Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    198 Hillsdale Ave San Jose, CA 95136-1398

    • Industrial properties
    • 9,586 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    Jan 22, 2021
    Value Estimations
    $1,795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3110484
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Schwager Davis Inc / Construction Company / General Contractor
    • Schwager Michael / Engineer

    Property Details for 198 Hillsdale Ave

    Year built
    2004
    Construction
    CONCRETE
    Lot size
    0.57 lot acres
    Property size
    9,586 SF
    Zone code
    MH
    Property type
    Industrial properties
    APN
    462-01-020
    APU
    46201020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,665,000
      6.5%
      $2,460,000
      7%
      $2,285,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,830,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.848
    Latitude
    37.281
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $27,486
    $671,397
    $1,232,339
    $1,903,736
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,325,000
      25,392 SF

      3570 Charter Park Dr

      INDUSTRIAL (GENERAL) • 25,392 SF
      3570 Charter Park Dr, San Jose, CA 95136-1380
      View Details
    • Value Estimation
      $4,550,000
      27,629 SF

      3801 Charter Park Ct

      INDUSTRIAL (GENERAL) • 27,629 SF
      3801 Charter Park Ct, San Jose, CA 95136-1386
      View Details
    • Value Estimation
      $2,035,000
      15,805 SF

      3641 Charter Park Dr

      INDUSTRIAL (GENERAL) • 15,805 SF
      3641 Charter Park Dr, San Jose, CA 95136-1312
      View Details
    • Value Estimation by Request
      1.52 Acres

      260 Hillsdale Ave

      INDUSTRIAL (GENERAL) • 1.52 Acres
      260 Hillsdale Ave, San Jose, CA 95136-1352
      View Details
    • Value Estimation
      $2,290,000
      14,940 SF

      3870 Charter Park Dr

      INDUSTRIAL (GENERAL) • 14,940 SF
      3870 Charter Park Dr, San Jose, CA 95136-1388
      View Details
    • Value Estimation
      $1,215,000
      6,240 SF

      3680 Charter Park Dr

      INDUSTRIAL (GENERAL) • 6,240 SF
      3680 Charter Park Dr, San Jose, CA 95136-1358
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,666 SF

      San Jose Industrial Flex Space

      20,666 SF Flex Warehouse, Vacant
      3565 Charter Park Dr, San Jose, CA 95136
      View Details
    • $550,000

      San Jose Land For Sale

      Commercial land available in San Jose, California.
      510 Saddlebrook 27, San Jose, CA 95136
      View Details
    • $339,000

      San Jose Land For Sale

      Commercial land available in San Jose, California.
      146 Mountain Springs Dr, San Jose, CA 95136
      View Details
    • $369,900

      Land For Sale

      Commercial land available for sale.
      3637 Snell Ave, San Jose, CA 95136
      View Details
    • $427,000

      San Jose Land For Sale

      Land available in San Jose, California.
      259 Mountain Springs Dr, San Jose, CA 95136
      View Details
    • $249,000

      Spacious Home in 55+ Park

      Comfortable double-wide home in a convenient San Jose location.
      120 Mtn Spgs, San Jose, CA 95136
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,155 SF

      San Jose Mixed-Use Development Space

      Mixed-use property near highways and public transportation.
      3851 Charter Park Dr, San Jose, CA 95136
      View Details
    • Contact for pricing
      3,751 SF

      San Jose Warehouse Space Available

      Warehouse space featuring offices, reception area, and restroom.
      3641 Charter Park Dr, San Jose, CA 95136
      View Details
    • Contact for pricing
      1,440 SF

      San Jose Warehouse Space Available

      Warehouse space featuring roll-up door, office, and bathroom.
      260 Hillsdale Ave, San Jose, CA 95136
      View Details
    • Contact for pricing
      6,155 SF

      San Jose Warehouse Space Available

      6,155 SF warehouse space available now in San Jose.
      3680 Charter Park Dr, San Jose, CA 95136
      View Details
    • Contact for pricing
      2,592 SF

      San Jose Warehouse Space Available

      Warehouse space featuring roll-up doors, offices, and restrooms.
      3710 Charter Park Dr, San Jose, CA 95136
      View Details
    • $2 SF/Yr
      6,600 SF

      San Jose Retail Space - Capitol Expressway

      High-visibility retail space, 6,600 sq ft available.
      705 Capitol Expy, San Jose, CA 95136
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    198 Hillsdale Ave
    San Jose, CA 95136-1398
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.