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Property profile & analytics
FOR LEASE
Strip malls
5506 Monterey Hwy San Jose, CA 95138
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-3351297
For Lease
1 / 2
$20,275,000
5506 Monterey Hwy, San Jose, CA 95138
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Construction
WOOD FRAME
Total area
48,948 SF
Lot
4.5 ac (196,020 SF)
Zoning code
C1D
APN
678-53-001
UPID
US09-3351297
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
-
Effective Auto Glass and Windshield Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.28M
Owner & transaction history
Save Mart Portfolio Owner Fund · 5 yrs held
Save Mart Portfolio Owner Fund
since 2020
Last sale
$20.0M
3 recorded transactions
Zoning & alternative use
C1D · 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
Method
Estimation
Statistic approach
$18,555,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,415,000
6.5%
$22,535,000
7%
$20,925,000
Blend value · Realmo final
$20.28M
Range $18.25M – $22.30M · ±10% · vs last sale $20.00M (Nov 23 2020)
Last sale anchor
$20.00M
Nov 23 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
$414 / 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
$22,117,506
Assessed 2023
Previous assessed
$21,633,544
+2.2% YoY
Assessed land
$8,156,736
Assessed improvement
$13,960,770
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1990
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
48,948 SF
Lot
4.5 ac (196,020 SF)
Zoning code
C1D
APN
678-53-001
UPID
US09-3351297
Jurisdiction
SANTA CLARA
Zoning & alternative use
C1D · San Jose, CA
Zoning C1D · permitted uses
C1D · 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
1990
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
Save Mart Portfolio Owner Fund
Entity
Free & Clear · 5 yrs held
Mailing address
1800 STANDIFORD AVE, MODESTO, CA 95350-0180
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2021
—
Save Mart Portfolio Owner Fund V Ca
—
Deed
related
$416,800 · Wells Fargo Bank NA
Nov 23, 2020
$20,000,000
Save Mart Portfolio Owner Fund
Lucky Del Nocal Investor LLC
Grant Deed
—
Sep 29, 2006
—
Lucky Del Nocal Investor LLC
Lucky Stores INC
Warranty Deed
$168,927,970 · Greenwich Capital Financial Products INC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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