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Property profile & analytics
FOR LEASE
Office buildings
3275 Stevens Creek Blvd San Jose, CA 95050
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0266575
For Lease
1 / 2
Contact for pricing
3275 Stevens Creek Blvd, San Jose, CA 95050
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Construction
TILT-UP CONCRETE
Total area
17,861 SF
Lot
0.62 ac (26,940 SF)
Zoning code
CT
APN
303-18-022
UPID
US09-0266575
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
-
PRNDL LLC Car Dealership
-
Inspec Auto Car Dealership
-
Mr Auto Dealer llc Car Dealership
-
Pacific Homeopathy Physician
-
Unique International market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.74M
Blend (final)
Blend
$4.30M
Owner & transaction history
Pajaro Wall Street Inn LLC · 17 yrs held
Pajaro Wall Street Inn LLC
since 2008
7 recorded transactions
Zoning & alternative use
CT · San Jose, CA
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
$7,015,000
Current use
Blend value · Realmo final
$4.30M
Range $3.87M – $4.73M · ±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
$241 / 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
$45,397
Tax year 2024
Assessed value
$3,787,533
Assessed 2024
Previous assessed
$3,787,533
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,007,392
Assessed improvement
$1,780,141
Applied tax rate
7.0000
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
For Lease
Year built
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
3
Units
26
Bathrooms
3
Total area
17,861 SF
Lot
0.62 ac (26,940 SF)
Zoning code
CT
APN
303-18-022
UPID
US09-0266575
Jurisdiction
SANTA CLARA
Zoning & alternative use
CT · San Jose, CAZoning CT · permitted uses
CT · 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
$7.0M
OFFICE BUILDING Current
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
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Units
26
Bathrooms
3
Lot
0.62 ac
Current owner
From public records · entity-resolved
Pajaro Wall Street Inn LLC
Entity
Mailing address
30 W BCH ST APT #105, WATSONVILLE, CA 95076-4588
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
—
Pajaro Wall Street Inn LLC
—
Deed
related
$9,145,500 · Heritage Bank Of Commerce
Dec 28, 2017
—
Pajaro Wall Street Inn Lcc
—
Deed
related
$2,500,000 · Lighthouse Bank
Jun 27, 2017
—
Pajaro Wall Street Inn LLC
—
Deed
related
$400,000 · Private Individual
Aug 29, 2008
—
Pajaro Wall Street Inn LLC
Novin,abdol H
Grant Deed
—
Jan 23, 2007
$3,085,000
Abdol Novin
Sik Kim Yung
Grant Deed
$2,095,000 · Coast Commercial Bank
Jan 23, 2007
—
Abdol Novin
Novin,zohreh A
Quit Claim Deed
related
—
Jul 27, 2006
—
Kim 2006 Family Trust
Kim,yung S & Young
Quit Claim Deed
related
—
Nov 21, 1990
—
William Kinney
Vanhorn,c.&m.
Grant Deed
related
—
Aug 13, 1990
$810,000
Yung Kim
Equity Preservat
Grant Deed
$800,000 · Sumitomo Bank
—
—
Yung S Kim
—
Deed Of Trust
related
$1,100,000 · Novato Community Bank
—
—
Pajaro Wall Street Inn LLC
—
Deed Of Trust
related
$650,000 · Private Lender
—
—
Pajaro Wall Street Inn LLC
—
Deed Of Trust
related
$400,000 · Private Individual
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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