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Property profile & analytics
OFF-MARKET
Estimated value
$15,540,000
Strip malls
2302 Almaden Rd San Jose, CA 95125-2108
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3004411
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1967
Construction
CONCRETE
Total area
96,869 SF
Lot
9.36 ac (407,871 SF)
Zoning code
C1H
APN
456-23-006
UPID
US09-3004411
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
-
Jiffy Lube Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.54M
Owner & transaction history
Willow Glen Plaza II LLC · 18 yrs held
Willow Glen Plaza II LLC
since 2007
7 recorded transactions
Zoning & alternative use
C1H · 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
$160 / 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
$336,954
Tax year 2024
Assessed value
$23,849,946
Assessed 2024
Previous assessed
$23,849,946
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$13,909,040
Assessed improvement
$9,940,906
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
NONE
Stories
1
Units
20
Total area
96,869 SF
Lot
9.36 ac (407,871 SF)
Zoning code
C1H
APN
456-23-006
UPID
US09-3004411
Jurisdiction
SANTA CLARA
Zoning & alternative use
C1H · San Jose, CA
Zoning C1H · permitted uses
C1H · 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
1967
Construction
CONCRETE
Heating
NONE
Stories
1
Units
20
Lot
9.36 ac
Current owner
From public records · entity-resolved
Willow Glen Plaza II LLC
Entity
Free & Clear · 18 yrs held
Mailing address
1155 REDMOND AVE, SAN JOSE, CA 95120-2780
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2007
—
Willow Glen Plaza II LLC
Kovalik J W Family Trust
Grant Deed
—
Nov 15, 2007
—
Willow Glen Plaza LLC
Kovalik C 1979 Family Trust
Grant Deed
related
—
Nov 8, 2007
$1,440,000
Kovalik,joseph J & Jennifer A
Kovalik J W Family Trust
Grant Deed
related
—
May 29, 2007
—
Loban,john A & Maryanne Trust
Loban,john A & Maryanne
Quit Claim Deed
related
—
Jun 15, 2006
—
Kovalik,c Family Trust
Kovalik J Family B Trust
Quit Claim Deed
related
—
Feb 9, 2000
—
Jennifer A Kovalik
Kovalik Trust
Quit Claim Deed
related
—
Mar 23, 1999
—
Kovalik Trust
—
Deed Of Trust
related
$2,093,468 · Kovalik Trust
Mar 16, 1999
—
Kovalik Trust
Kovalik Trust
Quit Claim Deed
related
—
Mar 12, 1999
—
Kovalik Trust
Kovalik Trust
Quit Claim Deed
related
—
Mar 3, 1999
—
John A Loban
Loban Trust
Quit Claim Deed
related
—
—
—
Kovalik Trust
—
Deed Of Trust
related
$175,000 · Kovalik Trust
—
—
Kovalik,tr
—
Deed Of Trust
related
$230,000 · Kovalik Trust
—
—
Loban,tr
—
Deed Of Trust
related
$880,993 · Maryanne Loban
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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