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Property profile & analytics
OFF-MARKET
Estimated value
$7,555,000
Warehouses
2311 Kruse Dr San Jose, CA 95131-1215
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0873030
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
51,483 SF
Lot
1.73 ac (75,358 SF)
Zoning code
HI
APN
237-18-012
UPID
US09-0873030
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
-
Serface & Son Transfer & Storage Moving Company
-
LA JACARANDA OAXAQUENA Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.56M
Owner & transaction history
Chang Lai LLC · 16 yrs held
Chang Lai LLC
since 2010
7 recorded transactions
Zoning & alternative use
HI · 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 2024Property tax & assessments
Tax year 2024
Tax billed
$59,444
Tax year 2024
Assessed value
$4,049,639
Assessed 2024
Previous assessed
$4,049,639
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$2,189,336
Assessed improvement
$1,860,303
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Heating
NONE
Stories
2
Units
1
Total area
51,483 SF
Lot
1.73 ac (75,358 SF)
Zoning code
HI
APN
237-18-012
UPID
US09-0873030
Jurisdiction
SANTA CLARA
Zoning & alternative use
HI · San Jose, CA
Zoning HI · permitted uses
HI · 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
1968
Heating
NONE
Stories
2
Units
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
Chang Lai LLC
Entity
Mailing address
6139 KAUFFMAN AVE, TEMPLE CITY, CA 91780-1744
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2011
—
Chang Lai LLC
—
Deed Of Trust
related
$8,000,000 · East West Bank
Mar 16, 2010
$3,200,000
Chang Lai LLC
East West Bk
Grant Deed
—
Dec 1, 2009
$2,843,744
East West Bk
Fidelity Natl Title Co
Trustees Deed
related
—
Nov 19, 2008
—
Ben Lien
—
Trustees Deed
related
$300,000 · Long Chau
Jul 16, 2008
—
Blb Ent LLC
—
Deed Of Trust
related
$3,250,000 · United Commercial Bank
Oct 13, 2006
$3,633,000
Blb Ent LLC
Carash,craig
Grant Deed
$2,759,900 · United Commercial Bank
Oct 13, 2006
—
Craig Carash
Corder,ladine
Affidavit Of Death
related
—
Mar 21, 2006
—
Bernard Family Trust
Bernard,nancy C
Quit Claim Deed
related
—
Mar 13, 2006
—
Craig Carash
Corder Ladine Trust
Grant Deed
related
—
Apr 23, 2001
—
Corder Trust
Carash Trust
Grant Deed
related
—
Dec 1, 2000
—
William Carash
William Carash Estate
Quit Claim Deed
related
—
Jan 13, 2000
—
Craig Carash
Julian Carash Estate
Quit Claim Deed
related
—
Aug 26, 1998
—
Craig Carash
Cupertino National Bank
Grant Deed
related
—
Jul 28, 1998
—
Craig Carash
Carash Trust
Quit Claim Deed
related
—
—
—
Blb Ents LLC
—
Deed Of Trust
related
$175,000 · Cindy Cheng
—
—
Blb Ent LLC
—
Deed Of Trust
related
$825,000 · United Commercial 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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