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Property profile & analytics
OFF-MARKET
Estimated value
$26,215,000
Office buildings
2150 1st St San Jose, CA 95131-2020
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2814201
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
WOOD
Total area
122,533 SF
Lot
4.09 ac (178,160 SF)
Zoning code
CG,AP
APN
237-17-157
UPID
US10-2814201
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 Business To Business Service International Trade Consultant
-
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
$29.69M
Blend (final)
Blend
$26.22M
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
CG,AP · 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
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
$40,000,000
Current use
INDUSTRIAL (GENERAL)
$38,525,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$26.22M
Range $23.59M – $28.84M · ±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
$214 / 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
$1,139,703
Tax year 2024
Assessed value
$91,569,848
Assessed 2024
Previous assessed
$91,569,848
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$8,716,357
Assessed improvement
$82,853,491
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
1985
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
6
Total area
122,533 SF
Lot
4.09 ac (178,160 SF)
Zoning code
CG,AP
APN
237-17-157
UPID
US10-2814201
Jurisdiction
SANTA CLARA
Zoning & alternative use
CG,AP · San Jose, CA
Zoning CG,AP · permitted uses
CG,AP · 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
$40.0M
INDUSTRIAL (GENERAL)
Est. value
$38.5M
OFFICE BUILDING Current
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
1985
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
6
Lot
4.09 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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
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
Dec 27, 1990
—
Wells Fargo Bank
Peele Financial
Trustees 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.
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