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Property profile & analytics
OFF-MARKET
Estimated value
$2,415,000
Strip malls
3844 Monterey Hwy San Jose, CA 95111-3401
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3025770
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1959
Total area
14,151 SF
Lot
2.2 ac (95,832 SF)
Zoning code
C2H
APN
497-07-027
UPID
US09-3025770
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.42M
Owner & transaction history
3840 Monterey Rd LLC · 7 yrs held
3840 Monterey Rd LLC
since 2018
7 recorded transactions
Zoning & alternative use
C2H · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$171 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$5,333,321
Assessed 2023
Previous assessed
$8,250,593
-35.4% YoY
Assessed land
$4,586,658
Assessed improvement
$746,663
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1959
Heating
NONE
Buildings
5
Stories
2
Units
1
Total area
14,151 SF
Lot
2.2 ac (95,832 SF)
Zoning code
C2H
APN
497-07-027
UPID
US09-3025770
Jurisdiction
SANTA CLARA
Zoning & alternative use
C2H · San Jose, CA
Zoning 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
San Jose. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Stories
2
Buildings
5
Units
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
3840 Monterey Rd LLC
Entity
Mailing address
137 ROOSEVELT AVE, REDWOOD CITY, CA 94061-2324
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2021
—
3840 Monterey Road LLC
—
Deed
related
$3,570,000 · Pacific Premier Bank
Aug 30, 2018
—
3840 Monterey Road LLC
—
Deed
related
$3,847,500 · Wells Fargo Bk
Aug 16, 2018
$7,695,000
3840 Monterey Rd LLC
Bonnie Burdett
Grant Deed
$3,847,500 · Wells Fargo Bank NA
Sep 11, 2015
—
Jason J Noghrey
Noghrey,jamshid
Affidavit Of Death
related
—
Jan 14, 2015
—
Noghrey,jamshid Trust
Noghrey,jamshid
Quit Claim Deed
related
—
Jan 7, 2015
—
Jamshid Noghrey
Noghrey,martha E
Affidavit Of Death
related
—
Aug 24, 2006
—
Jamshid Noghrey
Derar Hawari
Grant Deed
—
Aug 31, 2000
$2,700,000
Derar Hawari
Gerald A Smith Trustee
Grant Deed
$2,050,000 · Gerald A Smith Trustee
Feb 1, 1995
$750,000
Gerald A Smith Trustee
El Rancho Properties
Grant Deed
$750,000 · Borel Bank & Trust
—
—
Jamshid Noghrey
—
Deed Of Trust
related
$2,900,000 · First Republic Bank
—
—
Derar Hawari
—
Deed Of Trust
related
$2,200,000 · Summit Bank
—
—
3840 Monterey Road LLC
—
Deed Of Trust
related
$3,847,500 · Wells Fargo Bk
—
—
Jamshid Noghrey
—
Deed Of Trust
related
$3,000,000 · First Republic Bank
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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