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    Property profile & analytics

    377 Santana Row San Jose, CA 95128-2053

    • Apartment buildings
    • 298,461 SF
    • 5.44 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3230949
    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

    • La Donna Bridal Atelier / Clothing & Fashion Store
    • Tranquility Dental / Dental Office
    • Blink Charging Station / Electric Vehicle Charging Station
    • Altify / (Bike/Boat/Book/etc) Store / Corporate Office
    • Ravon Shadi DDS / Dental Office

    Property Details for 377 Santana Row

    Year built
    2006
    Construction
    WOOD
    Lot size
    5.44 lot acres
    Property size
    298,461 SF
    Zone code
    C3H
    Property type
    Apartment buildings
    APN
    277-40-012
    APU
    27740012

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $103,465,000
      6.5%
      $95,505,000
      7%
      $88,685,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $81,175,000
      Market price range: $27.7M - $81.2M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $132,160,000
      Current use
      OFFICE BUILDING
      $141,940,000
      Change: +7% Conversion: Moderate
      WAREHOUSE, STORAGE
      $136,580,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.949
    Latitude
    37.3199
    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
    $2,249,085
    $18,393,563
    $155,599,582
    $173,993,145
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $850,000
      3,788 SF

      920 College Dr

      APARTMENT HOUSE (5+ UNITS) • 3,788 SF
      920 College Dr, San Jose, CA 95128-3643
      View Details
    • Value Estimation
      $9,180,000
      50,000 SF

      2094 Frst Ave

      APARTMENT HOUSE (5+ UNITS) • 50,000 SF
      2094 Frst Ave, San Jose, CA 95128-4821
      View Details
    • Value Estimation
      $1,870,000
      9,372 SF

      3035 Magliocco Dr

      APARTMENT HOUSE (5+ UNITS) • 9,372 SF
      3035 Magliocco Dr, San Jose, CA 95128-3075
      View Details
    • Value Estimation
      $1,175,000
      5,744 SF

      2391 Moorpark Ave

      APARTMENT HOUSE (5+ UNITS) • 5,744 SF
      2391 Moorpark Ave, San Jose, CA 95128-2620
      View Details
    • Value Estimation
      $27,460,000
      151,649 SF

      1324 Winchester Blvd

      APARTMENT HOUSE (5+ UNITS) • 151,649 SF
      1324 Winchester Blvd, San Jose, CA 95128-4341
      View Details
    • Value Estimation
      $2,515,000
      13,137 SF

      3070 Van Sansul Ave

      APARTMENT HOUSE (5+ UNITS) • 13,137 SF
      3070 Van Sansul Ave, San Jose, CA 95128-3358
      View Details

    Similar Nearby for Sale

    • $3,450,000
      6,280 SF

      San Jose 12-Unit Apartment Complex

      Well-maintained apartment complex in desirable, transit-friendly San Jose location.
      1011 Leigh Ave, San Jose, CA 95128
      View Details
    • $1,899,950
      3,570 SF

      Willow Glen Area 6-Plex

      6-unit multifamily property in Willow Glen area, San Jose.
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      View Details
    • $2,100,000
      2,988 SF

      Six-Unit Multifamily Property

      Six-unit property near shopping, dining, and major employers.
      Randolph Dr, San Jose, CA 95128
      View Details
    • Contact for pricing
      3,510 SF

      San Jose Multifamily Investment Opportunity

      Six-unit multifamily property in San Jose with recent upgrades.
      832 Deland Ave, San Jose, CA 95128
      View Details
    • $2,100,000
      2,988 SF

      San Jose Multifamily Investment Opportunity

      Six-unit property near Westfield Valley Fair and major employers.
      2129 Randolph Dr, San Jose, CA 95128
      View Details
    • $1,925,000

      San Jose Fourplex with Balconies

      Four 2-bedroom units near Santana Row and Valley Fair.
      2469 Olive Ave, San Jose, CA 95128
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,302 SF

      Transformed Office Space Near Amenities

      Newly renovated office suites with easy freeway access and parking.
      550 S Winchester Blvd, San Jose, CA 95128
      View Details
    • $27 SF/Yr
      3,692 SF

      San Jose Office Space Available

      Prime San Jose location, flexible lease terms.
      2040 Forest Ave, San Jose, CA 95128
      View Details
    • $22 SF/Yr
      29,456 SF

      3031 Tisch Way 110 Plz

      Office Units • 29,456 SF
      3031 Tisch Way 110 Plz, San Jose, CA 95128
      View Details
    • $36 SF/Yr
      70,167 SF

      San Jose Office Space for Lease

      Prime San Jose Office, Flexible Suites
      950 Bascom Ave, San Jose, CA 95128
      View Details
    • Contact for pricing
      1,800 SF

      San Jose Retail Space Available

      Retail space in a Safeway-anchored shopping center in San Jose.
      1323-1345 S Winchester Blvd, San Jose, CA 95128
      View Details
    • $30 SF/Yr
      71,781 SF

      Prime San Jose Executive Offices

      Spacious suites, flexible lease terms.
      1245 Winchester Blvd, San Jose, CA 95128
      View Details

    Property Visit Statistics

    • Visits by month
      24.3k
    • Visitors by month
      15.4k
    • Avg Time on site
      38 min
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    377 Santana Row
    San Jose, CA 95128-2053
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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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