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Property profile & analytics
OFF-MARKET
Estimated value
$6,100,000
Retail space
2847 White Rd San Jose, CA 95148-2942
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1129291
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Total area
18,000 SF
Lot
0.39 ac (17,135 SF)
Zoning code
CP
APN
673-07-037
UPID
US09-1129291
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
-
Evergreen Dentists (San Jose): Dr. Jacqueline B. Nguyen, DDS, APC Dental Office
-
JEI Learning Center Tutoring Service
-
Tattoo Nerds Tattoo & Piercing Shop
-
Crystal Brow Expert Medical Clinic Skin Care Clinic
-
O'Reilly Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.10M
CAP Approach
CAP
$7.48M
Comparable Approach
Comparable
$8.50M
Blend (final)
Blend
$6.10M
Owner & transaction history
Chieu Le Van · 2 yrs held
Chieu Le Van
since 2024
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
CP · 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
$6,100,000
ML approach
$6,100,000
CAP Approach
CAP Return
Estimation
6%
$8,105,000
6.5%
$7,480,000
7%
$6,945,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,610,000
Current use
WAREHOUSE, STORAGE
$8,235,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$7,070,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$6.10M
Range $5.49M – $6.71M · ±10% · vs last sale $6.10M (May 13 2024)
Last sale anchor
$6.10M
May 13 2024
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
$339 / 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
$85,041
Tax year 2024
Assessed value
$6,389,727
Assessed 2024
Previous assessed
$6,389,727
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$753,416
Assessed improvement
$5,636,311
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 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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Heating
NONE
Stories
2
Units
10
Total area
18,000 SF
Lot
0.39 ac (17,135 SF)
Zoning code
CP
APN
673-07-037
UPID
US09-1129291
Jurisdiction
SANTA CLARA
Zoning & alternative use
CP · San Jose, CA
Zoning CP · permitted uses
CP · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.6M
WAREHOUSE, STORAGE
Est. value
$8.2M
OFFICE BUILDING
Est. value
$7.1M
RETAIL STORES Current
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Stories
2
Units
10
Lot
0.39 ac
Current owner
From public records · entity-resolved
Chieu Le Van
Individual
Mailing address
2679 CALICO CT STE A, MORGAN HILL, CA 95037-7611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
May 13, 2024
—
Chieu Le Van
Yen Ngoc Quach
Intrafamily Transfer
related
—
Jan 2, 2019
—
2001 Ba Van Le Family Trust
Golden Bay Investment Ltd
Quit Claim Deed
—
May 16, 2001
—
Golden Bay Investment Ltd
—
Trustees Deed
related
$2,250,000 · United National Bank
May 3, 2000
$6,100,000
Golden Bay Investment Ltd
Chen,jenifer C
Trustees Deed
$811,576 · Lee Brothers Foodservice INC
May 3, 2000
—
Jason C Chen
Chen,karen
Quit Claim Deed
related
—
Dec 20, 1996
—
Jennifer C Chen
—
Deed Of Trust
related
$2,800,000 · Century Bank
Jun 30, 1994
—
Youssef R Atteya
Atteya,shereen Y
Quit Claim Deed
related
—
—
—
Golden Bay Investment Ltd
—
Deed Of Trust
related
$5,460,000 · East West Bank
—
—
Golden Bay Investment Ltd
—
Deed Of Trust
related
$5,460,000 · East West Bank
—
—
Golden Bay Investment Ltd
—
Deed Of Trust
related
$6,400,000 · United National Bank
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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