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Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Outlet malls
1650 Old Bayshore Hwy San Jose, CA 95112-4304
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1556851
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1959
Construction
TILT-UP CONCRETE
Total area
12,068 SF
Lot
0.86 ac (37,461 SF)
Zoning code
M4
APN
237-21-092
UPID
US09-1556851
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
-
Galli Produce Inc Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.04M
CAP Approach
CAP
$5.02M
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$4.53M
Owner & transaction history
1650 Old Bayshore LLC · 4 yrs held
1650 Old Bayshore LLC
since 2022
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
M4 · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.5M
+24.0%
Apartment house (5+ units)
$4.6M
+3.8%
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
$4,110,000
ML approach
$4,040,000
CAP Approach
CAP Return
Estimation
6%
$5,435,000
6.5%
$5,015,000
7%
$4,655,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,455,000
Current use
WAREHOUSE, STORAGE
$5,520,000
Change: +24% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,625,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$3,885,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±10% · vs last sale $4.93M (Jan 12 2022)
Last sale anchor
$4.93M
Jan 12 2022
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
$375 / 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
$40,687
Tax year 2024
Assessed value
$3,186,479
Assessed 2024
Previous assessed
$3,186,479
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,060,591
Assessed improvement
$125,888
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
12,068 SF
Lot
0.86 ac (37,461 SF)
Zoning code
M4
APN
237-21-092
UPID
US09-1556851
Jurisdiction
SANTA CLARA
Zoning & alternative use
M4 · San Jose, CA
Zoning M4 · permitted uses
M4 · 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
$4.5M
WAREHOUSE, STORAGE
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
OFFICE BUILDING
Est. value
$3.9M
RETAIL STORES Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
1650 Old Bayshore LLC
Entity
Mailing address
16270 KENNEDY RD, LOS GATOS, CA 95032-6435
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2022
$4,925,000
1650 Old Bayshore LLC
Menlo Land & Capital Ix LLC
Grant Deed
$2,000,000 · First Republic Bank
Mar 18, 2019
—
Menlo Land & Capital Ix LLC
—
Grant Deed
related
$6,923,000 · Jp Morgan Chase Bk
Mar 10, 2016
$11,250,000
Menlo Land & Capital Ix LLC
Joel Gambord
Grant Deed
$5,200,000 · Jpmorgan Chase Bank NA
Feb 12, 2014
—
Gambord,joel & Dena Trust
Gambord Joel & Dena Trust
Quit Claim Deed
related
—
Mar 3, 2010
—
Joel Gambord
Gambord Joel S Trust
Quit Claim Deed
related
—
Jan 11, 2010
—
Gambord Joel S Trust
Gambord Joel S Trust
Quit Claim Deed
related
—
Apr 8, 1994
$725,000
Gambord Trust
Gloria G Mcandre
Grant Deed
$725,000 · Seller
Aug 6, 1993
—
Joel,s Gambord Trust
Gambord,j.&s.
Quit Claim Deed
related
—
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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