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Property profile & analytics
OFF-MARKET
Estimated value
$8,305,000
Office buildings
3550 Stevens Crk Blvd San Jose, CA 95117-1029
Entity Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1879682
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
STEEL FRAME
Total area
37,840 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C2H
APN
303-29-003
UPID
US09-1879682
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
-
Social Thinking-Stevens Creek Physician
-
Excel Driving School Training Center Vocational School
-
Michelle Do - State Farm Insurance Agent Insurance Agency
-
Farmers Insurance - Teketel Mulugeta Insurance Agency
-
International Institute of Ca Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.72M
Blend (final)
Blend
$8.31M
Owner & transaction history
Ostrich INC · 27 yrs held
Ostrich INC
since 1999
6 recorded transactions
Zoning & alternative use
C2H · 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
Blend value · Realmo final
$8.31M
Range $7.47M – $9.14M · ±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
$219 / 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
$81,967
Tax year 2024
Assessed value
$6,071,100
Assessed 2024
Previous assessed
$6,071,100
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$2,997,125
Assessed improvement
$3,073,975
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 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
Off-Market
Year built
1963
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
3
Units
12
Total area
37,840 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C2H
APN
303-29-003
UPID
US09-1879682
Jurisdiction
SANTA CLARA
Zoning & alternative use
C2H · San Jose, CAZoning C2H · permitted uses
C2H · 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
Building & site characteristics
From public records
Year built
1963
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
3
Units
12
Lot
1.49 ac
Current owner
From public records · entity-resolved
Ostrich INC
Entity
Mailing address
34 W SANTA CLARA ST, SAN JOSE, CA 95113-1806
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2017
—
Ostrich INC
—
Deed
related
$3,750,000 · Jpmorgan Chase Bank NA
Jun 15, 1999
$3,950,000
Ostrich INC
Parsons Trust
Trustees Deed
—
Jun 15, 1999
$3,656,000
Green Valley Corp
Parson I
Trustees Deed
related
—
Mar 26, 1993
$850,000
I Parsons
3550 Stevens Cre
Grant Deed
—
—
—
Ostrich INC
—
Deed Of Trust
related
$1,500,000 · Citibank West Fsb
—
—
Farent LLC
—
Deed Of Trust
related
$516,000 · Mortgage Capital Development
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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