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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Industrial properties
1586 Industrial Ave San Jose, CA 95112-2718
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-3293808
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1950
Total area
8,559 SF
Lot
1 ac (43,560 SF)
Zoning code
HI
APN
237-30-017
UPID
US09-3293808
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.67M
Owner & transaction history
Lba Rvi Company Xx LLC · 3 yrs held
Lba Rvi Company Xx LLC
since 2023
7 recorded transactions
Zoning & alternative use
HI · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+28.5%
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%
$2,380,000
6.5%
$2,200,000
7%
$2,040,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,145,000
Current use
OFFICE BUILDING
$2,755,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±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
$195 / 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
$3,774,000
Assessed 2023
Previous assessed
$3,700,000
+2.0% YoY
Assessed land
$2,886,600
Assessed improvement
$887,400
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 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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1950
Heating
NONE
Stories
1
Units
2
Total area
8,559 SF
Lot
1 ac (43,560 SF)
Zoning code
HI
APN
237-30-017
UPID
US09-3293808
Jurisdiction
SANTA CLARA
Zoning & alternative use
HI · San Jose, CA
Zoning HI · permitted uses
HI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1950
Heating
NONE
Stories
1
Units
2
Lot
1 ac
Current owner
From public records · entity-resolved
Lba Rvi Company Xx LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2023
—
Lba Rvi Company Xx LLC
Lba Rvi Company Xx LLC
Re-recorded Document
related
$879,000 · Holders Of The Bx Trust 2022 Lba6
Jul 13, 2023
—
Lba Rvi Company Xx LLC
Lba Rvi Company Xx LLC
Intrafamily Transfer
related
$879,000 · Wilmington Trust NA
Jul 3, 2023
—
Lba Rvi Company Xx LLC
1586 Industrial Avenue LLC
Grant Deed
—
Dec 28, 2021
—
1586 Industrial Avenue LLC
—
Deed
related
—
Aug 19, 2021
$3,700,000
1586 Industrial Avenue LLC
Glenn A Bothwell
Grant Deed
—
Feb 4, 2011
—
Bothwell Glenn A 2010 Trust
Bothwell,glenn A
Quit Claim Deed
related
—
Sep 15, 2006
$1,800,000
Glenn A Bothwell
Collinson,gerald L & Beverly A
Grant Deed
$1,000,000 · Gerald L & Beverly A Collinson
Feb 14, 1997
$250,000
Gerald L Collinson
San Jose Scottish Rite Fdn
Grant Deed
—
—
—
Gerald L Collinson
—
Deed Of Trust
related
$250,000 · Wells Fargo Bank
—
—
Gerald L Collinson
—
Deed Of Trust
related
$187,500 · 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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