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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3590 1st St San Jose, CA 95134-1808

    • Office buildings
    • 86,713 SF
    • 2.34 lot acres
    OFF-MARKET
    Value Estimations
    $475,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2977119
    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

    • Immigration Law Group LLP / Immigration Attorney / Immigration & Naturalization Service
    • Immigration Law Group LLP: Bui Cuong / Attorney
    • GainSpan / Software Company
    • Nile Headquarters / Corporate Office
    • Neato Robotics, Inc. / Corporate Office

    Property Details for 3590 1st St

    Year built
    1990
    Construction
    TILT-UP CONCRETE
    Lot size
    2.34 lot acres
    Property size
    86,713 SF
    Zone code
    IP
    Property type
    Office buildings
    APN
    097-07-061
    APU
    9707061

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $524,000
      Market price range: $401k - $2.31M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.943
    Latitude
    37.4091
    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
    $351,225
    $6,147,965
    $22,261,438
    $28,409,403
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $340,000
      187,660 SF

      4453 1st St

      OFFICE BUILDING • 187,660 SF
      4453 1st St, San Jose, CA 95134-1260
      View Details
    • Value Estimation by Request
      166,100 SF

      280 Innovation Dr

      OFFICE BUILDING • 166,100 SF
      280 Innovation Dr, San Jose, CA 95134-3390
      View Details
    • Value Estimation
      $635,000
      66,350 SF

      2680 Zanker Rd

      OFFICE BUILDING • 66,350 SF
      2680 Zanker Rd, San Jose, CA 95134-2143
      View Details
    • Value Estimation
      $195,000
      19,950 SF

      475 Holger Way

      OFFICE BUILDING • 19,950 SF
      475 Holger Way, San Jose, CA 95134-1369
      View Details
    • Value Estimation
      $275,000
      45,862 SF

      2890 Zanker Rd

      OFFICE BUILDING • 45,862 SF
      2890 Zanker Rd, San Jose, CA 95134-2118
      View Details
    • Value Estimation
      $615,000
      148,846 SF

      3080 1st St

      OFFICE BUILDING • 148,846 SF
      3080 1st St, San Jose, CA 95134-2023
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $33,000,000
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      San Jose Two-Story Facility

      92,864 SF facility ideal for corporate headquarters or manufacturing.
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    • $78,000
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      Class A Office Buildings

      Two Class A office buildings totaling 265,000 square feet.
      3060 1St St, San Jose, CA 95134
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    • 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
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    • 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
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    • $42,000,000
      95,550 SF

      San Jose Flex/Industrial Property

      5.5 acre flex/industrial property renovated in 2015.
      250 W Tasman Dr, San Jose, CA 95134
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    Similar Nearby for Lease

    • $3 SF/Yr
      32,691 SF

      LEED Gold Certified Office Space

      High-tech office space with fitness center and EV charging.
      4453 N 1St St, San Jose, CA 95134
      View Details
    • $21 SF/Yr
      76,410 SF

      Office/R&D Space for Sublease

      Two-story office/R&D space with best-in-class interiors.
      250 Holger Way, San Jose, CA 95134
      View Details
    • Contact for pricing
      99,494 SF

      San Jose Office Space Available

      99,494 SF office space for rent in San Jose.
      3100 North 1St St, San Jose, CA 95134
      View Details
    • Contact for pricing
      16,104 SF

      San Jose Flex/Industrial/Office Space

      Flex, industrial, and office space available for lease in San Jose.
      651-655 River Oaks Pkwy, San Jose, CA 95134
      View Details
    • Contact for pricing
      24,506 SF

      San Jose Office Space Available

      Office space for rent with expansion options and robust capabilities.
      2700 Zanker Rd, San Jose, CA 95134
      View Details
    • $3 SF/Yr
      2,408 SF

      Office Campus with Flexible Suites

      Office campus with expansion opportunities, amenities, and convenient transportation.
      2890 Zanker Rd, San Jose, CA 95134
      View Details
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    3590 1st St
    San Jose, CA 95134-1808
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    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
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