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    Property profile & analytics

    598 Columbia Ave San Jose, CA 95126-3600

    • Apartment buildings
    • 41,553 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimations
    $10,720,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2939807
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pensione Esperanza / Apartment Building

    Property Details for 598 Columbia Ave

    Year built
    1999
    Construction
    WOOD
    Lot size
    0.93 lot acres
    Property size
    41,553 SF
    Zone code
    PD
    Property type
    Apartment buildings
    APN
    264-20-131
    APU
    26420131

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,405,000
      6.5%
      $13,295,000
      7%
      $12,345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,669,000
      Market price range: $1.80M - $8.70M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $15,745,000
      Current use
      OFFICE BUILDING
      $14,990,000
      Change: -5% Conversion: Moderate
      RETAIL STORES
      $12,965,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.899
    Latitude
    37.3242
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $52,203
    $1,580,172
    $12,239,998
    $13,820,170
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4.17 Acres

      754 The Alameda

      APARTMENT HOUSE (5+ UNITS) • 4.17 Acres
      754 The Alameda, San Jose, CA 95126-3164
      View Details
    • Value Estimation
      $5,580,000
      32,848 SF

      1336 Fruitdale Ave

      APARTMENT HOUSE (5+ UNITS) • 32,848 SF
      1336 Fruitdale Ave, San Jose, CA 95126-4029
      View Details
    • Value Estimation
      $11,305,000
      66,845 SF

      950 Meridian Ave

      APARTMENT HOUSE (5+ UNITS) • 66,845 SF
      950 Meridian Ave, San Jose, CA 95126-4079
      View Details
    • Value Estimation
      $2,820,000
      9,984 SF

      467 Buena Vis Ave

      APARTMENT HOUSE (5+ UNITS) • 9,984 SF
      467 Buena Vis Ave, San Jose, CA 95126-3214
      View Details
    • Value Estimation
      $2,410,000
      14,256 SF

      53 Keeble Ave

      APARTMENT HOUSE (5+ UNITS) • 14,256 SF
      53 Keeble Ave, San Jose, CA 95126-2727
      View Details
    • Value Estimation
      $13,300,000
      49,308 SF

      790 Lenzen Ave

      APARTMENT HOUSE (5+ UNITS) • 49,308 SF
      790 Lenzen Ave, San Jose, CA 95126-2722
      View Details

    Similar Nearby for Sale

    • $3,895,000
      9,148 SF

      Mixed-Use Property in San Jose

      Mixed-use property with residential and retail units in San Jose.
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    • $5,050,000
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      18-Unit Multifamily Asset in San Jose

      18-unit apartment community near Willow Glen neighborhood of San Jose.
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      5,811 SF

      San Jose Multifamily Investment

      8-Unit Apartment Building, High NOI
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    • $3,895,000
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      Multifamily Investment in Rose Garden

      Multifamily property in San Jose's desirable Rose Garden neighborhood.
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    • New
      $1,068,888
      1,350 SF

      Duplex in Rose Garden Neighborhood

      Duplex in Rose Garden neighborhood with private backyards.
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    Similar Nearby for Lease

    • $33 SF/Yr
      4,363 SF

      Prime San Jose Office Space

      1,237 SF Available, Alameda Location
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      View Details
    • Contact for pricing
      1,348 SF

      Office Space Along The Alameda

      Office space for rent in a prime location.
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    • Contact for pricing
      14,275 SF

      San Jose Office/Bank Space

      14,275 SF office/bank space available Q2 2026.
      1510 Pershing Ave, San Jose, CA 95126
      View Details
    • Contact for pricing
      4,500 SF

      San Jose Office Space Available

      Office space available for rent in San Jose, California.
      1085 The Alameda, San Jose, CA 95126
      View Details
    • Contact for pricing
      8,544 SF

      San Jose Office Building ForRent

      Two-story office building in central San Jose location.
      1401 Parkmoor Ave, San Jose, CA 95126
      View Details
    • Contact for pricing
      7,020 SF

      Medical Space Available For Rent

      7,020 square foot medical space available for rent.
      1030 Leigh Ave, San Jose, CA 95126
      View Details
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    598 Columbia Ave
    San Jose, CA 95126-3600
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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