
Total area
4,092 SF
Lot
0.38 ac (16,638 SF)
Zoning code
R1-8
APN
373-06-003
UPID
US10-3174665
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
-
Sunshine Montessori School High School Daycare Center
-
Appleseed Montessori School High School
-
7 Magic Flowers Bilingual Montessori Prechool - Miller Campus High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.75M
Blend (final)
Blend
$4.26M
Owner & transaction history
Magic Flowers LLC · 3 yrs held
Magic Flowers LLC
since 2022
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
R1-8 · 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
$3,795,000
ML approach
$3,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$3,245,000
Current use
Blend value · Realmo final
$4.26M
Range $3.83M – $4.69M · ±10% · vs last sale $4.50M (Oct 6 2022)
Last sale anchor
$4.50M
Oct 6 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
$1,041 / 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
$55,426
Tax year 2024
Assessed value
$4,590,000
Assessed 2024
Previous assessed
$4,590,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$3,396,600
Assessed improvement
$1,193,400
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1973
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
4,092 SF
Lot
0.38 ac (16,638 SF)
Zoning code
R1-8
APN
373-06-003
UPID
US10-3174665
Jurisdiction
SANTA CLARA
Zoning & alternative use
R1-8 · San Jose, CA
Zoning R1-8 · permitted uses
R1-8 · 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
$3.2M
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
1973
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Magic Flowers LLC
Entity
Mailing address
1321 MILLER AVE, SAN JOSE, CA 95129-3935
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
$4,500,000
Magic Flowers LLC
Trinomial LLC
Grant Deed
$4,087,500 · Wells Fargo Bank NA
May 10, 2022
—
Trinomial LLC
Zhen Li Zhen
Correction Deed
related
—
Aug 7, 2008
—
Trinomial LLC
Brown,lynda C
Grant Deed
—
Jul 23, 2008
—
Alice M Huang
Huang,samuel S
Quit Claim Deed
related
—
Jan 3, 2006
—
Lynda C Brown
Brown,christopher
Quit Claim Deed
related
—
Jan 3, 2006
$1,758,500
Lynda C Brown
Li,zhen Z
Grant Deed
$875,000 · Greater Bay Bank
Aug 20, 2003
$1,200,000
Zhen Z Li
Esch,tr
Grant Deed
$1,020,000 · Us Bank NA
Sep 9, 1999
—
Von Esch Trust
Burgermeister,lucie V
Quit Claim Deed
related
—
—
—
Trinomial LLC
—
Deed Of Trust
related
$980,000 · Zions First National Bank
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?”
You own 1321 Miller Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
