Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3473 1st St San Jose, CA 95134-2152

    • Apartment buildings
    • 257,196 SF
    • 3.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5115413
    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

    • River View Apartments, Building 2 / Apartment Complex
    • Sally’s beauty / Cosmetic Store
    • Riverview Bldg 5 / Apartment Building
    • ITG SAUDI / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 3473 1st St

    Year built
    2015
    Construction
    WOOD
    Lot size
    3.50 lot acres
    Property size
    257,196 SF
    Zone code
    A(PD)
    Property type
    Apartment buildings
    APN
    097-06-067
    APU
    9706067

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $75,955,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.941
    Latitude
    37.4031
    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
    $2,053,376
    $20,325,775
    $142,512,069
    $162,837,844
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.47 Acres

      3500 Palmilla Dr

      APARTMENT HOUSE (5+ UNITS) • 0.47 Acres
      3500 Palmilla Dr, San Jose, CA 95134-2236
      View Details
    • Value Estimation
      $1,210,000
      5,036 SF

      350 Elan Vlg Ln

      APARTMENT HOUSE (5+ UNITS) • 5,036 SF
      350 Elan Vlg Ln, San Jose, CA 95134-2520
      View Details
    • Value Estimation
      $15,725,000
      113,556 SF

      330 Elan Vlg Ln

      APARTMENT HOUSE (5+ UNITS) • 113,556 SF
      330 Elan Vlg Ln, San Jose, CA 95134-2550
      View Details
    • Value Estimation
      $1,195,000
      300,964 SF

      640 Epic Way

      APARTMENT HOUSE (5+ UNITS) • 300,964 SF
      640 Epic Way, San Jose, CA 95134-2786
      View Details
    • Value Estimation
      $1,555,000
      310,021 SF

      320 Cres Vlg Cir

      APARTMENT HOUSE (5+ UNITS) • 310,021 SF
      320 Cres Vlg Cir, San Jose, CA 95134-3047
      View Details
    • Value Estimation
      $38,200,000
      223,560 SF

      4301 Renaissance Dr

      APARTMENT HOUSE (5+ UNITS) • 223,560 SF
      4301 Renaissance Dr, San Jose, CA 95134-1505
      View Details

    Similar Nearby for Sale

    • $250,000

      Remodeled Mobile Home in San Jose

      Move-in ready, 2 bed, 2 bath mobile home in San Jose.
      824 Spindrift Ave, San Jose, CA 95134
      View Details
    • Contact for pricing
      96,154 SF

      San Jose Office Building For Sale

      96,154 SF office building in San Jose, California.
      90 E Tasman Dr, San Jose, CA 95134
      View Details
    • $220,000

      Turnkey Restaurant in San Jose

      Fully equipped restaurant in prime San Jose location for sale.
      3730 N 1St St, San Jose, CA 95134
      View Details
    • $315,000

      San Jose Land For Sale

      Commercial land available in San Jose, California.
      316 Los Encinos St, San Jose, CA 95134
      View Details
    • Contact for pricing
      265,000 SF

      Prime San Jose Office Campus

      265,000 SF Class A Office Portfolio
      3060 1St St, San Jose, CA 95134
      View Details
    • Contact for pricing
      75,000 SF

      San Jose Flex/Industrial Building

      74,004 SF building on 5.07 acre lot available now.
      165 Nortech Pkwy, San Jose, CA 95134
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      34,481 SF

      San Jose Office Space Available

      Office space available for rent in San Jose, CA.
      120 Holger Way, San Jose, CA 95134
      View Details
    • $2 SF/Yr
      76,568 SF

      Spacious San Jose Facility For Lease

      76,568 SF facility with highway access and high-tech potential.
      2713 N 1St St, San Jose, CA 95134
      View Details
    • $26 SF/Yr
      1,680 SF

      San Jose Flex/Industrial Space

      Flex/industrial space available for lease in San Jose, CA.
      302-306 Montague Expy, San Jose, CA 95134
      View Details
    • $1.75 SF/Yr
      30,260 SF

      San Jose Flex/Industrial/Office Space

      30,260 SF flex, industrial, and office space for lease.
      2855-2895 Zanker Rd, San Jose, CA 95134
      View Details
    • $1.95 SF/Yr
      62,184 SF

      Available Flex Space Near VTA

      Flex space available near Baypointe VTA Station and local restaurants.
      178 East Tasman Dr, San Jose, CA 95134
      View Details
    • $2 SF/Yr
      20,340 SF

      San Jose R&D Flex Space

      Class A R&D building with easy transportation access.
      71 E Daggett Dr, San Jose, CA 95134
      View Details

    Property Visit Statistics

    • Visits by month
      11.2k
    • Visitors by month
      8.8k
    • Avg Time on site
      54 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.
    3473 1st St
    San Jose, CA 95134-2152
    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.