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Property profile & analytics
OFF-MARKET
Estimated value
$39,720,000
Apartment buildings
3903 7th Trees Blvd, San Jose, CA 95111-3403
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US09-3216283
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
WOOD
Total area
155,286 SF
Lot
9.5 ac (413,820 SF)
Zoning code
R3
APN
494-13-011
UPID
US09-3216283
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
-
Timberwood Apartments Real Estate Agency
-
Spark Electrics Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$39.72M
Owner & transaction history
Mp Timberwood Associates · 20 yrs held
Mp Timberwood Associates
since 2005
5 recorded transactions
Zoning & alternative use
R3 · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$61.0M
+7.2%
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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$56,870,000
Current use
OFFICE BUILDING
$60,980,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$39.72M
Range $35.75M – $43.69M · ±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
$256 / 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
$184,208
Tax year 2024
Assessed value
$80,118,537
Assessed 2024
Previous assessed
$80,118,537
+0.0% YoY
Effective rate
0.23%
On assessed value
Assessed land
$19,351,440
Assessed improvement
$60,767,097
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
1974
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
286
Total area
155,286 SF
Lot
9.5 ac (413,820 SF)
Zoning code
R3
APN
494-13-011
UPID
US09-3216283
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3 · San Jose, CA
Zoning R3 · permitted uses
R3 · 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
$56.9M
OFFICE BUILDING
Est. value
$61.0M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
1974
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
286
Lot
9.5 ac
Current owner
From public records · entity-resolved
Mp Timberwood Associates
Entity
Mailing address
303 VINTAGE PARK DR STE #250, FOSTER CITY, CA 94404-1176
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2022
—
Mp Timberwood Associates LP
—
Deed
related
$9,111,000 · Midpen Housing Corporation
Jul 19, 2005
$25,000,000
Mp Timberwood Associates
Mid Peninsula Seven Trees INC
Grant Deed
$10,725 · Mid Peninsula Seven Trees INC
Feb 1, 1990
$4,241,000
Mid Peninsula Se
Spieker Seven Tr
Grant Deed
$14,023,000 · Wells Fargo Bank
Jan 5, 1988
$8,959,000
Spieker Seven Tr
Weste
Grant Deed
related
—
—
—
Spieker Seven Tr
—
Deed Of Trust
related
$8,250,000 · Home Savings Of America
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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