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Property profile & analytics
OFF-MARKET
Office buildings
2150 1st St San Jose, CA 95131-2020
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3690016
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
0.58 ac (25,265 SF)
Zoning code
A1
APN
237-17-136
UPID
US09-3690016
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
-
ToLocal International Trade Consultant Business To Business Service
-
Sun-Net, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Jing Chen(陈静), MassMutual, Life Insurance, Retirement planning, Long Term Care Insurance Insurance Agency
-
MassMutual Silicon Valley - Nhan Nguyen Financial Advisor
-
Collide Digital Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2150 N First Novel Coworking L · 7 yrs held
2150 N First Novel Coworking L
since 2019
7 recorded transactions
Zoning & alternative use
A1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,590
Tax year 2024
Assessed value
$1,235,817
Assessed 2024
Previous assessed
$1,235,817
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,235,817
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
Heating
NONE
Lot
0.58 ac (25,265 SF)
Zoning code
A1
APN
237-17-136
UPID
US09-3690016
Jurisdiction
SANTA CLARA
Zoning & alternative use
A1 · San Jose, CA
Zoning A1 · permitted uses
A1 · 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
Heating
NONE
Lot
0.58 ac
Current owner
From public records · entity-resolved
2150 N First Novel Coworking L
Individual
Mailing address
318 W ADAMS ST STE 300D, CHICAGO, IL 60606-5140
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
—
2150 N First Novel Coworking LLC
—
Deed
related
$35,250,000 · Brightspire Credit 7 LLC
Apr 3, 2019
$42,000,000
2150 N First Novel Coworking L
2150 North First Street LLC
Trustees Deed
$31,237,000 · Clnc Credit 7 LLC
Nov 14, 2017
—
2150 North First Street LLC
—
Grant Deed
related
$24,000,000 · Bank Of America
Jan 6, 2015
$23,719,500
2150 North First Street LLC
Gold Ring Holdings LLC
Grant Deed
—
Dec 21, 2012
—
Gold Ring Holdings LLC
2150 N First Street LLC
Deed In Lieu Of Foreclosure
related
—
May 3, 2006
—
2150 N First Street LLC
Latrium On The Creek I LP
Grant Deed
$26,250,000 · Thrivent Financial For Lutherans
Oct 26, 2004
$28,250,000
On The Creek I Latrium
Sj North First Street Office
Grant Deed
$19,750,000 · United Commercial Bank
Jul 30, 1998
—
Sj North First St Office LP
2150 North First Street LP
Grant Deed
related
$11,825,000 · Seller
Feb 13, 1992
$8,598,500
North First Stre
Wells Fargo Bank
Grant Deed
related
$7,098,000 · Wells Fargo Bank
Dec 27, 1990
—
Wells Fargo Bank
Peele Financial
Trustees Deed
related
—
—
—
2150 North First Street LLC
—
Deed Of Trust
related
$24,000,000 · Bank Of America
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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