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Property profile & analytics
FOR SALE
Apartment buildings
555 S 2Nd St San Jose, CA 95112
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1344437
For Sale
1 / 2
$8,280,000
555 S 2Nd St, San Jose, CA 95112
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1928
Construction
WOOD
Total area
20,521 SF
Lot
0.33 ac (14,474 SF)
Zoning code
DC
APN
472-26-072
UPID
US09-1344437
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
-
Trusted Forklift Certification Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.72M
CAP Approach
CAP
$6.57M
Comparable Approach
Comparable
$10.53M
Blend (final)
Blend
$8.65M
Owner & transaction history
Anthony Russell De Maio · 4 yrs held
Anthony Russell De Maio
since 2022
Last sale
$9.6M
7 recorded transactions
Zoning & alternative use
DC · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$9.4M
+19.5%
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
$7,845,000
ML approach
$7,715,000
CAP Approach
CAP Return
Estimation
6%
$7,115,000
6.5%
$6,565,000
7%
$6,100,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,860,000
Current use
WAREHOUSE, STORAGE
$9,390,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$7,575,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$6,605,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$8.65M
Range $7.78M – $9.51M · ±10% · vs last sale $9.60M (Apr 21 2022)
Last sale anchor
$9.60M
Apr 21 2022
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
$421 / 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
$8,201,778
Assessed 2023
Previous assessed
$8,040,960
+2.0% YoY
Assessed land
$1,509,817
Assessed improvement
$6,691,961
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1928
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
3
Units
40
Total area
20,521 SF
Lot
0.33 ac (14,474 SF)
Zoning code
DC
APN
472-26-072
UPID
US09-1344437
Jurisdiction
SANTA CLARA
Zoning & alternative use
DC · San Jose, CA
Zoning DC · permitted uses
DC · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.9M
WAREHOUSE, STORAGE
Est. value
$9.4M
RETAIL STORES
Est. value
$7.6M
OFFICE BUILDING
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1928
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Units
40
Lot
0.33 ac
Current owner
From public records · entity-resolved
Anthony Russell De Maio
Individual
Mailing address
23840 SKYVIEW TER, LOS GATOS, CA 95033
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2022
$9,600,000
Anthony Russell De Maio
Michael H Bauer
Grant Deed
$6,240,000 · First Republic Bank
Apr 21, 2022
—
First Republic Bank
Russell De Malo
Assignment Of Lease (leasehold Sale)
—
Feb 27, 2015
$7,100,000
Mary S Bauer
Lbd Enterprises LLC
Grant Deed
$4,686,000 · Umpqua Bank
Dec 27, 2013
$3,450,000
Lbd Ents LLC
Felchie C N Trust
Grant Deed
—
May 10, 2010
—
Redd Trust
Redd,sheila
Quit Claim Deed
related
—
Sep 12, 2003
—
Felchle,tr
Felchle,clifford N
Quit Claim Deed
related
—
Sep 10, 2003
—
Sheila Redd
Redd,stanley M
Quit Claim Deed
related
$1,800,000 · California Savings Bank
Aug 16, 1999
—
Felchle Trust
Felchle,clifford N
Quit Claim Deed
related
—
May 11, 1994
$50,000
Redd,sheila L
Klutts,james R &
Trustees Deed
—
May 11, 1994
—
Sheila L Redd
Redd,stanley M
Quit Claim Deed
related
—
Dec 23, 1988
$32,000
Vincent& Carbone
Allred,f.&k.
Grant Deed
related
—
Sep 2, 1988
$1,285,000
Sheila Redd
Casa Alta Apartm
Grant Deed
$830,000 · Bay View Federal Bank
—
—
Windy Hill Pv One Mf LLC
—
Deed Of Trust
related
$2,587,500 · Sterling Savings Bank
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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