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

    220 Meridian Ave San Jose, CA 95126-2903

    • Office buildings
    • 5,644 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimations
    $1,460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2748581
    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

    • Dr. John H. Sullivan, MD / Ophthalmologist
    • Christina Nguyen Deane / Physician
    • Eye Medical Clinic / Medical Clinic / Ophthalmologist
    • Deane Christina OD / Physician
    • Harmohina Bagga / Ophthalmologist

    Property Details for 220 Meridian Ave

    Year built
    1951
    Construction
    WOOD
    Lot size
    0.75 lot acres
    Property size
    5,644 SF
    Zone code
    OA
    Property type
    Office buildings
    APN
    261-42-065
    APU
    26142065

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,646,000
      Market price range: $1.43M - $2.63M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,035,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,140,000
      Change: +5% Conversion: Easy
      RETAIL STORES
      $1,760,000
      Change: -14% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $1,665,000
      Change: -18% 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
    -121.913
    Latitude
    37.3253
    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
    $22,226
    $1,268,019
    $485,278
    $1,753,297
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,875,000
      6,252 SF

      1625 The Alameda Ste, Unit 500

      OFFICE BUILDING • 6,252 SF
      1625 The Alameda Ste, San Jose, CA 95126-2200
      View Details
    • Value Estimation
      $515,000
      1,499 SF

      1089 Park Ave

      OFFICE BUILDING • 1,499 SF
      1089 Park Ave, San Jose, CA 95126-3026
      View Details
    • Value Estimation
      $13,380,000
      60,060 SF

      1401 Parkmoor Ave

      OFFICE BUILDING • 60,060 SF
      1401 Parkmoor Ave, San Jose, CA 95126-3403
      View Details
    • Value Estimation
      $3,470,000
      15,320 SF

      1602 The Alameda

      OFFICE BUILDING • 15,320 SF
      1602 The Alameda, San Jose, CA 95126-2307
      View Details
    • Value Estimation
      $1,180,000
      3,620 SF

      1611 The Alameda

      OFFICE BUILDING • 3,620 SF
      1611 The Alameda, San Jose, CA 95126-2202
      View Details
    • Value Estimation
      $2,755,000
      11,840 SF

      1515 The Alameda

      OFFICE BUILDING • 11,840 SF
      1515 The Alameda, San Jose, CA 95126-2321
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,938 SF

      Office Building with Signage

      Office building offering parking and signage opportunities in San Jose.
      1010 The Alameda, San Jose, CA 95126
      View Details
    • $1,299,999
      1,534 SF

      Freestanding Office Building in Rose Garden

      Updated 1,534 SF office building in desirable Rose Garden.
      1217 Park Ave, San Jose, CA 95126
      View Details
    • $680,000
      857 SF

      Alameda Park Center Office Condo

      San Jose Office Suite - $680,000
      2021 The Alameda, San Jose, CA 95126
      View Details
    • $428,888

      San Jose Office Condo For Sale

      Office condo in prime location, ideal for owner-users or investors.
      2021 The Alameda 199, San Jose, CA 95126
      View Details
    • $428,888
      850 SF

      San Jose Office Condo For Sale

      Office condo in prime location, ideal for owner-users or investors.
      The Alameda, San Jose, CA 95126
      View Details
    • Contact for pricing

      Midtown Mixed-Use Opportunity

      Live, work, and develop in a prime Midtown location.
      278 Grand Ave, San Jose, CA 95126
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,544 SF

      San Jose Office Building ForRent

      Two-story office building in central San Jose location.
      1401 Parkmoor Ave, San Jose, CA 95126
      View Details
    • Contact for pricing
      3,875 SF

      Freestanding Historical Office Building

      Two-story, restored historical office building with modern amenities for rent.
      1694 The Alameda, San Jose, CA 95126
      View Details
    • Contact for pricing
      4,500 SF

      San Jose Office Space Available

      Office space available for rent in San Jose, California.
      1085 The Alameda, San Jose, CA 95126
      View Details
    • $27 SF/Yr
      131,997 SF

      Santa Clara Industrial Spaces

      Versatile industrial suites, 200-5,000 sq ft.
      1185 Campbell Ave, San Jose, CA 95126
      View Details
    • Contact for pricing
      120 SF

      Professional Office Space with Courtyard

      Office space with easy highway access and private parking.
      1885 The Alameda, San Jose, CA 95126
      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.
    220 Meridian Ave
    San Jose, CA 95126-2903
    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!