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Property profile & analytics
OFF-MARKET
Estimated value
$4,360,000
Manufacturing properties
2245 Ringwood Ave San Jose, CA 95131-1737
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US10-2774945
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Construction
TILT-UP CONCRETE
Total area
18,696 SF
Lot
0.91 ac (39,600 SF)
Zoning code
IP
APN
244-23-014
UPID
US10-2774945
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.80M
Comparable Approach
Comparable
$4.57M
Blend (final)
Blend
$4.36M
Owner & transaction history
Pmp Tech INC · 9 yrs held
Pmp Tech INC
since 2017
7 recorded transactions
Zoning & alternative use
IP · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.8M
+16.5%
Office building
$6.1M
+3.8%
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%
$5,200,000
6.5%
$4,800,000
7%
$4,460,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,880,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,845,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$6,105,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$4.36M
Range $3.92M – $4.80M · ±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
$233 / 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
$8,306,803
Assessed 2023
Previous assessed
$7,322,846
+13.4% YoY
Assessed land
$1,968,562
Assessed improvement
$6,338,241
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
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
18,696 SF
Lot
0.91 ac (39,600 SF)
Zoning code
IP
APN
244-23-014
UPID
US10-2774945
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.1M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Pmp Tech INC
Entity
Mailing address
2245 RINGWOOD AVE, SAN JOSE, CA 95131-1737
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2017
$4,978,000
Pmp Tech INC
Teramo,clay
Grant Deed
—
Oct 27, 2015
—
Clay Teramo
Ringwood Dms Building LLC
Grant Deed
$800,999 · Comerica Bank
Mar 11, 2008
—
Ringwood Dms Building LLC
Clay M Teramo
Grant Deed
$608,000 · Wells Fargo Bank NA
Dec 20, 2007
—
Clay M Teramo
Teramo,caroline A
Quit Claim Deed
related
—
Dec 20, 2007
$2,317,000
Clay M Teramo
Lspi Exchange Corp
Grant Deed
$1,000,000 · Wells Fargo Bank NA
Jun 29, 2007
$2,134,500
Lspi Exchange Corp
Chi Chang Chen
Grant Deed
$1,707,520 · Wells Fargo Bank NA
Aug 2, 1999
—
Chen C Chang
Chang,chen C
Quit Claim Deed
related
$950,000 · United Commercial Bank
Jan 5, 1995
—
Chen C Chang
Chang,chen C
Quit Claim Deed
related
—
Aug 8, 1989
$1,114,000
Chen Chang
Buchner,r.
Grant Deed
$700,000 · United Savings Bank
—
—
Ringwood Dms Building LLC
—
Deed Of Trust
related
$600,000 · Comerica Bank
—
—
Ringwood Dms Building LLC
—
Deed Of Trust
related
$890,000 · Comerica Bank
—
—
Raymond Buchner
—
Deed Of Trust
related
$631,000 · Individual
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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