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Property profile & analytics
FOR LEASE
Retail space
1525 Meridian Ave 106 San Jose, CA 95125
Individually Owned
~
Est. High Equity
Property ID
US09-0458787
For Lease
$34.20 SF/Yr
1525 Meridian Ave,Unit 106, San Jose, CA 95125
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
TILT-UP CONCRETE
Total area
10,262 SF
Lot
0.86 ac (37,350 SF)
Zoning code
CN
APN
284-17-021
UPID
US09-0458787
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
-
Dental Smiles of Willow Glen Dental Office
-
Moxie Bodywork Alternative Medicine Practice
-
Bamboo Nail Bar Nail Salon
-
Bella Donna Nail & Day Spa Nail Salon
-
Beauty Bird Permanent Makeup Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.91M
Owner & transaction history
Ramakrishna Hari Pillai
Ramakrishna Hari Pillai
since 2026
7 recorded transactions
Zoning & alternative use
CN · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.7M
+15.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,075,000
Current use
WAREHOUSE, STORAGE
$4,695,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,760,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$2.91M
Range $2.61M – $3.20M · ±10%
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
$283 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$4,203,672
Assessed 2023
Previous assessed
$4,121,248
+2.0% YoY
Assessed land
$1,373,886
Assessed improvement
$2,829,786
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
5
Total area
10,262 SF
Lot
0.86 ac (37,350 SF)
Zoning code
CN
APN
284-17-021
UPID
US09-0458787
Jurisdiction
SANTA CLARA
Zoning & alternative use
CN · San Jose, CA
Zoning CN · permitted uses
CN · 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
RETAIL STORES Current
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
RETAIL STORES Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
5
Lot
0.86 ac
Current owner
From public records · entity-resolved
Ramakrishna Hari Pillai
Individual
Mailing address
PO BOX 3323, SARATOGA, CA 95070-1323
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
—
Ramakrishna Hari Pillai
Ramakrishna Hari Pillai
Deed
—
Jul 13, 1999
$2,845,000
Pillai,ramakrishna H
717 Oak Grove Corporation INC
Trustees Deed
—
Jul 13, 1999
—
Ramakrishana Pillai
Pillai,yvonne P
Quit Claim Deed
related
$1,845,000 · Standard Mortgage Investors
Mar 31, 1999
—
Nicholas D Papageorgiou
—
Deed Of Trust
related
$1,960,000 · First Bank California
Feb 26, 1998
$800,000
717 Oak Grove Corp INC
Goodwill Industries Santa Clar
Grant Deed
$1,800,000 · First Bank California
Mar 15, 1991
$1,040,500
Industr Goodwill
Traina,j.&e.
Grant Deed
—
—
—
Ramakrishna H Pillai
—
Deed Of Trust
related
$1,630,000 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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