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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Apartment buildings
3035 Magliocco Dr San Jose, CA 95128-3075
Individually Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2990807
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Construction
WOOD
Total area
9,372 SF
Lot
0.32 ac (14,000 SF)
Zoning code
RM
APN
279-07-036
UPID
US10-2990807
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Paaras Mehta · 15 yrs held
Paaras Mehta
since 2011
7 recorded transactions
Zoning & alternative use
RM · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$200 / 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
$34,438
Tax year 2024
Assessed value
$2,371,414
Assessed 2024
Previous assessed
$2,371,414
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$937,845
Assessed improvement
$1,433,569
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
12
Total area
9,372 SF
Lot
0.32 ac (14,000 SF)
Zoning code
RM
APN
279-07-036
UPID
US10-2990807
Jurisdiction
SANTA CLARA
Zoning & alternative use
RM · San Jose, CA
Zoning RM · permitted uses
RM · 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
1958
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
12
Lot
0.32 ac
Current owner
From public records · entity-resolved
Paaras Mehta
Individual
Mailing address
272 SANTA MARGARITA AVE, MENLO PARK, CA 94025-2727
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2018
—
Parag Mehta
—
Deed
related
$1,500,000 · Jp Morgan Chase Bk
Feb 22, 2011
—
Paaras Mehta
Mehta,archna
Quit Claim Deed
related
$1,030,000 · Jpmorgan Chase Bank NA
Jul 1, 2005
—
Parag Mehta
Joseph A Conetto JR
Grant Deed
$1,000,000 · Technology Cu
May 16, 2002
$2,000,000
Conetto Trust
Rau Trust
Grant Deed
$1,100,000 · Washington Mutual Fsb
Apr 27, 1998
—
Rau Trust
Rau,babu K & Vijaya
Quit Claim Deed
related
—
Jul 26, 1991
$850,000
Babu Rau
Prufer,e.&f.
Grant Deed
$568,000 · Bay View Federal Bank
—
—
Babu K Rau
—
Deed Of Trust
related
$570,000 · NA Mortgage Services INC
—
—
Parag Mehta
—
Deed Of Trust
related
$1,500,000 · Jp Morgan Chase Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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