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Property profile & analytics
OFF-MARKET
Estimated value
$31,470,000
Industrial land
2001 Fortune Dr, San Jose, CA 95131-1824
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-1961358
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1976
Construction
CONCRETE
Total area
137,187 SF
Lot
9.26 ac (403,365 SF)
Zoning code
TEC
APN
244-17-003
UPID
US10-1961358
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Stack Infrastructure Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$35.23M
Comparable Approach
Comparable
$33.56M
Blend (final)
Blend
$31.47M
Owner & transaction history
Si Svy01-02 Abs LLC · 7 yrs held
Si Svy01-02 Abs LLC
since 2019
7 recorded transactions
Zoning & alternative use
TEC · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$50.2M
+16.5%
Office building
$44.8M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$38,165,000
6.5%
$35,230,000
7%
$32,710,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$43,135,000
Current use
APARTMENT HOUSE (5+ UNITS)
$50,240,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$44,785,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$31.47M
Range $28.32M – $34.62M · ±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
$229 / 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
$6,264,600
Tax year 2024
Assessed value
$483,096,470
Assessed 2024
Previous assessed
$483,096,470
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$22,058,841
Assessed improvement
$461,037,629
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1976
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
137,187 SF
Lot
9.26 ac (403,365 SF)
Zoning code
TEC
APN
244-17-003
UPID
US10-1961358
Jurisdiction
SANTA CLARA
Zoning & alternative use
TEC · San Jose, CA
Zoning TEC · permitted uses
TEC · 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
INDUSTRIAL (GENERAL) Current
Est. value
$43.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$50.2M
OFFICE BUILDING
Est. value
$44.8M
INDUSTRIAL (GENERAL) Current
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
1976
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
9.26 ac
Current owner
From public records · entity-resolved
Si Svy01-02 Abs LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1700 BROADWAY STE #1750, DENVER, CO 80290-1501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2020
—
Si Svy01-02 Abs LLC
—
Deed
related
$325,000,000 · Wilmington Tr NA
Nov 22, 2019
—
Si Svy01-02 Abs LLC
—
Deed
related
$225,000,000 · Wilmington Tr NA
Jun 5, 2019
—
Si Svy01-02 Abs LLC
Si Svy01-02 LLC
Correction Deed
related
—
Mar 1, 2019
—
Svy01-02 Abs LLC
Si Svy01-02 LLC
Grant Deed
—
May 22, 2018
—
Infomart Silicon Valley LLC
—
Deed
related
—
Mar 11, 2008
$14,000,000
Asb Fortune Data Center LLC
Fortunefirst LLC
Grant Deed
—
Mar 2, 1998
—
Fortunefirst LLC
Hyundai Electronics America
Trustees Deed
related
—
Feb 14, 1997
$10,000,000
Hyundai Electronics America
Griffin Investments
Grant Deed
—
Aug 1, 1994
—
Griffin Investments
—
Deed Of Trust
related
$6,735,000 · Silicon Valley Bank
Jul 29, 1994
—
Glenborough Partners
Goco Realty Fund
Grant Deed
related
—
—
—
Fortunefirst LLC
—
Deed Of Trust
related
—
—
—
Griffin Investments
—
Deed Of Trust
related
$4,800,000 · Imperial Thrift & Loan
—
—
Si Svy01-02 Abs LLC
—
Loan Modification
related
$225,000,000 · Wilmington Tr NA
—
—
Asb Fortune Data Center LLC
—
Deed Of Trust
related
$7,000,000 · Comerica Bank
—
—
Infomart Silicon Valley LLC
—
Loan Modification, Consolidation And Extension
related
—
—
—
Si Svy01-02 Abs LLC
—
Loan Modification
related
$325,000,000 · Wilmington Tr NA
—
—
Asb Fortune Data Center LLC
—
Deed Of Trust
related
$6,500,000 · Comerica 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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