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Property profile & analytics
OFF-MARKET
Estimated value
$56,500,000
Life science properties
5215 Hellyer Ave, San Jose, CA 95138-1025
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-2182740
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1984
Construction
TILT-UP CONCRETE
Total area
177,864 SF
Lot
20.95 ac (912,451 SF)
Zoning code
IP
APN
679-05-003
UPID
US09-2182740
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
-
Technical Builders Inc Construction Company
-
Seagate Properties Property Management Company Real Estate Agency
-
Global Equipment Services & Manufacturing Inc Engineer
-
Structural Integrity Associates, Inc Engineering Consultant
-
Sun Basket Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$63.06M
Blend (final)
Blend
$56.50M
Owner & transaction history
Sfiii Hellyer LLC · 6 yrs held
Sfiii Hellyer LLC
since 2020
Last sale
$55.7M
7 recorded transactions
Zoning & alternative use
IP · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$85.1M
+74.3%
Warehouse, storage
$81.4M
+66.8%
Office building
$69.9M
+43.1%
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
$51,630,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$48,810,000
Current use
RETAIL STORES
$85,075,000
Change: +74% · Conversion: Difficult
WAREHOUSE, STORAGE
$81,390,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$69,850,000
Change: +43% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$65,135,000
Change: +33% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$52,525,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$56.50M
Range $50.85M – $62.15M · ±10% · vs last sale $55.65M (Mar 12 2020)
Last sale anchor
$55.65M
Mar 12 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
$318 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$58,498,084
Assessed 2023
Previous assessed
$57,351,064
+2.0% YoY
Assessed land
$15,347,206
Assessed improvement
$43,150,878
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 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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Units
1
Total area
177,864 SF
Lot
20.95 ac (912,451 SF)
Zoning code
IP
APN
679-05-003
UPID
US09-2182740
Jurisdiction
SANTA CLARA
Zoning & alternative use
IP · San Jose, CA
Zoning IP · permitted uses
IP · 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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$48.8M
RETAIL STORES
Est. value
$85.1M
WAREHOUSE, STORAGE
Est. value
$81.4M
OFFICE BUILDING
Est. value
$69.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$65.1M
INDUSTRIAL (GENERAL)
Est. value
$52.5M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
20.95 ac
Current owner
From public records · entity-resolved
Sfiii Hellyer LLC
Entity
Mailing address
260 CALIFORNIA ST STE #1100, SAN FRANCISCO, CA 94111-4300
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
Mar 12, 2020
$55,650,000
Sfiii Hellyer LLC
Hellyer Oaks Owner LLC
Grant Deed
$45,519,000 · Citizens Bank NA
Mar 6, 2019
—
Hellyer Oaks Owner LLC
—
Trustees Deed
related
$46,000,000 · Vmc Lender LLC
Feb 24, 2017
$36,200,000
Hellyer Oaks Owner LLC
Gre Hellyer Oaks LP
Grant Deed
$36,930,000 · Private Individual
Dec 1, 2004
—
Gre Hellyer Oaks
Lincoln-recp Hellyer Opco LLC
Grant Deed
related
—
—
—
Svtc Technologies LLC
—
Deed Of Trust
related
$40,000 · Wells Fargo Bank
—
—
Gre Hellyer Oaks
—
Deed Of Trust
related
$18,300,000 · Allstate Life Insurance Co
—
—
Gre Hellyer Oaks LP
—
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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