550 1st St San Jose, CA 95113-2806
Entity Owned
4-yr Hold
~
Est. High Equity
Estimated value (blended)
$4.43M
Range $3.99M – $4.87M (±10%)
Property ID
US09-1232636
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1907
Total area
12,000 SF
Lot
0.14 ac (6,098 SF)
Zoning code
DC
APN
472-26-034
UPID
US09-1232636
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Real Estate Agency
-
Tour Operator
-
Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.42M
CAP Approach
CAP
$6.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.43M
Owner & transaction history
since 2021
Last sale
$6.0M
6 recorded transactions
Zoning & alternative use
DC · San Jose, CA
Zoning description
20. The application of these districts is limited to specific geographic areas of the city as set forth in Section 20.70.010 and Section 20.75.020 . Table 20-20 Special Zoning Districts Zoning District Zoning Map Symbol…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.43M
Value range
$3.99M – $4.87M
±10% around blend
Estimated value / SF
$369 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
90
$3.99M
blend $4.43M
$4.87M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,000 SF
Lot area
0.14 ac
Year built
1907
Stories
2
APN
472-26-034
Assessed value
$5,703,941
Annual tax
$2,643
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.93M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.51M
@ 6.5% CAP return
$6.93M
@ 7% CAP return
$6.44M
4
Sales comparison
Partial preview
Sales approach indication
$7.88M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.2 mi away · 10,179 SF
6.5 mi away · 14,628 SF
7.0 mi away · 11,857 SF
13.7 mi away · 10,800 SF
14.2 mi away · 9,802 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.43M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 27 sales
$2,090
-82%
Submarket 330 sales
$393
-6%
County 804 sales
$594
-38%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $369/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.95M
Move the market yield to see immediate price impact.
Value / SF
$496
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$375k
$7.50M
$5.35M
$4.17M
$417k
$8.33M
$5.95M
$4.63M
$458k
$9.16M
$6.54M
$5.09M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$2.47M
1.4 mi · Sep 2025 · $280/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,643
Tax year 2024
Assessed value
$5,703,941
Assessed 2024
Previous assessed
$5,703,941
+0.0% YoY
Effective rate
0.05%
On assessed value
Assessed land
$792,784
Assessed improvement
$4,911,157
Applied tax rate
17.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1907
Heating
NONE
Stories
2
Total area
12,000 SF
Lot
0.14 ac (6,098 SF)
Zoning code
DC
APN
472-26-034
UPID
US09-1232636
Jurisdiction
SANTA CLARA
Zoning & alternative use
DC · San Jose, CAZoning DC · permitted uses
DC · San Jose, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
20. The application of these districts is limited to specific geographic areas of the city as set forth in Section 20.70.010 and Section 20.75.020 . Table 20-20 Special Zoning Districts Zoning District Zoning Map Symbol…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1907
Heating
NONE
Stories
2
Lot
0.14 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
DC
COMMERCIAL
Jurisdiction
San Jose, CA
Recorded code
DC
Official district
DC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DC in San Jose, CA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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