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Property profile & analytics
OFF-MARKET
Estimated value
$3,575,000
Retail space
2880 Alum Rock Ave, San Jose, CA 95127-2804
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2332731
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Construction
TILT-UP CONCRETE
Total area
8,202 SF
Lot
1.32 ac (57,440 SF)
Zoning code
CZ
APN
484-20-040
UPID
US09-2332731
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
-
Wells Fargo ATM Atm
-
Cooley Brothers Electricians Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.58M
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.58M
Owner & transaction history
2880 Alum Rock Ground Owner LP · 1 yrs held
2880 Alum Rock Ground Owner LP
since 2024
Last sale
$3.6M
4 recorded transactions
Zoning & alternative use
CZ · 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
$3,575,000
ML approach
$3,575,000
CAP Approach
CAP Return
Estimation
6%
$3,690,000
6.5%
$3,410,000
7%
$3,165,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,925,000
Current use
WAREHOUSE, STORAGE
$3,755,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$3,220,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$3.58M
Range $3.22M – $3.93M · ±10% · vs last sale $3.58M (Jul 11 2024)
Last sale anchor
$3.58M
Jul 11 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
$436 / 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
$50,015
Tax year 2024
Assessed value
$3,719,430
Assessed 2024
Previous assessed
$3,719,430
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$3,651,804
Assessed improvement
$67,626
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
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
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
8,202 SF
Lot
1.32 ac (57,440 SF)
Zoning code
CZ
APN
484-20-040
UPID
US09-2332731
Jurisdiction
SANTA CLARA
Zoning & alternative use
CZ · San Jose, CA
Zoning CZ · permitted uses
CZ · 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
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.2M
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
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
2880 Alum Rock Ground Owner LP
Entity
Mailing address
1114 E AVE OF THE AMERICAS ST STE #100, NEW YORK, NY 10036-7703
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2024
—
San Jose 2880 Alum Rock Associates
—
Deed
related
$19,750,000 · California Municipal Finance Authority
Jul 11, 2024
$3,575,000
2880 Alum Rock Ground Owner LP
Pacific West Communities INC
Grant Deed
$62,750,000 · California Municipal Finance Authority
Apr 1, 2022
$3,575,000
Pacific West Communities INC
Cornelius P Callahan
Grant Deed
—
Jun 12, 1998
—
Cornelius P Callahan
Wells Fargo Bank
Grant Deed
$525,000 · Wells Fargo 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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