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Property profile & analytics
OFF-MARKET
Estimated value
$44,560,000
Retail space
302 Market St San Jose, CA 95113-2817
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3000793
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1926
Total area
123,505 SF
Lot
0.57 ac (24,825 SF)
Zoning code
DC
APN
264-29-107
UPID
US10-3000793
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
-
San Jose Behavioral Health EHR Software Supplier Corporate Office
-
Rubio's Restaurant
-
The Westin San Jose Hotel & Motel
-
Il Fornaio Restaurant
-
SCCTLA Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$51.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$44.56M
Owner & transaction history
Khanna Enterprises V Limited Partne · 4 yrs held
Khanna Enterprises V Limited Partne
since 2022
Last sale
$44.9M
7 recorded transactions
Zoning & alternative use
DC · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$56.5M
+27.6%
Apartment house (5+ units)
$45.2M
+2.1%
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
$37,120,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$55,600,000
6.5%
$51,325,000
7%
$47,660,000
Alternative Use
Use
Estimation
RETAIL STORES
$44,285,000
Current use
WAREHOUSE, STORAGE
$56,515,000
Change: +28% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$45,230,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$36,470,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$44.56M
Range $40.10M – $49.02M · ±10% · vs last sale $44.90M (Jan 20 2022)
Last sale anchor
$44.90M
Jan 20 2022
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
$361 / 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
$626,889
Tax year 2024
Assessed value
$49,394,908
Assessed 2024
Previous assessed
$49,394,908
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$5,294,595
Assessed improvement
$44,100,313
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1926
Heating
NONE
Stories
6
Units
171
Total area
123,505 SF
Lot
0.57 ac (24,825 SF)
Zoning code
DC
APN
264-29-107
UPID
US10-3000793
Jurisdiction
SANTA CLARA
Zoning & alternative use
DC · San Jose, CA
Zoning DC · permitted uses
DC · 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
$44.3M
WAREHOUSE, STORAGE
Est. value
$56.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$45.2M
INDUSTRIAL (GENERAL)
Est. value
$36.5M
RETAIL STORES Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1926
Heating
NONE
Stories
6
Units
171
Lot
0.57 ac
Current owner
From public records · entity-resolved
Khanna Enterprises V Limited Partne
Entity
Mailing address
220 MONTGOMERY ST STE #1614, SAN FRANCISCO, CA 94104-3539
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2022
$44,900,000
Khanna Enterprises V Limited Partne
Aju Hotel Stlicon Valley LLC
Grant Deed
$38,000,000 · Hanmi Bank
Jun 15, 2017
$64,000,000
Aju Hotel Silicon Valley LLC
Sch Hotel LLC
Grant Deed
$44,800,000 · Hanmi Bank
Jul 15, 2015
$1,142,000
Sch Hotel LLC
Sch Partners LLC
Grant Deed
$30,000,000 · Bank Of America NA
Dec 29, 2011
$11,226,500
Sch Partners LLC
Sainte Claire Hotel LLC
Grant Deed
$5,000,000 · Wolff Hotel Value Fund LP
Jun 21, 2005
—
Sainte Claire Hotel LLC
Hotel Sainte Claire Ptrs
Quit Claim Deed
—
Jul 12, 1996
—
Hotel Sainte Claire Partners
Redevelopment Agency
Grant Deed
$10,000,000 · General Electric Capital Corp
Dec 20, 1991
—
Hotel Sainte Cla
Redevelopment Ag
Quit Claim Deed
related
—
Aug 30, 1991
—
Hotel Sainte Cla
Bank Of Californ
Grant Deed
$6,500,000 · Bank Of California
—
—
Sch Partners LLC
—
Deed Of Trust
related
$11,000,000 · Fremont Bank
—
—
Sainte Hotel LLC
—
Deed Of Trust
related
$8,000,000 · Fremont Bank
—
—
Sainte Claire Hotel LLC
—
Deed Of Trust
related
$14,000,000 · Fremont 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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