Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1501 Berryessa Rd San Jose, CA 95133

    • Apartment buildings
    • 3.74 lot acres
    For Lease
    View listing
    $3 SF/Yr
    Last Sale
    Jul 28, 2022
    $320,000,000
    Value Estimations
    $300,520,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5668803
    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

    • Beker Garage Door Repair / Building Supply / General Contractor
    • V & Co. / Spa & Massage Center / Alternative Medicine Practice
    • Ivory salon / Hair Salon / Nail Salon
    • Food truck del rancho / Restaurant
    • DiamAura Jewelry / (Bike/Boat/Book/etc) Store

    Property Details for 1501 Berryessa Rd

    Year built
    2019
    Lot size
    3.74 lot acres
    Zone code
    APD
    Property type
    Apartment buildings
    APN
    241-04-043
    APU
    24104043

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.879
    Latitude
    37.3704
    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
    $2,016,286
    $23,052,000
    $166,835,321
    $189,887,321
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      1858 Luby Dr

      APARTMENT HOUSE (5+ UNITS) • 0.26 Acres
      1858 Luby Dr, San Jose, CA 95133-2169
      View Details
    • Value Estimation
      $790,000
      3,033 SF

      445 Capitol Ave

      APARTMENT HOUSE (5+ UNITS) • 3,033 SF
      445 Capitol Ave, San Jose, CA 95133-1910
      View Details
    • Value Estimation
      $2,405,000
      16,168 SF

      967 Lundy Ave

      APARTMENT HOUSE (5+ UNITS) • 16,168 SF
      967 Lundy Ave, San Jose, CA 95133-1574
      View Details
    • Value Estimation
      $28,300,000
      121,260 SF

      750 King Rd

      APARTMENT HOUSE (5+ UNITS) • 121,260 SF
      750 King Rd, San Jose, CA 95133-1548
      View Details
    • Value Estimation
      $1,725,000
      7,698 SF

      1858 Luby Dr

      APARTMENT HOUSE (5+ UNITS) • 7,698 SF
      1858 Luby Dr, San Jose, CA 95133-2169
      View Details
    • Value Estimation
      $1,220,000
      8,000 SF

      1855 Luby Dr

      APARTMENT HOUSE (5+ UNITS) • 8,000 SF
      1855 Luby Dr, San Jose, CA 95133-2135
      View Details

    Similar Nearby for Sale

    • $1,200,000

      San Jose Industrial Land Parcel

      San Jose, 0.27 acres of heavy industrial zoned land.
      943 Berryessa Rd, San Jose, CA 95133
      View Details
    • $18,500,000
      2.23 Acres

      Berryessa Rd Commercial Land - San Jose

      Prime 2.23-acre development site in San Jose.
      1655 Berryessa Rd, San Jose, CA 95133
      View Details
    • $1,200,000

      San Jose Specialty Property

      Specialty property available for sale in San Jose, California.
      1816 Luby Dr, San Jose, CA 95133
      View Details
    • $18,500,000

      Berryessa BART Urban Village Land

      2.23 acre commercial development site in San Jose.
      1655 Berryessa Rd, San Jose, CA 95133
      View Details
    • $12,000,000
      1.39 Acres

      San Jose Development Opportunity

      1.4 acres in San Jose Urban Village District.
      12280 Mabury Rd, San Jose, CA 95133
      View Details
    • $12,000,000
      1.39 Acres

      San Jose Development Opportunity

      1.4 acres in San Jose Urban Village District.
      12280 Mabury Rd, San Jose, CA 95133
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      San Jose Retail Space For Lease

      1,400 SF Retail Space Available Now
      1700 Newbury Park Dr, San Jose, CA 95133
      View Details
    • $35 SF/Yr
      1,134 SF

      Retail Space on Berryessa Road

      Retail space available for lease on Berryessa Road.
      1670-1696 Berryessa Rd, San Jose, CA 95133
      View Details
    • Contact for pricing
      2,174 SF

      Retail Space in San Jose

      Retail spaces available in shopping center anchored by Target.
      392 N Capitol Ave, San Jose, CA 95133
      View Details
    • Contact for pricing

      Office Space Sublease in San Jose

      Office space available for sublease at 615 N. King Road.
      615 N King Rd, San Jose, CA 95133
      View Details
    • $3 SF/Yr
      1,290 SF

      Retail Space Near Berryessa BART

      Retail space near Berryessa BART station and Market Park shopping center.
      1501 Berryessa Rd, San Jose, CA 95133
      View Details
    • Contact for pricing

      San Jose Flex Space Available

      Flex space in San Jose with HVAC office and sprinklers.
      1640 Mabury Rd, San Jose, CA 95133
      View Details

    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      2.4k
    • Avg Time on site
      35 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1501 Berryessa Rd
    San Jose, CA 95133
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.