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Property profile & analytics
OFF-MARKET
Estimated value
$10,590,000
Community centers
2105 Morrill Ave San Jose, CA 95132-1130
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-2190130
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1972
Total area
10,952 SF
Lot
3.3 ac (143,748 SF)
Zoning code
CG
APN
092-09-012
UPID
US10-2190130
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Aileen D. Boyer, Pharm Pharmacy
-
LibertyX Bitcoin ATM Atm
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.59M
Owner & transaction history
Phu Khai Quan · 3 yrs held
Phu Khai Quan
since 2022
Last sale
$14.0M
7 recorded transactions
Zoning & alternative use
CG · 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
$11,805,000
ML approach
$8,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.59M
Range $9.53M – $11.65M · ±10% · vs last sale $14.00M (Jul 28 2022)
Last sale anchor
$14.00M
Jul 28 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
$967 / 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
$15,310,910
Assessed 2023
Previous assessed
$15,010,697
+2.0% YoY
Assessed land
$5,659,616
Assessed improvement
$9,651,294
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1972
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
10,952 SF
Lot
3.3 ac (143,748 SF)
Zoning code
CG
APN
092-09-012
UPID
US10-2190130
Jurisdiction
SANTA CLARA
Zoning & alternative use
CG · San Jose, CA
Zoning CG · permitted uses
CG · 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
1972
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
3.3 ac
Current owner
From public records · entity-resolved
Phu Khai Quan
Individual
Mailing address
5848 COUNTRY CLB PKWY, SAN JOSE, CA 95138-2300
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2022
—
Phu Khai Quan
Phu Khai Quan
Intrafamily Transfer
related
$8,100,000 · Industrial & Commercial Bank Of Chi
Apr 16, 2018
—
Quan Of Huang Family Trust
—
Deed
related
$300,000 · Tiana Jenkins
Mar 16, 2018
$14,000,000
Phu Khai Quan
Gabriel H Chiu
Grant Deed
$8,600,000 · East West Bank
Feb 10, 2012
—
Chiu Family Trust
—
Deed Of Trust
related
$5,882,500 · East West Bank
Mar 21, 2002
—
Chiu Trust
Redtree Properties LP
Grant Deed
$3,700,000 · Union Bank Of California
—
—
Properties L P Redtree
—
Deed Of Trust
related
$1,850,000 · Standard Insurance Co
—
—
Redtree Properti
—
Deed Of Trust
related
$8,800,000 · Pacific Western National Bank
—
—
Chiu Family Trust
—
Deed Of Trust
related
$14,493,000 · Union Bank Of California
—
—
Quan Of Huang Family Trust
—
Deed Of Trust
related
$300,000 · Tiana Jenkins
—
—
Quan Of Huang Family Trust
—
Deed Of Trust
related
$200,000 · Lionel Chiu
—
—
Chiu Trust
—
Deed Of Trust
related
$1,018,000 · Segall Trust 006329
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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