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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Industrial land
255 Bassett St, San Jose, CA 95110-4000
Entity Owned
3-yr Hold
Free & Clear
Property ID
US10-1951500
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1929
Construction
CONCRETE
Total area
14,620 SF
Lot
0.41 ac (18,000 SF)
Zoning code
DC,IP
APN
259-23-023
UPID
US10-1951500
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Westbury Park LLC · 3 yrs held
Westbury Park LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
DC,IP · 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
$925,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.10M (May 31 2022)
Last sale anchor
$1.10M
May 31 2022
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
$69 / 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
$16,882
Tax year 2024
Assessed value
$1,368,086
Assessed 2024
Previous assessed
$1,368,086
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,368,086
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1929
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
14,620 SF
Lot
0.41 ac (18,000 SF)
Zoning code
DC,IP
APN
259-23-023
UPID
US10-1951500
Jurisdiction
SANTA CLARA
Zoning & alternative use
DC,IP · San Jose, CA
Zoning DC,IP · permitted uses
DC,IP · 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
1929
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Westbury Park LLC
Entity
Free & Clear · 3 yrs held
Mailing address
155 PO BOX 272ND AVE, DANVILLE, CA 94526-0272
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
—
Westbury Park LLC
Cicely K Nyman
Correction Deed
related
—
May 31, 2022
—
Westbury Park LLC
Cicely K Nyman
Quit Claim Deed
related
—
Feb 17, 2022
—
Cicely K Nyman
Cicely K Nyman
Intrafamily Transfer
related
—
Sep 14, 2021
—
Tiffany S Ferreri
Tiffany S Ferreri
Intrafamily Transfer
related
—
Jun 21, 2021
—
Tiffany S Ferreri
Claudia Johnson Interim
Intrafamily Transfer
related
—
Aug 6, 2020
—
Ferreri,tiffany S Trust
Ferreri Tiffany S Trust
Quit Claim Deed
related
—
Oct 9, 2019
—
Nyman,cicely K 2019 Trust
W Charles Hackett
Quit Claim Deed
related
—
Apr 3, 2018
$1,260,000
Hackett,w Charles Trust
Westbury INC
Grant Deed
related
—
May 15, 2008
$1,100,000
Westbury INC
Renzel Robert E Trust
Grant Deed
—
May 15, 2008
—
Ann R Sebastian
Renzel,robert E
Affidavit Of Death
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.
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