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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Office buildings
2446 Almaden Rd San Jose, CA 95125-2801
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-2079598
Property summary
AI-generated overview
This exceptional 2,809 square foot medical office building, located at 2446-2458 Almaden Road in San Jose, California, presents a compelling investment opportunity. Situated on a 0.38-acre lot zoned CP (Commercial Pedestrian), this property boasts high traffic and visibility, making it ideal for a variety of medical practices. The building currently features a mix of occupied and vacant space
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Construction
WOOD
Total area
2,809 SF
Lot
0.38 ac (16,485 SF)
Zoning code
C1
APN
455-17-090
UPID
US09-2079598
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
-
Dr. Theodore Caldoni Dental Office
-
Goodcycle Secondhand Store Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.50M
Owner & transaction history
Mythical Media LLC · 4 yrs held
Mythical Media LLC
since 2021
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
C1 · 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
Method
Estimation
Statistic approach
$1,155,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
$1,755,000
6.5%
$1,620,000
7%
$1,505,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,335,000
Current use
WAREHOUSE, STORAGE
$1,285,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$1,115,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10% · vs last sale $1.55M (Nov 30 2021)
Last sale anchor
$1.55M
Nov 30 2021
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
$532 / 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
$1,581,000
Assessed 2023
Previous assessed
$1,581,000
+0.0% YoY
Assessed land
$918,000
Assessed improvement
$663,000
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
1969
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
3
Total area
2,809 SF
Lot
0.38 ac (16,485 SF)
Zoning code
C1
APN
455-17-090
UPID
US09-2079598
Jurisdiction
SANTA CLARA
Zoning & alternative use
C1 · San Jose, CA
Zoning C1 · permitted uses
C1 · 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
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
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
1969
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
3
Lot
0.38 ac
Current owner
From public records · entity-resolved
Mythical Media LLC
Entity
Free & Clear · 4 yrs held
Mailing address
215 LEO AVE, SAN JOSE, CA 95112-6001
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
—
Mythical Media LLC
—
Deed
related
$936,000 · Athas Capital Group INC
Nov 30, 2021
$1,550,000
Mythical Media LLC
Sharon L Shelgren
Grant Deed
—
Nov 29, 2016
$1,250,000
Sharon L Shelgren
Diorite 1031 LLC
Grant Deed
$650,000 · Bank Of The West
Aug 19, 2016
$1,250,000
Diorite 1031 LLC
Caldoni,theodore
Grant Deed
$1,100,000 · Secured Income Fund II Secured Income Fund II
Jun 1, 2004
$750,000
Theodore T Caldoni
Rojas,jesus V & Maria H
Grant Deed
—
Jul 9, 1998
$340,000
Jesus V Rojas
Castello,joseph S & Allene N
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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