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Property profile & analytics
OFF-MARKET
Estimated value
$24,820,000
Office buildings
2010 1st St San Jose, CA 95131-2018
Individually Owned
27-yr Hold
Free & Clear
Property ID
US09-3118282
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
CONCRETE
Total area
87,445 SF
Lot
2.63 ac (114,563 SF)
Zoning code
APD
APN
237-17-155
UPID
US09-3118282
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
-
Valuation Consultant Real Estate Agency
-
Technology Credit Union Credit Union
-
Infobahn Softworld Business Management Consultant
-
NAMI Crisis Center Medical Clinic
-
Technology Wealth Management Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$31.66M
Blend (final)
Blend
$24.82M
Owner & transaction history
Technology FCU · 27 yrs held
Technology FCU
since 1999
2 recorded transactions
Zoning & alternative use
APD · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$40.0M
+40.2%
Apartment house (5+ units)
$32.0M
+12.2%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$28,545,000
Current use
WAREHOUSE, STORAGE
$40,015,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$32,025,000
Change: +12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$27,495,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$24.82M
Range $22.34M – $27.30M · ±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
$284 / 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
$28,893,903
Assessed 2023
Previous assessed
$27,733,900
+4.2% YoY
Assessed land
$7,232,898
Assessed improvement
$21,661,005
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
5
Units
10
Total area
87,445 SF
Lot
2.63 ac (114,563 SF)
Zoning code
APD
APN
237-17-155
UPID
US09-3118282
Jurisdiction
SANTA CLARA
Zoning & alternative use
APD · San Jose, CA
Zoning APD · permitted uses
APD · 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
OFFICE BUILDING Current
Est. value
$28.5M
WAREHOUSE, STORAGE
Est. value
$40.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$32.0M
INDUSTRIAL (GENERAL)
Est. value
$27.5M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1984
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Units
10
Lot
2.63 ac
Current owner
From public records · entity-resolved
Technology FCU
Individual
Free & Clear · 27 yrs held
Mailing address
2010 N 1ST ST, SAN JOSE, CA 95131-2018
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 1999
—
Technology FCU
Tst 2010 N First LLC
Grant Deed
related
—
Nov 4, 1997
—
Tst 2010 N First LLC
Travelers Insurance
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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