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Property profile & analytics
OFF-MARKET
Estimated value
$2,730,000
Manufacturing properties
2231 Ringwood Ave San Jose, CA 95131-1737
Individually Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3309858
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Construction
CONCRETE
Total area
18,560 SF
Lot
0.91 ac (39,600 SF)
Zoning code
IP
APN
244-23-012
UPID
US09-3309858
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
-
Sonitek Electronics & Wireless 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
$2.73M
Owner & transaction history
Huynh-lee,tr · 23 yrs held
Huynh-lee,tr
since 2003
6 recorded transactions
Zoning & alternative use
IP · 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
$147 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$1,802,884
Assessed 2023
Previous assessed
$2,176,583
-17.2% YoY
Assessed land
$636,339
Assessed improvement
$1,166,545
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
18,560 SF
Lot
0.91 ac (39,600 SF)
Zoning code
IP
APN
244-23-012
UPID
US09-3309858
Jurisdiction
SANTA CLARA
Zoning & alternative use
IP · San Jose, CA
Zoning IP · permitted uses
IP · 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
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Huynh-lee,tr
Individual
Free & Clear · 23 yrs held
Mailing address
2526 QUME DR STE #28, SAN JOSE, CA 95131-1870
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2003
—
Huynh-lee,tr
Huynh,quyen V
Quit Claim Deed
related
—
Dec 10, 2002
—
Q Huynh
Huynh,tr
Quit Claim Deed
related
—
Jun 22, 1998
—
Quyen V Huynh
Huynh,quyen Tt
Quit Claim Deed
related
—
May 30, 1997
—
Tom T Lin
Lin,michelle S
Quit Claim Deed
related
—
May 30, 1997
$1,350,000
Huynh,quyen V
Ringwood Associates
Trustees Deed
$877,500 · Wells Fargo Bank
—
—
Fred W Applegate
—
Deed Of Trust
related
$660,000 · Wells Fargo Bank
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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