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    2591 Bascom Ave San Jose, CA 95124

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    2591 Bascom Ave San Jose, CA 95124

    View on Map
    • Retail space
    • 9,655 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US09-1273325
    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.
    Value Estimations
    $2,110,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lucy's Wash & Fold Laundromat / (Bike/Boat/Book/etc) Store

    Property Details for 2591 Bascom Ave

    Year built
    1979
    Construction
    TILT-UP CONCRETE
    Lot size
    1.00 lot acres
    Property size
    9,655 SF
    Zone code
    C1H
    Property type
    Retail space
    APN
    412-24-013
    APU
    41224013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.934
    Latitude
    37.2756
    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
    $36,005
    $856,319
    $1,625,932
    $2,482,251
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.75 Acres

      Parking Lot Ave Ave Lot Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.75 Acres
      Parking Lot Ave Ave Lot Ave, San Jose, CA 95124
      View Details
    • Value Estimation by Request
      2.03 Acres

      2624 Bascom Ave

      RETAIL STORES (PERSONAL SERVICES) • 2.03 Acres
      2624 Bascom Ave, San Jose, CA 95124-1447
      View Details
    • Value Estimation
      $3,275,000
      10,822 SF

      1920 Camden Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,822 SF
      1920 Camden Ave, San Jose, CA 95124-2946
      View Details
    • Value Estimation
      $4,455,000
      23,477 SF

      1890 Camden Ave

      RETAIL STORES (PERSONAL SERVICES) • 23,477 SF
      1890 Camden Ave, San Jose, CA 95124
      View Details
    • Value Estimation by Request
      1,210 SF

      3966 Bascom Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,210 SF
      3966 Bascom Ave, San Jose, CA 95124-2663
      View Details
    • Value Estimation
      $690,000
      1,800 SF

      1852 Camden Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      1852 Camden Ave, San Jose, CA 95124-2943
      View Details

    Similar Nearby for Sale

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      7,810 SF

      San Jose Retail Space Available

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      San Jose Retail Opportunity

      Retail properties available for sale in San Jose, California.
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      1,433 SF

      Freestanding Office Building For Sale

      Freestanding office building featuring four offices, kitchen, and shower.
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    • $1,799,000

      Cambrian Care Home Opportunity

      Residential care home with accommodations for multiple residents in Cambrian.
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    • $1,499,950
      1,660 SF

      San Jose Duplex Investment Opportunity

      Tenant-occupied duplex in prime San Jose location near amenities.
      2915 Ross Ave, San Jose, CA 95124
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    Similar Nearby for Lease

    • $3 SF/Yr
      1,548 SF

      Retail Space in San Jose

      Inline retail space available in neighborhood grocery center.
      2011-2023 Camden Ave, San Jose, CA 95124
      View Details
    • Contact for pricing
      1,726 SF

      Retail Center Near Cambrian Park

      Retail space in high-traffic San Jose location near future development.
      2051 Woodard Rd, San Jose, CA 95124
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 690 to 2,788 SqFt.
      Avenues Northwest Cor Of Camden And Un, San Jose, CA 95124
      View Details
    • $3 SF/Yr
      1,902 SF

      Neighborhood Retail Center with Eateries

      Retail spaces in a neighborhood center with quality eateries.
      2029-2035 Camden Ave, San Jose, CA 95124
      View Details
    • Contact for pricing
      1,442 SF

      Retail Space in San Jose

      Retail space with major tenants and great parking.
      4550-4650 Meridian Ave, San Jose, CA 95124
      View Details
    • $3 SF/Yr

      Retail Space Near Camden Avenue

      Retail spaces available in Camden Park Shopping Center.
      Camden Ave At Un Ave, San Jose, CA 95124
      View Details
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    2591 Bascom Ave
    San Jose, CA 95124
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    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
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