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Property profile & analytics
OFF-MARKET
Estimated value
$15,320,000
Retail space
1816 Tully Rd San Jose, CA 95122-1800
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3364362
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Total area
57,427 SF
Lot
5.29 ac (230,432 SF)
Zoning code
C3
APN
670-28-015
UPID
US09-3364362
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
-
Kim's Sandwiches Take-out & Catering
-
PHP Tax & Accounting, Inc. Accounting Firm Tax Preparation
-
Thuy F. Tran, DC Alternative Medicine Practice
-
Tran's Affordable Medical Equipment Alternative Medicine Practice
-
T N T Radio Network Radio Station Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.64M
Blend (final)
Blend
$15.32M
Owner & transaction history
Lion Center LLC · 23 yrs held
Lion Center LLC
since 2003
5 recorded transactions
Zoning & alternative use
C3 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.32M
Range $13.79M – $16.85M · ±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
$267 / 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
$23,098,071
Assessed 2023
Previous assessed
$22,613,139
+2.1% YoY
Assessed land
$7,023,147
Assessed improvement
$16,074,924
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1988
Heating
NONE
Stories
2
Total area
57,427 SF
Lot
5.29 ac (230,432 SF)
Zoning code
C3
APN
670-28-015
UPID
US09-3364362
Jurisdiction
SANTA CLARA
Zoning & alternative use
C3 · San Jose, CA
Zoning C3 · permitted uses
C3 · 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
1988
Heating
NONE
Stories
2
Lot
5.29 ac
Current owner
From public records · entity-resolved
Lion Center LLC
Entity
Mailing address
14595 VIA DE MARCOS, SARATOGA, CA 95070-6147
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
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
Mar 14, 2003
—
Lion Center LLC
Lion Plaza
Quit Claim Deed
related
$20,900 · Greenwich Capital Fin'l Produc
Jun 24, 1998
—
Plaza Lion
—
Deed Of Trust
related
$10,000,000 · Sanwa Bank California
May 7, 1996
—
Plaza Lion
—
Grant Deed
related
$9,300,000 · Sumitomo Bank Of California
—
—
Lion Center LLC
—
Deed Of Trust
related
$16,650 · Genworth Life Insurance Co
—
—
Plaza Lion
—
Deed Of Trust
related
$1,620,000 · Sanwa Bank California
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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