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Property profile & analytics
FOR LEASE
Life science properties
5500 Hellyer Ave, San Jose, CA 95138
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3938651
For Lease
1 / 2
$8,255,000
5500 Hellyer Ave, San Jose, CA 95138
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2000
Total area
196,534 SF
Lot
17.42 ac (758,727 SF)
Zoning code
IP,A
APN
679-01-022
UPID
US09-3938651
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
-
Snap-On Tools (Bike/Boat/Book/etc) Store Building Supply
-
Genista Biosciences Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.26M
Owner & transaction history
Willyo Properties LP · 8 yrs held
Willyo Properties LP
since 2018
6 recorded transactions
Zoning & alternative use
IP,A · 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
$42 / 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
$512,417
Tax year 2024
Assessed value
$39,377,819
Assessed 2024
Previous assessed
$39,377,819
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$21,194,860
Assessed improvement
$18,182,959
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
For Lease
Year built
2000
Heating
NONE
Stories
1
Units
1
Total area
196,534 SF
Lot
17.42 ac (758,727 SF)
Zoning code
IP,A
APN
679-01-022
UPID
US09-3938651
Jurisdiction
SANTA CLARA
Zoning & alternative use
IP,A · San Jose, CA
Zoning IP,A · permitted uses
IP,A · 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
2000
Heating
NONE
Stories
1
Units
1
Lot
17.42 ac
Current owner
From public records · entity-resolved
Willyo Properties LP
Entity
Mailing address
1232 ROSE LN, LAFAYETTE, CA 94549-3032
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2018
$35,300,000
Willyo Properties LP
M West Propco Hellyer LLC
Grant Deed
$25,590,000 · Goldman Sachs Mortgage Company
Dec 10, 2015
—
M West Propco-hellyer I LLC
M West Propco X LLC
Quit Claim Deed
—
Dec 26, 2012
$7,089,500
M West Propco X LLC
Mission West Properties INC
Grant Deed
—
Dec 24, 2012
$10,071,000
Mission West Properties INC
Mission West Properties LP
Grant Deed
—
Nov 19, 2008
—
Mission West Properties
Berg & Berg Ents LLC
Quit Claim Deed
related
—
—
—
Mission West Propertie LP
—
Loan Modification
related
$115,000,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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