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Property profile & analytics
OFF-MARKET
Estimated value
$5,540,000
Gas stations
1604 Mckee Rd San Jose, CA 95116-1233
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-2627726
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1957
Construction
WOOD FRAME
Total area
1,408 SF
Lot
0.51 ac (22,020 SF)
Zoning code
R2
APN
481-03-085
UPID
US09-2627726
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
-
UNITED TOWING SERVICE OF SOUTHBAY Auto Repair Shop
-
T & P Auto Repair Shop
-
GAS STOP Gas Station
-
ATM (Moe's Stop) Atm
-
South Valley Construction, Inc. General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.54M
Owner & transaction history
Ftnbm LLC · 3 yrs held
Ftnbm LLC
since 2023
Last sale
$5.8M
2 recorded transactions
Zoning & alternative use
R2 · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.0M
+11.7%
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
$5,250,000
ML approach
$5,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$3,590,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,010,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$5.54M
Range $4.99M – $6.09M · ±10% · vs last sale $5.80M (Apr 6 2023)
Last sale anchor
$5.80M
Apr 6 2023
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
$3,935 / 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
$723,734
Assessed 2023
Previous assessed
$550,463
+31.5% YoY
Assessed land
$286,550
Assessed improvement
$437,184
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1957
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
1,408 SF
Lot
0.51 ac (22,020 SF)
Zoning code
R2
APN
481-03-085
UPID
US09-2627726
Jurisdiction
SANTA CLARA
Zoning & alternative use
R2 · San Jose, CA
Zoning R2 · permitted uses
R2 · 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
SERVICE STATION (FULL SERVICE) Current
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
SERVICE STATION (FULL SERVICE) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1957
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Ftnbm LLC
Entity
Free & Clear · 3 yrs held
Mailing address
510 MYRTLE AVE STE #209, SOUTH SAN FRANCISCO, CA 94080-4562
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
$5,800,000
Ftnbm LLC
Mojdeh Shirazi
Grant Deed
—
Apr 18, 1988
$110,000
Mohammad Shirazi
Guerr
Grant Deed
$74,000 · 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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