Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3152 Story Rd San Jose, CA 95127-3815

    • Office buildings
    • 1,450 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0014308
    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.

    Current Use by Public Records

    • New Bay Realty & Income Tax / Real Estate Agency
    • Ponciano Alvarez, New Bay Realty / Real Estate Agency

    Property Details for 3152 Story Rd

    Year built
    1960
    Lot size
    0.12 lot acres
    Property size
    1,450 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    647-02-042
    APU
    64702042

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $570,000
      Current use
      RETAIL STORES
      $695,000
      Change: +22% Conversion: Moderate
      WAREHOUSE, STORAGE
      $665,000
      Change: +17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.817
    Latitude
    37.357
    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
    $10,565
    $253,561
    $499,057
    $752,618
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,655,000
      7,250 SF

      1450 White Rd

      OFFICE BUILDING • 7,250 SF
      1450 White Rd, San Jose, CA 95127-4798
      View Details
    • Value Estimation
      $620,000
      2,088 SF

      2745 Story Rd

      OFFICE BUILDING • 2,088 SF
      2745 Story Rd, San Jose, CA 95127-3921
      View Details
    • Value Estimation by Request
      946 SF

      3118 Story Rd

      OFFICE BUILDING • 946 SF
      3118 Story Rd, San Jose, CA 95127-3815
      View Details
    • Value Estimation
      $2,055,000
      9,123 SF

      3745 Madeline Dr

      OFFICE BUILDING • 9,123 SF
      3745 Madeline Dr, San Jose, CA 95127-2101
      View Details
    • Value Estimation
      $1,105,000
      1,968 SF

      80 White Rd

      OFFICE BUILDING • 1,968 SF
      80 White Rd, San Jose, CA 95127-2944
      View Details
    • Value Estimation by Request
      1,206 SF

      3136 Story Rd

      OFFICE BUILDING • 1,206 SF
      3136 Story Rd, San Jose, CA 95127-3822
      View Details

    Similar Nearby for Sale

    • $2,220,000

      Prime Lot Near Alum Rock

      0.48-acre lot near schools and freeways, suitable for development.
      3098 Florence Ave, San Jose, CA 95127
      View Details
    • $290,000

      Land Available in San Jose

      Land for sale in San Jose, California.
      33 S Capitol Ave, San Jose, CA 95127
      View Details
    • $11,800,000
      28,256 SF

      Country Club Gardens Apartments

      Turnkey multifamily investment property in Silicon Valley with significant upgrades.
      256 La Pala Dr, San Jose, CA 95127
      View Details
    • $3,495,000
      6,572 SF

      San Jose Multifamily Investment Opportunity

      Value-add 8-unit apartment building in high-demand San Jose rental area.
      White Rd, San Jose, CA 95127
      View Details
    • $2,220,000

      Florence Avenue Church/Development Opportunity

      0.48-acre lot near schools and freeways. Development potential.
      3098 Florence Ave, San Jose, CA 95127
      View Details
    • $2,220,000
      1,440 SF

      Prime Lot Near Alum Rock

      Spacious lot near schools and freeways, ideal for investment.
      3098 Florence Ave, San Jose, CA 95127
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,794 SF

      East San Jose Retail/Office Space

      Multi-tenant retail and office space in East San Jose.
      255 N White Rd, San Jose, CA 95127
      View Details
    • Contact for pricing
      1,532 SF

      Medical Office Building For Rent

      Free-standing medical office building with 14 rooms and parking.
      242 La Pala Dr, San Jose, CA 95127
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space on McKee Road

      Retail space available for lease in San Jose, CA.
      3091-3095 Mckee Rd, San Jose, CA 95127
      View Details
    • Contact for pricing
      2,000 SF

      Freestanding Retail Building For Rent

      Rare retail building with roll-up door and dedicated parking.
      1020-1080 White Rd, San Jose, CA 95127
      View Details
    • Contact for pricing
      3,791 SF

      Retail Space in San Jose

      Retail space available in a densely populated residential area.
      3046-3094 Story Rd, San Jose, CA 95127
      View Details
    • Contact for pricing
      5,220 SF

      Retail Space on McKee Road

      Retail space available for lease in San Jose, CA.
      3463-3491 Mckee Rd, San Jose, CA 95127
      View Details

    Property Visit Statistics

    • Visits by month
      21.9k
    • Visitors by month
      17.8k
    • Avg Time on site
      23 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3152 Story Rd
    San Jose, CA 95127-3815
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!