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    3150 Almaden Expy San Jose, CA 95118
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    Property profile & analytics

    3150 Almaden Expy, San Jose, CA 95118

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    • Office buildings
    • 63,117 SF
    • 3.77 lot acres
    For Lease
    $42 SF/Yr
    View Listing →
    Office Space with High Visibility For Lease
    $42 SF/Yr
    63,117 SF

    Office Space with High Visibility

    Office space in 63,117 SF building with abundant parking.

    3150 Almaden Expressway, San Jose, CA 95118
    View Listing
    Property ID
    US09-2425692
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Foot Doctors: Lee Victor DPM / Physician
    • Covered California Certified Agent / Insurance Agency
    • DAVID LAU, Real Estate Broker Associate / Real Estate Agency
    • Law Offices Knapp and Knapp / Law Firm
    • Stones Landscaping Inc. / Landscaping / General Contractor

    Property Details for 3150 Almaden Expy

    Year built
    1982
    Construction
    TILT-UP CONCRETE
    Lot size
    3.77 lot acres
    Zone code
    CP
    Property type
    Office buildings
    APN
    451-07-018
    APU
    45107018

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 14, 2018 — Wgi 48761 Kato Rd LLC — Deed · related $1M · California Bk/commerce
    Jun 30, 2015 $9,375,000 Wgi 48761 Kato Road LLC Sj Almaden II INC Grant Deed $6.1M · California Bk/commerce
    Dec 10, 2009 — Sj Almaden II INC Clay Street Capital INC Grant Deed $4.8M · California Bank Of Commerce
    May 30, 2007 — Wcp Wireless Lease Subsidiary — Deed Of Trust · related $85M · Bayerische Hypo-und Vereinsban
    May 9, 2007 — Wcp Wireless Lease Subsidiary — Deed Of Trust · related $85M · Bayerische Hypo-und Vereinsban
    Dec 29, 1997 $893,954 Honjo Capital INC Honjo (usa) Ltd Grant Deed · related —
    — — Wgi 48761 Kato Rd LLC — Loan Modification · related $1M · California Bk/commerce
    — — Clay Street Capital LLC — Deed Of Trust · related $2.5M · Sumitomo Mitsui Banking Corp
    — — Honjo USA Ltd — Deed Of Trust · related $3M · Wells Fargo Bank

    Description

    The Pioneer Financial Center, located at 3150 Almaden Expressway in San Jose, California (zip code 95118), offers exceptional executive office suites for lease. This two-story building boasts a total of 63,117 square feet, with a minimum divisible space of 385 square feet and a maximum contiguous space of 2,420 square feet. Currently, 11,998 square feet are available. The building features a prime location with high street visibility and monument signage opportunities. Amenities include abundant parking and Comcast high-speed internet and phone service availability. Several configurations are available, from corner offices at the main lobby to suites with private offices and open areas, plus kitchenettes. Flexible lease terms are offered at competitive pricing. For the first year of a minimum two-year lease, the average rate is $2.38 per square foot per month. The second year's average rate is $2.94 per square foot per month. The building is managed and owned locally, ensuring responsive service and potential expansion opportunities within the building. This is an excellent opportunity for businesses seeking a prominent and well-equipped office space in the heart of San Jose.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,219,000
      Market price range: $16.2M - $40.4M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $23,115,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.878
    Latitude
    37.2764
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $124,376
    $8,483,649
    $2,562,766
    $11,046,415
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,970,000
      8,332 SF

      4990 Speak Ln

      OFFICE BUILDING
      4990 Speak Ln, San Jose, CA 95118-4004
      View Details
    • Value Estimation
      $6,915,000
      29,740 SF

      3180 Newberry Dr

      OFFICE BUILDING
      3180 Newberry Dr, San Jose, CA 95118-1564
      View Details
    • Value Estimation by Request
      0.87 Acres

      San Jose, CA 95118

      OFFICE BUILDING
      San Jose, CA 95118
      View Details
    • Value Estimation
      $2,495,000
      4,144 SF

      1150 Hillsdale Ave

      OFFICE BUILDING
      1150 Hillsdale Ave, San Jose, CA 95118-1259
      View Details
    • Value Estimation
      $2,500,000
      6,615 SF

      1399 Foxworthy Ave

      OFFICE BUILDING
      1399 Foxworthy Ave, San Jose, CA 95118-1205
      View Details
    • Value Estimation
      $2,240,000
      9,916 SF

      4980 Cherry Ave

      OFFICE BUILDING
      4980 Cherry Ave, San Jose, CA 95118-2748
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      San Jose Commercial Building Opportunity

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    • $1,599,000

      Four-Unit Residential Income Property

      Four-unit residential income property in San Jose, suitable for buyers seeking a multi-family rental structure.
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    Similar Nearby for Lease

    • Contact for pricing

      Office Space with High Visibility

      Office space in 63,117 SF building with abundant parking.
      3150 Almaden Expy, San Jose, CA 95118
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Move-in ready office sublease in South San Jose.
      6155 Almaden Expy, San Jose, CA 95118
      View Details
    • Contact for pricing
      11,980 SF

      San Jose Office Space Available

      Office space for rent with expressway access in San Jose.
      3180 Newberry Dr, San Jose, CA 95118
      View Details
    • Contact for pricing
      1,762 SF

      Retail Space in Willow Glen

      Retail spaces available in prime Willow Glen neighborhood shopping center.
      1429 Foxworthy Ave, San Jose, CA 95118
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in High-Visibility Center

      Former feed and pet supply space in a busy retail center.
      1103-1125 Branham Ln, San Jose, CA 95118
      View Details
    • Contact for pricing
      3,023 SF

      San Jose Retail Space Available

      Retail space with dedicated parking in a high-traffic San Jose area.
      1395 Stanwood Dr, San Jose, CA 95118
      View Details
    View Listing
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    San Jose, CA 95118
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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