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Property profile & analytics
OFF-MARKET
Estimated value
$92,595,000
Apartment buildings
377 Santana Row San Jose, CA 95128-2053
Individually Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3230949
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Construction
WOOD
Total area
298,461 SF
Lot
5.44 ac (237,162 SF)
Zoning code
C3H
APN
277-40-012
UPID
US09-3230949
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$95.51M
Comparable Approach
Comparable
$81.18M
Blend (final)
Blend
$92.60M
Owner & transaction history
San Jose Town Frit · 21 yrs held
San Jose Town Frit
since 2005
2 recorded transactions
Zoning & alternative use
C3H · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$141.9M
+7.4%
Warehouse, storage
$136.6M
+3.3%
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%
$103,465,000
6.5%
$95,505,000
7%
$88,685,000
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
Blend value · Realmo final
$92.60M
Range $83.34M – $101.85M · ±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
$310 / 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
$2,249,085
Tax year 2024
Assessed value
$173,993,145
Assessed 2024
Previous assessed
$173,993,145
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$18,393,563
Assessed improvement
$155,599,582
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Stories
3
Units
256
Total area
298,461 SF
Lot
5.44 ac (237,162 SF)
Zoning code
C3H
APN
277-40-012
UPID
US09-3230949
Jurisdiction
SANTA CLARA
Zoning & alternative use
C3H · San Jose, CA
Zoning C3H · permitted uses
C3H · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$132.2M
OFFICE BUILDING
Est. value
$141.9M
WAREHOUSE, STORAGE
Est. value
$136.6M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
2006
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
256
Lot
5.44 ac
Current owner
From public records · entity-resolved
San Jose Town Frit
Individual
Free & Clear · 21 yrs held
Mailing address
909 ROSE AVE STE #200, NORTH BETHESDA, MD 20852-8724
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2005
—
San Jose Town Frit
San Jose Residential INC
Quit Claim Deed
related
—
—
—
Club One At Santana Row LLC
—
Deed Of Trust
related
—
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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