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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15 Market St San Jose, CA 95113-1207

    • Office buildings
    • 1,700 SF
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Nov 23, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3364561
    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

    • Inkoff.me / Tattoo & Piercing Shop / Skin Care Clinic
    • Tiep D Nguyen Law Offices / Law Firm / Insurance Agency
    • Creative Marketing Concepts / Advertising Agency / Marketing & Advertising

    Property Details for 15 Market St

    Lot size
    0.04 lot acres
    Property size
    1,700 SF
    Zone code
    CG
    Property type
    Office buildings
    APN
    259-34-044
    APU
    25934044

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.893
    Latitude
    37.3357
    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
    $7,659
    $265,669
    $256,698
    $522,367
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $800,000
      3,000 SF

      85 Notre Dame Ave

      OFFICE BUILDING • 3,000 SF
      85 Notre Dame Ave, San Jose, CA 95113-1719
      View Details
    • Value Estimation
      $3,895,000
      255,000 SF

      225 Santa Clara St

      OFFICE BUILDING • 255,000 SF
      225 Santa Clara St, San Jose, CA 95113-1723
      View Details
    • Value Estimation
      $13,220,000
      59,840 SF

      78 1st St

      OFFICE BUILDING • 59,840 SF
      78 1st St, San Jose, CA 95113-2406
      View Details
    • Value Estimation
      $2,320,000
      6,435 SF

      66 1st St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 6,435 SF
      66 1st St, San Jose, CA 95113-1201
      View Details
    • Value Estimation
      $705,000
      2,743 SF

      28 1st St, Unit 10

      OFFICE BUILDING • 2,743 SF
      28 1st St, San Jose, CA 95113-1214
      View Details
    • Value Estimation by Request
      0.32 Acres

      200 Santa Clara St

      OFFICE BUILDING • 0.32 Acres
      200 Santa Clara St, San Jose, CA 95113-1903
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,950 SF

      Downtown San Jose Retail/Office Building

      Retail/office building in downtown San Jose with excellent frontage.
      451 South 1St St, San Jose, CA 95113
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    • Contact for pricing
      49,440 SF

      Downtown San Jose Boutique Building

      Newly renovated 6-story building with rooftop amenities in downtown San Jose.
      2 N 1St St, San Jose, CA 95113
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    • $1,650,000
      3,072 SF

      Retail Investment Property with Vacant Land

      Four-unit retail property with development potential in downtown San Jose.
      410 Santa Clara St, San Jose, CA 95113
      View Details
    • $950,000
      2,430 SF

      Downtown Retail Space For Sale

      Retail space with high traffic near San Jose State University.
      420 Santa Clara St, San Jose, CA 95113
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,917 SF

      Freestanding Office Building with Retail

      Three-story office building with ground floor retail and roof terraces.
      201 S 2Nd St, San Jose, CA 95113
      View Details
    • $4 SF/Yr
      98,030 SF

      Downtown San Jose Office Tower

      Class A office tower in downtown San Jose for lease.
      60 South Market St, San Jose, CA 95113
      View Details
    • Contact for pricing

      Downtown San Jose Creative Office

      Stand-alone creative office building in the heart of downtown San Jose.
      1 W Santa Clara St, San Jose, CA 95113
      View Details
    • Contact for pricing
      136,096 SF

      Class A Office Space Available

      Class A office space available for rent in Q4 2022.
      51 Notre Dame Ave, San Jose, CA 95113
      View Details
    • $3 SF/Yr
      75,886 SF

      Downtown San Jose Mixed-Use Workplace

      Mixed-use workplace in Downtown San Jose near San Pedro Square.
      111 North Market St, San Jose, CA 95113
      View Details
    • Contact for pricing
      2,153 SF

      Premier Office Building with Panoramic Views

      High-image office building with modern upgrades and on-site parking.
      84 W Santa Clara St, San Jose, CA 95113
      View Details
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    15 Market St
    San Jose, CA 95113-1207
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    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
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