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Property profile & analytics
OFF-MARKET
Warehouses
2487 Alum Rock Ave San Jose, CA 95116-2600
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-2765934
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Total area
1,236 SF
Lot
0.4 ac (17,550 SF)
Zoning code
C2H
APN
484-01-033
UPID
US09-2765934
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
-
Alum Rock Self Storage Storage Facility
-
FedEx Drop Box Postal Service Courier Service
-
KEEZ Car Rentals Car Rental Facility
-
Penske Truck Rental Car Rental Facility
-
Garcia's Handyman Hardware & Home Improvement General Contractor
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
Smst 2487 Alum Rock Ave LLC · 1 yrs held
Smst 2487 Alum Rock Ave LLC
since 2024
Last sale
$19.4M
7 recorded transactions
Zoning & alternative use
C2H · 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
$2,261,144
Assessed 2023
Previous assessed
$2,216,809
+2.0% YoY
Assessed land
$421,907
Assessed improvement
$1,839,237
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
1955
Heating
NONE
Stories
1
Total area
1,236 SF
Lot
0.4 ac (17,550 SF)
Zoning code
C2H
APN
484-01-033
UPID
US09-2765934
Jurisdiction
SANTA CLARA
Zoning & alternative use
C2H · San Jose, CA
Zoning C2H · permitted uses
C2H · 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
1955
Heating
NONE
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Smst 2487 Alum Rock Ave LLC
Entity
Mailing address
118 WELSH RD, HORSHAM, PA 19044-2242
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
$19,425,000
Smst 2487 Alum Rock Ave LLC
Budget Storage LLC
Grant Deed
—
Jan 15, 2015
—
Budget Storage LLC
Budget Storage INC
Grant Deed
$7,000,000 · Ubs Real Estate Securities INC
Dec 10, 1998
$238,000
Budget Storage INC
Pape,steve
Grant Deed
$3,400,000 · Cupertino National Bank
Aug 26, 1997
—
Steve Pape
Pape,anita M
Quit Claim Deed
related
—
Aug 26, 1997
$510,000
Pape,steve
Le,hunhg H & Khuyen T
Trustees Deed
$306,000 · Bay Area Financial
Sep 17, 1996
—
Hung H Le
Le,michael & Kim
Quit Claim Deed
related
—
Sep 9, 1993
—
Michael Le
Foreclosure Comp
Trustees Deed
related
—
Aug 10, 1990
$440,000
Guillerm Andrade
Le,m.&k./le,h.&k
Grant Deed
related
—
Dec 22, 1989
$60,000
Michael Le Hu Le
Le,h.
Grant Deed
related
—
Aug 30, 1989
$771,000
Hung Le
Commonwealth Lan
Trustees Deed
—
Feb 28, 1989
$7,500
Diep Le
Lewis,m.
Grant Deed
related
—
Sep 19, 1988
$15,000
Melvin Lewis
Crumb,h.
Quit Claim Deed
related
—
—
—
Hung H Le
—
Deed Of Trust
related
$305,000 · Metropolitan Bank
—
—
Guillerm Andrade
—
Deed Of Trust
related
$225,000 · Argent Mortgage Investment Co
—
—
Guillerm Andrade
—
Deed Of Trust
related
$50,000 · Individual
—
—
Budget Storage INC
—
Deed Of Trust
related
$170,000 · San Jose City (ca)
—
—
James Cossentine
—
Deed Of Trust
related
$75,000 · Individual
—
—
Budget Storage INC
—
Deed Of Trust
related
$4,900,000 · Bridger Commercial Funding LLC
—
—
Steve Pape
—
Deed Of Trust
related
$50,000 · Avco Financial Svcs So Califor
—
—
Budget Storage INC
—
Deed Of Trust
related
$7,050,000 · Lasalle National 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.
Try Rey
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