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    6033 Snell Ave San Jose, CA 95123-4127
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    Property profile & analytics

    6033 Snell Ave, San Jose, CA 95123-4127

    View on Map
    • Strip malls
    • 13,531 SF
    • 2.29 lot acres
    Off-Market
    Property ID
    US09-2805167
    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.
    Value Estimations
    $1,450,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Redwood Bistro (San Jose) / Restaurant
    • Lucky Chef / Restaurant

    Property Details for 6033 Snell Ave

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    2.29 lot acres
    Zone code
    C2H
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    687-33-072
    APU
    68733072

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 3, 2009 — Santa Teresa Square — Deed Of Trust · related $8M · California Bank & Trust
    May 30, 2002 — Santa Teresa Square — Deed Of Trust · related $2.9M · California Bank & Trust
    — — Santa Teresa Square — Deed Of Trust · related $8.1M · Miscellaneous Ins Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.832
    Latitude
    37.2378
    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
    $9,419
    $409,948
    $108,930
    $518,878
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,300,000
      30,689 SF

      5625 Snell Ave

      SHOPPING CENTER, STRIP CENTER
      5625 Snell Ave, San Jose, CA 95123-3328
      View Details
    • Value Estimation
      $1,505,000
      13,813 SF

      5758 Santa Teresa Blvd

      SHOPPING CENTER, STRIP CENTER
      5758 Santa Teresa Blvd, San Jose, CA 95123-4540
      View Details
    • Value Estimation
      $1,405,000
      11,700 SF

      472 Blossom Hl Rd

      SHOPPING CENTER, STRIP CENTER
      472 Blossom Hl Rd, San Jose, CA 95123-3301
      View Details
    • Value Estimation
      $2,955,000
      25,600 SF

      470 Blossom Hl Rd

      SHOPPING CENTER, STRIP CENTER
      470 Blossom Hl Rd, San Jose, CA 95123-3301
      View Details
    • Value Estimation
      $545,000
      5,000 SF

      6085 Snell Ave

      SHOPPING CENTER, STRIP CENTER
      6085 Snell Ave, San Jose, CA 95123-4127
      View Details
    • Value Estimation
      $1,370,000
      9,600 SF

      5647 Snell Ave

      SHOPPING CENTER, STRIP CENTER
      5647 Snell Ave, San Jose, CA 95123-3328
      View Details

    Similar Nearby for Sale

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      Retail Space with Spa Features

      Retail space featuring hair, nail, and waxing stations.
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      Freestanding retail building with high visibility and ample parking.
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      Retail Building Near Highways 85/87

      Retail building with quick access to Highways 85 and 87.
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      San Jose 55+ Community Home

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    Similar Nearby for Lease

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      1,805 SF

      New Retail Strip Center

      Newly constructed retail space in Blossom Valley, San Jose.
      5750 Santa Teresa Blvd, San Jose, CA 95123
      View Details
    • Contact for pricing
      825 SF

      Retail Space in Dynamic Area

      Retail space in San Jose's dynamic growth area for rent.
      5615-5685 Cottle Rd, San Jose, CA 95123
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    • Contact for pricing
      6,000 SF

      Retail Space Available For Lease

      6,000 square foot retail space available for lease.
      942 Blossom Hill Rd, San Jose, CA 95123
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    • Contact for pricing
      5,564 SF

      Retail Space Sublease Opportunity

      Retail space available for sublease in a prime location.
      5670-5672 Almaden Expy, San Jose, CA 95123
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      18,500 SF

      Prime Retail Space Opportunity

      Rare retail space in a high-density, affluent area.
      920-932 Blossom Hill Rd, San Jose, CA 95123
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    • Contact for pricing
      2,193 SF

      Restaurant/Retail Space Near Oakridge Mall

      Prime restaurant/retail space near Westfield Oakridge Mall.
      870 Blossom Hill Rd, San Jose, CA 95123
      View Details

    Property Visit Statistics

    • Visits by month
      7.1k
    • Visitors by month
      5.3k
    • Avg Time on site
      15 min
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    San Jose, CA 95123-4127
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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.

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