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Property profile & analytics
FOR LEASE
Super regional malls
1600 Saratoga Ave San Jose, CA 95129
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-2724327
For Lease
1 / 2
$4,000,000
1600 Saratoga Ave, San Jose, CA 95129
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1968
Total area
410,103 SF
Lot
8.96 ac (390,385 SF)
Zoning code
CG
APN
307-11-020
UPID
US09-2724327
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
-
49ers Fit Gym & Fitness Center
-
Subway Take-out & Catering
-
Amazon Locker - Campus Postal Service Courier Service
-
Self Storage Storage Facility
-
Rebecca B. Alfonso, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.00M
Owner & transaction history
T&t Supermarket Us INC · 1 yrs held
T&t Supermarket Us INC
since 2024
5 recorded transactions
Zoning & alternative use
CG · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$10 / 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
$840,060
Tax year 2024
Assessed value
$62,278,182
Assessed 2024
Previous assessed
$62,278,182
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$24,134,835
Assessed improvement
$38,143,347
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 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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1968
Heating
NONE
Cooling
NONE
Total area
410,103 SF
Lot
8.96 ac (390,385 SF)
Zoning code
CG
APN
307-11-020
UPID
US09-2724327
Jurisdiction
SANTA CLARA
Zoning & alternative use
CG · San Jose, CA
Zoning CG · permitted uses
CG · 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.
Building & site characteristics
From public records
Year built
1968
Heating
NONE
Cooling
Yes
Lot
8.96 ac
Current owner
From public records · entity-resolved
T&t Supermarket Us INC
Entity
Free & Clear · 1 yrs held
Mailing address
99 RNCH MARKET AVE STE 200TH SEAFOOD CITY XX
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
—
T&t Supermarket Us INC
Fr Westgate Mall LLC
Lease
—
Apr 1, 2004
—
Fr Westgate Mall LLC
M & H Realty Partners II LP
Grant Deed
related
—
Jun 27, 1995
—
M LP
—
Deed Of Trust
related
$50,000,000 · Nomura Asset Capital Corp Ttee
Mar 8, 1995
$44,000,000
Montgomery West INC
Atherton Associates
Trustees Deed
—
—
—
Peter J Merlone
—
Deed Of Trust
related
$100,000 · Nomura Asset Capital Corp
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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