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Property profile & analytics
OFF-MARKET
Estimated value
$3,575,000
Office buildings
1567 Meridian Ave San Jose, CA 95125-5316
Individually Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3168050
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
STEEL FRAME
Total area
12,489 SF
Lot
0.35 ac (15,080 SF)
Zoning code
C1H
APN
284-18-002
UPID
US09-3168050
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
-
Leslie Conte, Intero Real Estate Services Real Estate Agency
-
Cheri Johnson - Intero Real Estate Real Estate Agency
-
Tim Alford, Intero Real Estate Services Real Estate Agency
-
David Guardanapo, Realtor Real Estate Agency
-
Krystle Thai, Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.58M
Owner & transaction history
Pete Tsigaris · 26 yrs held
Pete Tsigaris
since 2000
6 recorded transactions
Zoning & alternative use
C1H · 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
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
OFFICE BUILDING
$5,945,000
Current use
WAREHOUSE, STORAGE
$5,715,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$4,960,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$3.58M
Range $3.22M – $3.93M · ±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
$286 / 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
$51,629
Tax year 2024
Assessed value
$4,173,817
Assessed 2024
Previous assessed
$4,173,817
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,625,031
Assessed improvement
$2,548,786
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
2
Total area
12,489 SF
Lot
0.35 ac (15,080 SF)
Zoning code
C1H
APN
284-18-002
UPID
US09-3168050
Jurisdiction
SANTA CLARA
Zoning & alternative use
C1H · San Jose, CA
Zoning C1H · permitted uses
C1H · 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
OFFICE BUILDING Current
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$5.7M
RETAIL STORES
Est. value
$5.0M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
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
2003
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Pete Tsigaris
Individual
Free & Clear · 26 yrs held
Mailing address
1550 HICKS AVE, SAN JOSE, CA 95125-3824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2000
—
Pete Tsigaris
Rizio Trust
Quit Claim Deed
related
—
Mar 23, 1995
—
Elias Tsigaris
Tsigaris,dimitra
Quit Claim Deed
related
—
Jan 15, 1993
—
Bank Of America
Pacific Southwes
Grant Deed
related
—
Jun 20, 1991
$630,000
Santa Clara Sl
Resolution Trust
Quit Claim Deed
related
—
—
—
Pete Tsigaris
—
Deed Of Trust
related
$50,000 · Individual
—
—
Pete Tsigaris
—
Deed Of Trust
related
$100,000 · Individual
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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