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Property profile & analytics
OFF-MARKET
Office buildings
2460 1st St San Jose, CA 95131-1022
Entity Owned
7-yr Hold
Free & Clear
Property ID
US10-2980596
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
0.81 ac (35,250 SF)
Zoning code
IP(PD
APN
237-22-067
UPID
US10-2980596
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
-
Division of Equity and Social Justice Government Office
-
County of Santa Clara - Office of Labor Standards Enforcement Local Government Office
-
County of Santa Clara, Office of LGBTQ Affairs County Government Office Service Establishment
-
Kokusai Semiconductor Industrial Manufacturer
-
Silicon Valley Leadership Group Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Firstcom LLC · 7 yrs held
Firstcom LLC
since 2019
5 recorded transactions
Zoning & alternative use
IP(PD · 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
—
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
$2,637,615
Assessed 2023
Previous assessed
$2,585,898
+2.0% YoY
Assessed land
$2,637,615
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
Heating
NONE
Lot
0.81 ac (35,250 SF)
Zoning code
IP(PD
APN
237-22-067
UPID
US10-2980596
Jurisdiction
SANTA CLARA
Zoning & alternative use
IP(PD · San Jose, CA
Zoning IP(PD · permitted uses
IP(PD · 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
Heating
NONE
Lot
0.81 ac
Current owner
From public records · entity-resolved
Firstcom LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1960 THE ALAMEDA STE #20, SAN JOSE, CA 95126-1441
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2019
—
Firstcom LLC
—
Grant Deed
related
$32,000,000 · Miscellaneous Ins Co
Mar 7, 2019
$54,100,000
Firstcom LLC
Ba1 2460 North First LLC
Grant Deed
—
Aug 26, 2016
$34,150,000
Ba1 2460 North First LLC
The Realty Associates Fund Viii LP
Grant Deed
—
Jan 31, 2007
—
Realty Associates Fund Viii
Ca-north First Office Ctr
Grant Deed
—
Nov 18, 1993
—
Properties LP Spieker
Crow Spieker Fre
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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