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Property profile & analytics
FOR LEASE
Office buildings
2580 North 1St St San Jose, CA 95131
Individually Owned
12-yr Hold
Free & Clear
Property ID
US09-2218201
For Lease
$12,675,000
2580 North 1St St, San Jose, CA 95131
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
STEEL FRAME
Total area
72,496 SF
Lot
2.2 ac (96,035 SF)
Zoning code
A(PD)
APN
237-22-087
UPID
US09-2218201
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
-
Semtech Corporation Factory Production Facility
-
Vendavo Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Social Services Department Social Service Agency Charitable Organization
-
K2 Cyber Security, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Flower Flour Bakery (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.98M
Blend (final)
Blend
$12.68M
Owner & transaction history
Silicon Valley Center Office L · 12 yrs held
Silicon Valley Center Office L
since 2013
6 recorded transactions
Zoning & alternative use
A(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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.68M
Range $11.41M – $13.94M · ±10%
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
$175 / 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
$291,631
Tax year 2024
Assessed value
$22,611,092
Assessed 2024
Previous assessed
$22,611,092
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$5,442,427
Assessed improvement
$17,168,665
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
For Lease
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
5
Units
1
Total area
72,496 SF
Lot
2.2 ac (96,035 SF)
Zoning code
A(PD)
APN
237-22-087
UPID
US09-2218201
Jurisdiction
SANTA CLARA
Zoning & alternative use
A(PD) · San Jose, CA
Zoning A(PD) · permitted uses
A(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
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
5
Units
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Silicon Valley Center Office L
Individual
Free & Clear · 12 yrs held
Mailing address
PO BOX 2450, NEWPORT BEACH, CA 92658-8972
Ownership since
2013
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
Sep 24, 2013
—
Silicon Valley Center Office L
Irvine Co LLC
Grant Deed
—
Jun 22, 2012
$120,000,000
Irvine Co LLC
Lba Realty Fund II-co II LLC
Grant Deed
—
Aug 30, 2005
—
Lba Realty Fund II-co II LLC
Catellus Operating
Grant Deed
$63,625,000 · Aig Annuity Insurance Co
Jul 20, 1999
—
Catellus Development Corp
—
Deed Of Trust
related
$27,000,000 · Cato Reit Co
—
—
Catellus Development Corp
—
Deed Of Trust
related
—
—
—
Silicon Valley Center Office L
—
Deed Of Trust
related
$72,480,000 · Bank Of America
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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