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Property profile & analytics
FOR LEASE
Warehouses
5995 Hellyer Ave, San Jose, CA 95138
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1496016
For Lease
1 / 3
$15 SF/Yr
5995 Hellyer Ave, San Jose, CA 95138
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Total area
156,007 SF
Lot
9.33 ac (406,414 SF)
Zoning code
IP
APN
678-08-057
UPID
US09-1496016
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
-
LKQ FinishMaster - San Jose Auto Parts Store (Bike/Boat/Book/etc) Store
-
LKQ auto parts dismantler Auto Parts Store
-
San Jose Bicycle Club Wednesday Night Crit Racecourse
-
Keystone Automotive - San Jose Auto Parts Store
-
Samantha Consultation, Inc Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$48.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$46.65M
Owner & transaction history
Ipt Silicon Valley Ic LLC · 9 yrs held
Ipt Silicon Valley Ic LLC
since 2016
7 recorded transactions
Zoning & alternative use
IP · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$74.6M
+4.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$52,700,000
6.5%
$48,645,000
7%
$45,170,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$71,390,000
Current use
RETAIL STORES
$74,620,000
Change: +5% · Conversion: Moderate
OFFICE BUILDING
$61,265,000
Change: -14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$57,135,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$46.65M
Range $41.98M – $51.31M · ±10%
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
$299 / 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
$522,029
Tax year 2024
Assessed value
$41,387,111
Assessed 2024
Previous assessed
$41,387,111
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$21,542,522
Assessed improvement
$19,844,589
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2018
Heating
NONE
Stories
1
Units
2
Total area
156,007 SF
Lot
9.33 ac (406,414 SF)
Zoning code
IP
APN
678-08-057
UPID
US09-1496016
Jurisdiction
SANTA CLARA
Zoning & alternative use
IP · San Jose, CA
Zoning IP · permitted uses
IP · 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
WAREHOUSE, STORAGE Current
Est. value
$71.4M
RETAIL STORES
Est. value
$74.6M
OFFICE BUILDING
Est. value
$61.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$57.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2018
Heating
NONE
Stories
1
Units
2
Lot
9.33 ac
Current owner
From public records · entity-resolved
Ipt Silicon Valley Ic LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2151 MICHELSON DR STE #282, IRVINE, CA 92612-1374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
—
Bci IV Silicon Valley Ic LLC
—
Deed
related
$222,300,000 · Forethought Life Insurance Company
Sep 24, 2018
—
Ipt Silicon Valley Ic LLC
—
Deed
related
$300,000,000 · Regions Bank
Dec 20, 2016
$6,300,000
Ipt Silicon Valley Ic LLC
M West Propco Xxii LLC
Grant Deed
—
Dec 26, 2012
$2,850,000
M West Propco Xxii LLC
Mission West Properties INC
Grant Deed
—
Dec 24, 2012
$3,613,000
Mission West Properties INC
Mission West Properties LP
Grant Deed
—
May 11, 2004
—
Mission West Properties LP
Mission West Properties LP
Quit Claim Deed
related
—
Dec 29, 1998
—
Mission West Properties LP
Niimoto,mike Y & Yasuyo
Grant Deed
related
—
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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