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Property profile & analytics
OFF-MARKET
Estimated value
$15,675,000
Office buildings
227 Jackson Ave San Jose, CA 95116-1632
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-3053476
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Total area
39,845 SF
Lot
0.77 ac (33,342 SF)
Zoning code
R140
APN
481-05-041
UPID
US09-3053476
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
-
Brian Phung, DO Pediatrician Physician
-
NIRAJ LAL Physician
-
Ackerman Jack L DO Physician
-
Iyengar Jaideep MD Physician
-
Joshua Lopez, DO Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.55M
Blend (final)
Blend
$15.68M
Owner & transaction history
County Of Santa Clara · 1 yrs held
County Of Santa Clara
since 2025
1 recorded transaction
Zoning & alternative use
R140 · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$18.2M
+41.1%
Apartment house (5+ units)
$16.9M
+31.1%
Retail stores
$14.4M
+11.4%
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
$12,920,000
Current use
WAREHOUSE, STORAGE
$18,235,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$16,935,000
Change: +31% · Conversion: Easy
RETAIL STORES
$14,390,000
Change: +11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$11,765,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$15.68M
Range $14.11M – $17.24M · ±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
$393 / 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
$199,822
Tax year 2024
Assessed value
$15,333,101
Assessed 2024
Previous assessed
$15,333,101
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,568,426
Assessed improvement
$11,764,675
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
1995
Heating
NONE
Cooling
YES
Stories
2
Total area
39,845 SF
Lot
0.77 ac (33,342 SF)
Zoning code
R140
APN
481-05-041
UPID
US09-3053476
Jurisdiction
SANTA CLARA
Zoning & alternative use
R140 · San Jose, CA
Zoning R140 · permitted uses
R140 · 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
$12.9M
WAREHOUSE, STORAGE
Est. value
$18.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.9M
RETAIL STORES
Est. value
$14.4M
INDUSTRIAL (GENERAL)
Est. value
$11.8M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1995
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.77 ac
Current owner
From public records · entity-resolved
County Of Santa Clara
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 190700, SAN FRANCISCO, CA 94119-0700
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
—
County Of Santa Clara
San Jose Healthcare System LP
Grant Deed
—
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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