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Property profile & analytics
FOR LEASE
Office buildings
480 N 1St St San Jose, CA 95112
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1232843
For Lease
1 / 24
$6,900,000 SF/Yr
480 N 1St St, San Jose, CA 95112
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Construction
WOOD
Total area
17,290 SF
Lot
0.58 ac (25,440 SF)
Zoning code
CO
APN
249-43-087
UPID
US09-1232843
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
-
Services For Brain Injury Medical Clinic
-
480 North First East Empire Parking Lot & Garage
-
Paul Bick Nguyen Law Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.69M
Blend (final)
Blend
$6.30M
Owner & transaction history
Frontier World LLC · 6 yrs held
Frontier World LLC
since 2020
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
CO · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.9M
+42.1%
Apartment house (5+ units)
$6.6M
+19.0%
Retail stores
$6.4M
+14.6%
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
$5,405,000
ML approach
$5,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,565,000
Current use
WAREHOUSE, STORAGE
$7,910,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,625,000
Change: +19% · Conversion: Easy
RETAIL STORES
$6,380,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$6.30M
Range $5.67M – $6.92M · ±10% · vs last sale $6.50M (Apr 16 2020)
Last sale anchor
$6.50M
Apr 16 2020
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
$364 / 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
$81,589
Tax year 2024
Assessed value
$6,969,310
Assessed 2024
Previous assessed
$6,969,310
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,862,778
Assessed improvement
$4,106,532
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1957
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
17,290 SF
Lot
0.58 ac (25,440 SF)
Zoning code
CO
APN
249-43-087
UPID
US09-1232843
Jurisdiction
SANTA CLARA
Zoning & alternative use
CO · San Jose, CA
Zoning CO · permitted uses
CO · 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
OFFICE BUILDING Current
Est. value
$5.6M
WAREHOUSE, STORAGE
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
RETAIL STORES
Est. value
$6.4M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1957
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Frontier World LLC
Entity
Mailing address
1145 TOURNAMENT DR, HILLSBOROUGH, CA 94010-7431
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2020
$6,500,000
Frontier World LLC
Scp Woodland LLC
Grant Deed
$3,250,000 · East West Bank
Aug 22, 2016
$2,950,000
Scp Woodland LLC
Legal Aid Society Of Santa Clara
Grant Deed
—
Aug 31, 1988
$1,600,000
Legal Aid Societ
Sutherland Fund
Grant Deed
$1,057,000 · Coast Federal Bank
—
—
Legal Aid Societ
—
Deed Of Trust
related
$1,180,000 · Wells Fargo Bank
—
—
Legal Aid Society Of Santa Clara
—
Deed Of Trust
related
$500,000 · Bank Of America
—
—
Legal Aid Society Of Santa Clara
—
Deed Of Trust
related
$1,700,000 · Bank Of America
—
—
Legal Aids Society Santa Clara
—
Deed Of Trust
related
$1,200,000 · Bank 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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