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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Warehouses
1670 7th St San Jose, CA 95112-5931
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0759238
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1959
Total area
3,504 SF
Lot
0.67 ac (29,185 SF)
Zoning code
HI
APN
477-09-045
UPID
US09-0759238
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
-
Made in Brazil Take-out & Catering Catering Service
-
Lunardi Moving Services & Storage Moving Company
-
Max's Tire & Towing, Inc Auto Repair Shop
-
California Chemical-Los Gatos General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.63M
Blend (final)
Blend
$2.68M
Owner & transaction history
Mercury Investment Group LLC · 3 yrs held
Mercury Investment Group LLC
since 2022
Last sale
$2.9M
5 recorded transactions
Zoning & alternative use
HI · 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
$2,440,000
ML approach
$2,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±10% · vs last sale $2.93M (Oct 11 2022)
Last sale anchor
$2.93M
Oct 11 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
$765 / 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
$39,607
Tax year 2024
Assessed value
$2,983,500
Assessed 2024
Previous assessed
$2,983,500
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$2,932,500
Assessed improvement
$51,000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1959
Heating
NONE
Total area
3,504 SF
Lot
0.67 ac (29,185 SF)
Zoning code
HI
APN
477-09-045
UPID
US09-0759238
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.
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Lot
0.67 ac
Current owner
From public records · entity-resolved
Mercury Investment Group LLC
Entity
Mailing address
7222 VIA BELLA, SAN JOSE, CA 95139-1120
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
$2,925,000
Mercury Investment Group LLC
Tri City Recovery Corp
Grant Deed
$1,170,000 · Calprivate Bank
Oct 11, 2022
—
Lunardi Moving Services And Storage
Mercury Investment Group LLC
Lease
$1,199,000 · The Mortgage Capital Development Corp
Apr 1, 2021
—
Tri City Recovery Corp
Tri City Recovery Corp
Intrafamily Transfer
related
$1,320,000 · Bank Of The West
Nov 22, 2016
$1,575,000
Tri City Recovery
James G Enos
Grant Deed
$1,578,000 · Wells Fargo Bank NA
Apr 18, 2000
$255,000
James Enos
Hughes Trust
Grant Deed
$191,250 · Wells Fargo Bank
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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