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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Office buildings
341 Piercy Rd San Jose, CA 95138-1403
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2996204
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
3,136 SF
Lot
0.22 ac (9,642 SF)
Zoning code
A1-1
APN
678-16-048
UPID
US10-2996204
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
-
Miracle Plus General Contractor
-
Miracle Maintenance Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
$1.81M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.55M
Owner & transaction history
Crabapple Investments LLC · 2 yrs held
Crabapple Investments LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
A1-1 · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+21.8%
Warehouse, storage
$1.4M
+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
$1,550,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
$1,960,000
6.5%
$1,810,000
7%
$1,680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,230,000
Current use
RETAIL STORES
$1,500,000
Change: +22% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,435,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.55M (Feb 2 2024)
Last sale anchor
$1.55M
Feb 2 2024
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
$494 / 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
$16,340
Tax year 2024
Assessed value
$887,502
Assessed 2024
Previous assessed
$887,502
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$392,549
Assessed improvement
$494,953
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 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
2005
Heating
NONE
Stories
1
Total area
3,136 SF
Lot
0.22 ac (9,642 SF)
Zoning code
A1-1
APN
678-16-048
UPID
US10-2996204
Jurisdiction
SANTA CLARA
Zoning & alternative use
A1-1 · San Jose, CA
Zoning A1-1 · permitted uses
A1-1 · San Jose, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Jose. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
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
2005
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Crabapple Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1645 ERIC LN, GILROY, CA 95020-8953
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 6, 2024
—
Crabapple Investments LLC
—
Deed
related
$600,000 · First Citizens Bank & Trust Co
Feb 2, 2024
$1,550,000
Crabapple Investments LLC
Ochoa Management Group LLC
Grant Deed
—
Apr 12, 2021
—
Ochoa Management Group LLC
—
Deed
related
$500,000 · Bank Of The West
Nov 9, 2016
$780,000
Ochoa Mgmt Group LLC
Hoang,dalena T
Grant Deed
$530,000 · Avidbank
May 31, 2013
$634,750
Dalena T Hoang
Seabird Properties LLC
Grant Deed
$317,500 · Plaza Bank
Dec 12, 2005
—
Seabird Properties LLC
—
Trustees Deed
related
$150,319 · Wells Fargo Bank
Nov 9, 2005
—
Seabird Properties LLC
Lb/vcc South San Jose LLC
Grant Deed
$468,431 · Wells Fargo Bank NA
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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