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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    229 Blossom Hl Rd San Jose, CA 95123-2203

    • Apartment buildings
    • 181,504 SF
    • 9.54 lot acres
    OFF-MARKET
    Value Estimations
    $1,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3280450
    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

    • Blossom Oaks Apartments / Apartment Building

    Property Details for 229 Blossom Hl Rd

    Year built
    1976
    Construction
    WOOD
    Lot size
    9.54 lot acres
    Property size
    181,504 SF
    Zone code
    R3BH
    Property type
    Apartment buildings
    APN
    690-09-002
    APU
    69009002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $760,000
      Market price range: $761k - $3.22M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.816
    Latitude
    37.2528
    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
    $382,737
    $10,264,477
    $10,946,353
    $21,210,830
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $340,000
      1.70 Acres

      165 Blossom Hl Rd

      APARTMENT HOUSE (5+ UNITS) • 1.70 Acres
      165 Blossom Hl Rd, San Jose, CA 95123-5938
      View Details
    • Value Estimation
      $455,000
      3.88 Acres

      83 Cottle Rd

      APARTMENT HOUSE (5+ UNITS) • 3.88 Acres
      83 Cottle Rd, San Jose, CA 95123
      View Details
    • Value Estimation
      $415,000
      3.76 Acres

      10 Hayes Ave

      APARTMENT HOUSE (5+ UNITS) • 3.76 Acres
      10 Hayes Ave, San Jose, CA 95123
      View Details
    • Value Estimation
      $770,000
      178,080 SF

      6184 Cottle Rd

      APARTMENT HOUSE (5+ UNITS) • 178,080 SF
      6184 Cottle Rd, San Jose, CA 95123-5113
      View Details
    • Value Estimation
      $590,000
      1,344 SF

      165 Blossom Hl Rd

      APARTMENT HOUSE (5+ UNITS) • 1,344 SF
      165 Blossom Hl Rd, San Jose, CA 95123-5938
      View Details
    • Value Estimation
      $910,000
      190,966 SF

      5480 Lean Ave

      APARTMENT HOUSE (5+ UNITS) • 190,966 SF
      5480 Lean Ave, San Jose, CA 95123-6112
      View Details

    Similar Nearby for Sale

    • $379,000

      San Jose Senior Community Home

      Move-in ready 3BR/2BA home in a 55+ community.
      195 Blossom Hill Rd, San Jose, CA 95123
      View Details
    • New
      $1,550,000
      2,110 SF

      Charming Duplex in South San Jose

      Spacious duplex with modern amenities, ideal for investors or multigenerational living.
      5663-5665 Beswick Dr, San Jose, CA 95123
      View Details
    • $175,000

      Retail Space with Spa Features

      Retail space featuring hair, nail, and waxing stations.
      925 Blossom Hill Rd, San Jose, CA 95123
      View Details
    • $3,950,000
      600 SF

      San Jose Office Building For Sale

      Multi-tenant office, owner-user opportunity.
      570 Blossom Hill Rd, San Jose, CA 95123
      View Details
    • $634,000

      San Jose Land For Sale

      Commercial land available in San Jose, California.
      845 Villa Teresa Way, San Jose, CA 95123
      View Details
    • Contact for pricing
      10,856 SF

      San Jose Office Building Investment

      Class B Office, 10,856 SF, Vacant
      6140 Cottle Rd, San Jose, CA 95123
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,050 SF

      Retail Space in San Jose

      Retail space with high residential density and daytime population.
      5760-5770 Cottle Rd, San Jose, CA 95123
      View Details
    • Contact for pricing
      1,304 SF

      Corner Office Unit For Rent

      Ground floor office space with ample window line and parking.
      618 Blossom Hill Rd, San Jose, CA 95123
      View Details
    • Contact for pricing
      4,952 SF

      Freestanding Retail Building on Blossom

      Freestanding retail building with high visibility and ample parking.
      405 Blossom Hill Rd, San Jose, CA 95123
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space Available For Lease

      6,000 square foot retail space available for lease.
      942 Blossom Hill Rd, San Jose, CA 95123
      View Details
    • Contact for pricing
      825 SF

      Retail Space in Dynamic Area

      Retail space in San Jose's dynamic growth area for rent.
      5615-5685 Cottle Rd, San Jose, CA 95123
      View Details
    • $2 SF/Yr
      1,805 SF

      New Retail Strip Center

      Newly constructed retail space in Blossom Valley, San Jose.
      5750 Santa Teresa Blvd, San Jose, CA 95123
      View Details
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    229 Blossom Hl Rd
    San Jose, CA 95123-2203
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    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
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