Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2491 Skylark Dr San Jose, CA 95125-2916

    • Apartment buildings
    • 4,731 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2022
    Value Estimations
    $1,170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1571180
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2491 Skylark Dr

    Year built
    1957
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    4,731 SF
    Zone code
    R3
    Property type
    Apartment buildings
    APN
    455-14-009
    APU
    45514009

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,645,000
      6.5%
      $1,520,000
      7%
      $1,410,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,735,000
      Current use
      RETAIL STORES
      $1,880,000
      Change: +8% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.882
    Latitude
    37.2867
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $24,387
    $829,430
    $939,768
    $1,769,198
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.48 Acres

      2320 Canoas Gdn Ave

      APARTMENT HOUSE (5+ UNITS) • 0.48 Acres
      2320 Canoas Gdn Ave, San Jose, CA 95125-1434
      View Details
    • Value Estimation
      $1,180,000
      4,731 SF

      2481 Skylark Dr

      APARTMENT HOUSE (5+ UNITS) • 4,731 SF
      2481 Skylark Dr, San Jose, CA 95125-2912
      View Details
    • Value Estimation
      $29,955,000
      131,032 SF

      1500 Almaden Rd

      APARTMENT HOUSE (5+ UNITS) • 131,032 SF
      1500 Almaden Rd, San Jose, CA 95125-6538
      View Details
    • Value Estimation
      $1,505,000
      6,139 SF

      1530 Alta Gln Ct

      APARTMENT HOUSE (5+ UNITS) • 6,139 SF
      1530 Alta Gln Ct, San Jose, CA 95125-4449
      View Details
    • Value Estimation
      $5,735,000
      36,041 SF

      1514 Alta Gln Dr

      APARTMENT HOUSE (5+ UNITS) • 36,041 SF
      1514 Alta Gln Dr, San Jose, CA 95125-4466
      View Details
    • Value Estimation
      $5,035,000
      29,251 SF

      1515 Alta Gln Dr

      APARTMENT HOUSE (5+ UNITS) • 29,251 SF
      1515 Alta Gln Dr, San Jose, CA 95125-4467
      View Details

    Similar Nearby for Sale

    • $1,999,888

      Redevelopment Opportunity with Rental Income

      Single-family home with multifamily development potential in San Jose.
      1966 Almaden Rd, San Jose, CA 95125
      View Details
    • $4,325,750
      6,654 SF

      San Jose Office Buildings For Sale

      Three buildings on two parcels with flexible lease terms.
      2075 Lincoln Ave, San Jose, CA 95125
      View Details
    • $1,000,000
      1,500 SF

      Two Equipped Latin American Restaurants

      Two fully equipped restaurants in desirable, high-traffic neighborhoods.
      1384 Lincoln Ave, San Jose, CA 95125
      View Details
    • $2,300,000

      San Jose Office Building

      Office building for sale in San Jose, California.
      1640 Norman Ave, San Jose, CA 95125
      View Details
    • $899,999

      San Jose Warehouse with Offices

      Multi-purpose warehouse with offices and roll-up loading door.
      1857 Little Orchard St, San Jose, CA 95125
      View Details
    • $1,348,000

      San Jose Specialty Property

      Specialty property available for sale in San Jose, CA.
      1494-1496 Meridian Ave, San Jose, CA 95125
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,415 SF

      San Jose Warehouse Space Available

      24,415 SF warehouse with office space for lease.
      170-198 Barnard Ave, San Jose, CA 95125
      View Details
    • Contact for pricing
      3,016 SF

      San Jose Retail Power Center

      Dynamic retail center with national tenants and upcoming supermarket.
      71-81 Curtner Ave, San Jose, CA 95125
      View Details
    • $1,600 /Mo
      2,273 SF

      Willow Glen Retail Space Available

      Rare ±2,273 SF retail space in the heart of Willow Glen.
      1151-1155 Lincoln Ave, San Jose, CA 95125
      View Details
    • $4 SF/Yr
      1,400 SF

      San Jose Office Space Available

      Office space for rent in San Jose with open floorplan.
      2280 Lincoln Ave, San Jose, CA 95125
      View Details
    • $30 SF/Yr
      1,125 SF

      Retail Space in San Jose

      Retail space available for lease in San Jose, CA.
      699 Curtner Ave, San Jose, CA 95125
      View Details
    • Contact for pricing
      1,321 SF

      Retail Space in Shopping Center

      Retail space available in a busy shopping center.
      111-121 Curtner Ave, San Jose, CA 95125
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2491 Skylark Dr
    San Jose, CA 95125-2916
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.