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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office buildings
3151 Olin Ave San Jose, CA 95117-1635
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-2392161
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
WOOD
Total area
2,051 SF
Lot
0.22 ac (9,400 SF)
Zoning code
OA
APN
303-39-002
UPID
US09-2392161
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
-
Century Chiropractic Center Alternative Medicine Practice
-
Nehawandian Bahar DC Alternative Medicine Practice
-
Samaritan Health Center Alternative Medicine Practice
-
Dorothy Ponton, DC Alternative Medicine Practice
-
Freshness Farms CSA Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
Ali Zahabi · 1 yrs held
Ali Zahabi
since 2025
7 recorded transactions
Zoning & alternative use
OA · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Retail stores
$980,000
+21.8%
Warehouse, storage
$940,000
+16.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$805,000
Current use
RETAIL STORES
$980,000
Change: +22% · Conversion: Moderate
WAREHOUSE, STORAGE
$940,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10%
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
$329 / 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
$9,722
Tax year 2024
Assessed value
$704,435
Assessed 2024
Previous assessed
$704,435
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$391,354
Assessed improvement
$313,081
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
2,051 SF
Lot
0.22 ac (9,400 SF)
Zoning code
OA
APN
303-39-002
UPID
US09-2392161
Jurisdiction
SANTA CLARA
Zoning & alternative use
OA · San Jose, CAZoning OA · permitted uses
OA · San Jose, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$805,000
RETAIL STORES
Est. value
$980,000
WAREHOUSE, STORAGE
Est. value
$940,000
OFFICE BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1955
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Ali Zahabi
Individual
Mailing address
3151 OLIN AVE, SAN JOSE, CA 95117-1635
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2025
—
Ali Zahabi
Ali Zahabi
Deed
related
—
Dec 24, 2019
—
Bahar Nehawandian
—
Deed
related
$300,000 · Jpmorgan Chase Bank NA
Oct 25, 2012
—
Ali Zahabi
Bahar Nehawandian
Intrafamily Transfer
related
$350,000 · Plaza Bank
Oct 5, 2009
—
Bahar Nehawandian
Nehawandian,abolghassem
Quit Claim Deed
related
—
Jun 7, 2002
—
Bahar Nehawandian
Zahabi,ali
Quit Claim Deed
related
$280,000 · United Commercial Bank
Jan 12, 1998
$450,000
Bahar Nehawandian
Ralph B Wehinger Trustee
Quit Claim Deed
related
$275,000 · Troxler & Associates INC
Jan 12, 1998
—
Abolghassem Nehawandian
Nehawandian,paridokht
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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