Sign Up Successful!
You now have access to more from Realmo!
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

    2162 Ringwood Ave San Jose, CA 95131-1720

    • Industrial properties
    • 1,784 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Jan 26, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0064793
    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

    • Nature Insurance Agency / Insurance Agency
    • Green Bay Remodeling Inc., San Jose / Construction Company

    Property Details for 2162 Ringwood Ave

    Year built
    2004
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Property size
    1,784 SF
    Zone code
    IP
    Property type
    Industrial properties
    APN
    244-43-026
    APU
    24443026

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.897
    Latitude
    37.3981
    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
    $7,856
    $290,758
    $257,407
    $548,165
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      1151 Ringwood Ct

      Distribution properties
      1151 Ringwood Ct, San Jose, CA 95131
      View Details
    • Value Estimation
      $39,080,000
      258,820 SF

      1911 Lundy Ave

      INDUSTRIAL (GENERAL) • 258,820 SF
      1911 Lundy Ave, San Jose, CA 95131-1847
      View Details
    • Value Estimation
      $3,365,000
      212,000 SF

      750 Ridder Park Dr

      PRINTING, PUBLISHING (LIGHT INDUSTRIAL) • 212,000 SF
      750 Ridder Park Dr, San Jose, CA 95131-2432
      View Details
    • Value Estimation
      $2,120,000
      8,800 SF

      2283 Ringwood Ave

      INDUSTRIAL (GENERAL) • 8,800 SF
      2283 Ringwood Ave, San Jose, CA 95131-1740
      View Details
    • Value Estimation
      $3,855,000
      25,458 SF

      2071 Ringwood Ave Ste D

      CONDOMINIUMS (INDUSTRIAL) • 25,458 SF
      2071 Ringwood Ave Ste D, San Jose, CA 95131-1760
      View Details
    • Value Estimation
      $1,660,000
      6,479 SF

      2290 Ringwood Ave, Unit 10

      CONDOMINIUMS (INDUSTRIAL) • 6,479 SF
      2290 Ringwood Ave, San Jose, CA 95131-1718
      View Details

    Similar Nearby for Sale

    • $2,127,125
      5,005 SF

      San Jose Flex Space Investment

      5,005 SF NNN Leased Industrial Building
      521 San Jose Ca 95131, San Jose, CA 95131
      View Details
    • $26,000,000
      46,000 SF

      San Jose Warehouse: $26M

      Prime 46,000 SF warehouse, San Jose, CA.
      2071 Ringwood Ave, San Jose, CA 95131
      View Details
    • $1,675,000
      3,351 SF

      Venture Commerce Center Condo

      San Jose Industrial/Office Condo, $1.675M
      1869 Concourse Dr, San Jose, CA 95131
      View Details
    • $575,000
      1,210 SF

      Commercial Condo in Fortune Business

      Commercial condominium for sale in Silicon Valley's Fortune Business.
      2290 Ringwood Ave, San Jose, CA 95131
      View Details
    • $1,600,000
      3,196 SF

      San Jose Industrial Warehouse

      Prime San Jose warehouse, office space available.
      1937 Concourse Dr, San Jose, CA 95131
      View Details
    • $1,264,990
      2,365 SF

      San Jose Industrial Warehouse Condo

      2,365 SF Warehouse - $1.26M
      2231 Fortune Dr, San Jose, CA 95131
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      93,156 SF

      Industrial Space with Expandable Office

      Industrial property featuring expandable office and mezzanine space for lease.
      2105 Lundy Ave, San Jose, CA 95131
      View Details
    • Contact for pricing
      12,359 SF

      San Jose Lab/Manufacturing & Office

      Available space with open lab/manufacturing and office areas.
      1980-1998 Concourse Dr, San Jose, CA 95131
      View Details
    • $2 SF/Yr
      1,728 SF

      San Jose Flex Space Available

      Flex space in North San Jose, near light rail.
      2381 Zanker Rd, San Jose, CA 95131
      View Details
    • $1.85 SF/Yr
      7,628 SF

      San Jose Warehouse with Office

      Warehouse with office space available for lease in San Jose.
      1914-1968 Junction Ave, San Jose, CA 95131
      View Details
    • $28 SF/Yr
      9,816 SF

      San Jose Flex/Industrial Space

      Flex/industrial space in North San Jose with convenient access.
      2305-2309 Bering Dr, San Jose, CA 95131
      View Details
    • Contact for pricing
      5,760 SF

      San Jose Flex/Industrial Space

      Flex/industrial space available for lease or sale in San Jose.
      962-978 Rincon Cir, San Jose, CA 95131
      View Details
    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.
    2162 Ringwood Ave
    San Jose, CA 95131-1720
    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.