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Property profile & analytics
OFF-MARKET
Estimated value
$4,465,000
Strip malls
2668 Monterey Hwy San Jose, CA 95111-3046
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-1795818
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2010
Construction
CONCRETE
Total area
7,500 SF
Lot
0.67 ac (29,229 SF)
Zoning code
ML
APN
497-38-023
UPID
US09-1795818
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
$4.28M
CAP Approach
CAP
$3.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.47M
Owner & transaction history
Kbs Partners · 2 yrs held
Kbs Partners
since 2023
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
ML · 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
$4,235,000
ML approach
$4,280,000
CAP Approach
CAP Return
Estimation
6%
$3,620,000
6.5%
$3,340,000
7%
$3,100,000
Blend value · Realmo final
$4.47M
Range $4.02M – $4.91M · ±10% · vs last sale $4.68M (Nov 1 2023)
Last sale anchor
$4.68M
Nov 1 2023
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
$595 / 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
$92,452
Tax year 2024
Assessed value
$4,675,000
Assessed 2024
Previous assessed
$4,675,000
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$2,338,000
Assessed improvement
$2,337,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2010
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
7,500 SF
Lot
0.67 ac (29,229 SF)
Zoning code
ML
APN
497-38-023
UPID
US09-1795818
Jurisdiction
SANTA CLARA
Zoning & alternative use
ML · San Jose, CA
Zoning ML · permitted uses
ML · 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
2010
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Kbs Partners
Entity
Mailing address
PO BOX 320426, LOS GATOS, CA 95032-0107
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$4,675,000
Kbs Partners
Sunlight Realty LLC
Grant Deed
—
Dec 10, 2021
$4,620,000
Sunlight Realty LLC
Rolla Umbarger LLC
Grant Deed
—
Nov 19, 2021
—
Caputo Umbarger LLC
Daniel J Caputo JR
Correction Deed
related
—
Jun 8, 2020
—
Caputo,daniel J JR Survi Trust
D & D Il Family LP
Quit Claim Deed
$1,450,000 · Miscellaneous Ins Co
Nov 30, 2017
—
Cr Umbarger LLC
—
Deed
related
$1,450,000 · Miscellaneous Ins Co
Jan 21, 2009
—
Cr Umbarger LLC
—
Trustees Deed
related
$6,400,000 · City National Bank
Dec 12, 2008
—
Cr Umbarger LLC
D & D II Family
Grant Deed
—
Feb 15, 2006
—
Genevieve C Rolla
Rolla 1975 Trust
Quit Claim Deed
related
—
Jan 27, 2006
—
Caputo Minnie J Family Trust
Caputo,dan J
Affidavit Of Death
related
—
Sep 28, 1993
—
Daniel&dorothy,caputo Trust
Caputo,daniel J
Quit Claim Deed
related
—
—
—
Caputo Umbarger LLC
—
Loan Modification
$1,450,000 · Miscellaneous Ins Co
—
—
Cr Umbarger LLC
—
Loan Modification
related
$1,450,000 · Miscellaneous Ins Co
—
—
Cr Umbarger LLC
—
Deed Of Trust
related
$1,450,000 · Miscellaneous Ins Co
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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