Add Listing
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

    2107 1st St San Jose, CA 95131-2019

    • Office buildings
    • 102,986 SF
    • 3.86 lot acres
    OFF-MARKET
    Value Estimations
    $40,905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2972576
    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

    • River Meadow Software / (Bike/Boat/Book/etc) Store / Corporate Office
    • Travelers / Insurance Agency
    • Covered California Certified Agent / Insurance Agency
    • Law Offices of Daniel Shanfield Immigration Defense PC. / Law Firm
    • Jean Chen Law Office / Law Firm

    Property Details for 2107 1st St

    Year built
    1985
    Lot size
    3.86 lot acres
    Property size
    102,986 SF
    Zone code
    A(PD)
    Property type
    Office buildings
    APN
    101-05-004
    APU
    10105004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $40,970,000
      Market price range: $25.0M - $41.0M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $33,620,000
      Current use
      RETAIL STORES
      $49,260,000
      Change: +47% Conversion: Moderate
      WAREHOUSE, STORAGE
      $47,125,000
      Change: +40% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $37,715,000
      Change: +12% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $32,380,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.92
    Latitude
    37.3743
    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
    $489,295
    $14,764,222
    $24,060,213
    $38,824,435
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.73 Acres

      2010 1st St

      OFFICE BUILDING • 0.73 Acres
      2010 1st St, San Jose, CA 95131-2018
      View Details
    • Value Estimation
      $12,675,000
      72,496 SF

      2580 1st St

      OFFICE BUILDING • 72,496 SF
      2580 1st St, San Jose, CA 95131-1042
      View Details
    • Value Estimation by Request
      1,277 SF

      2051 Jct Ave Ste, Unit 218

      OFFICE BUILDING • 1,277 SF
      2051 Jct Ave Ste, San Jose, CA 95131-2114
      View Details
    • Value Estimation
      $1,255,000
      4,875 SF

      2248 1st St

      OFFICE BUILDING • 4,875 SF
      2248 1st St, San Jose, CA 95131-2022
      View Details
    • Value Estimation by Request
      1,776 SF

      2050 Concourse Dr Ste, Unit 74

      OFFICE BUILDING • 1,776 SF
      2050 Concourse Dr Ste, San Jose, CA 95131-1895
      View Details
    • Value Estimation
      $1,355,000
      5,272 SF

      2262 1st St

      OFFICE BUILDING • 5,272 SF
      2262 1st St, San Jose, CA 95131-2022
      View Details

    Similar Nearby for Sale

    • $520,000
      1,216 SF

      Versatile Commercial Condo in San Jose

      Flexible 1,216 sq ft condo in a prime San Jose location.
      2050 Concourse Dr, San Jose, CA 95131
      View Details
    • $880,000
      1,756 SF

      Professionally Designed Office Condo

      Ground-floor office condo in Venture Commerce Center, San Jose.
      Concourse Dr, San Jose, CA 95131
      View Details
    • $499,000
      1,027 SF

      Office Unit in Quiet Environment

      Office unit in a convenient location with highway access.
      1879 Lundy Ave, San Jose, CA 95131
      View Details
    • Contact for pricing
      3,196 SF

      Industrial Condo Near San Jose Airport

      Industrial condo with office space, near San Jose International Airport.
      2216 Ringwood Ave, San Jose, CA 95131
      View Details
    • Contact for pricing
      5,005 SF

      Silicon Valley Commercial Condominium

      Dynamic business center with strong tenant in Silicon Valley.
      521 Charcot Ave, San Jose, CA 95131
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,338 SF

      Office Space Near Light Rail

      Office buildings with prominent signage and ample parking for lease.
      2226-2232 N 1St St, San Jose, CA 95131
      View Details
    • Contact for pricing

      Premium Office Space Available

      Adaptable office space in a prime location near amenities.
      2535 N 1St St, San Jose, CA 95131
      View Details
    • Contact for pricing

      San Jose Office Space Available

      Office space for rent in San Jose near light rail.
      2525 N 1St St, San Jose, CA 95131
      View Details
    • Contact for pricing
      9,208 SF

      North San Jose Corner Office

      Office building with light rail access and ample parking.
      2290 N 1St St, San Jose, CA 95131
      View Details
    • $3 SF/Yr
      48,536 SF

      Class A Campus with Improvements

      Office space with direct highway access and light rail proximity.
      375 West Trimble Rd, San Jose, CA 95131
      View Details
    • Contact for pricing
      62,784 SF

      Premium Office Space Available

      Flexible office space in a premium location near light rail.
      2545 N 1St St, San Jose, CA 95131
      View Details

    Property Visit Statistics

    • Visits by month
      7.6k
    • Visitors by month
      5.6k
    • Avg Time on site
      237 min
    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.
    2107 1st St
    San Jose, CA 95131-2019
    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.
    Sign Up Successful!
    You now have access to more from Realmo!