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

    3180 Newberry Dr San Jose, CA 95118-1564

    • Office buildings
    • 29,740 SF
    • 1.54 lot acres
    OFF-MARKET
    Value Estimations
    $6,915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2102965
    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

    • FedEx Drop Box / Postal Service / Courier Service
    • The Health Trust / Association / Organization
    • Onsite Dental Care Foundation / Dental Office
    • Destination: Home / Charitable Organization / Social Service Agency
    • Financial Administrative Support Services / Accounting Firm / Tax Preparation

    Property Details for 3180 Newberry Dr

    Year built
    1983
    Construction
    TILT-UP CONCRETE
    Lot size
    1.54 lot acres
    Property size
    29,740 SF
    Zone code
    CP
    Property type
    Office buildings
    APN
    451-09-068
    APU
    45109068

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,642,000
      Market price range: $7.64M - $19.0M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $10,890,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.88
    Latitude
    37.2732
    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
    $11,561
    $2,837,111
    $3,469,751
    $6,306,862
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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

      4990 Speak Ln

      OFFICE BUILDING • 8,332 SF
      4990 Speak Ln, San Jose, CA 95118-4004
      View Details
    • Value Estimation by Request
      0.87 Acres

      San Jose, CA 95118

      OFFICE BUILDING • 0.87 Acres
      San Jose, CA 95118
      View Details
    • Value Estimation
      $2,495,000
      4,144 SF

      1150 Hillsdale Ave

      OFFICE BUILDING • 4,144 SF
      1150 Hillsdale Ave, San Jose, CA 95118-1259
      View Details
    • Value Estimation
      $14,385,000
      63,117 SF

      3150 Almaden Expy

      OFFICE BUILDING • 63,117 SF
      3150 Almaden Expy, San Jose, CA 95118-1200
      View Details
    • Value Estimation
      $2,500,000
      6,615 SF

      1399 Foxworthy Ave

      OFFICE BUILDING • 6,615 SF
      1399 Foxworthy Ave, San Jose, CA 95118-1205
      View Details
    • Value Estimation
      $2,240,000
      9,916 SF

      4980 Cherry Ave

      OFFICE BUILDING • 9,916 SF
      4980 Cherry Ave, San Jose, CA 95118-2748
      View Details

    Similar Nearby for Sale

    • $3,100,000

      San Jose Commercial Building Opportunity

      Commercial building for sale in San Jose with parking.
      3162 Newberry Dr, San Jose, CA 95118
      View Details
    • $12,000,000
      63,117 SF

      South San Jose Executive Office Building

      Prime San Jose Office, $12M Asking
      3150 Almaden Expy, San Jose, CA 95118
      View Details
    • $3,200,000

      High-Traffic Commercial Property For Sale

      Commercial property with high visibility and large parking area.
      1125 Luchessi Dr, San Jose, CA 95118
      View Details
    • $1,650,000

      San Jose Specialty Property

      Specialty property available for sale in San Jose, California.
      5454/5456 Russo Dr, San Jose, CA 95118
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      63,117 SF

      San Jose Executive Office Suites

      Prestigious San Jose office space available.
      3150 Almaden Expy, San Jose, CA 95118
      View Details
    • Contact for pricing
      7,120 SF

      San Jose Creative Office Space

      4,000 SF Available, Prime Location
      1084 Foxworthy Ave, San Jose, CA 95118
      View Details
    • Contact for pricing
      1,762 SF

      Retail Space in San Jose

      Retail space available in shopping center anchored by Zanotto’s.
      1405-1435 Foxworthy Ave, San Jose, CA 95118
      View Details
    • Contact for pricing
      2,660 SF

      San Jose Retail Space Available

      Retail space available for lease in San Jose, CA.
      1112-1130 Branham Ln, San Jose, CA 95118
      View Details
    • $70 SF/Yr
      2,662 SF

      Retail Space Near Highway 85

      Retail space in established San Jose trade area.
      5130 Cherry Ave, San Jose, CA 95118
      View Details
    • Contact for pricing
      5,000 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
    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.
    3180 Newberry Dr
    San Jose, CA 95118-1564
    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!