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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6109 Meridian Ave San Jose, CA 95120-2727

    • Strip malls
    • 52,761 SF
    • 3.74 lot acres
    OFF-MARKET
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2644040
    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

    • Bank of America ATM / Atm
    • Redbox / Movie Rental Kiosk / Dvd Store
    • Lucky / Butcher Shop / Butcher Shop Deli
    • Amazon Locker - Erato / Shipping And Mailing Service
    • KeyMe Locksmiths / Key Duplication Service / Emergency Locksmith Service

    Property Details for 6109 Meridian Ave

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    3.74 lot acres
    Property size
    52,761 SF
    Zone code
    CP
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    577-01-028
    APU
    57701028

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $820,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $965,000
      Market price range: $820k - $3.64M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.886
    Latitude
    37.229
    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
    $113,335
    $4,912,340
    $4,071,512
    $8,983,852
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,117 SF

      6055 Meridian Ave

      SHOPPING CENTER, STRIP CENTER • 10,117 SF
      6055 Meridian Ave, San Jose, CA 95120-2750
      View Details
    • Value Estimation
      $130,000
      10,340 SF

      6469 Almaden Expy

      SHOPPING CENTER, STRIP CENTER • 10,340 SF
      6469 Almaden Expy, San Jose, CA 95120-2926
      View Details
    • Value Estimation
      $670,000
      42,484 SF

      6471 Almaden Expy

      SHOPPING CENTER, STRIP CENTER • 42,484 SF
      6471 Almaden Expy, San Jose, CA 95120-2924
      View Details
    • Value Estimation
      $865,000
      15,230 SF

      6950 Almaden Expy

      SHOPPING CENTER, STRIP CENTER • 15,230 SF
      6950 Almaden Expy, San Jose, CA 95120-3201
      View Details
    • Value Estimation
      $350,000
      15,767 SF

      6091 Meridian Ave

      SHOPPING CENTER, STRIP CENTER • 15,767 SF
      6091 Meridian Ave, San Jose, CA 95120-2765
      View Details
    • Value Estimation
      $225,000
      11,225 SF

      6079 Meridian Ave

      SHOPPING CENTER, STRIP CENTER • 11,225 SF
      6079 Meridian Ave, San Jose, CA 95120-2765
      View Details

    Similar Nearby for Sale

    • $4,000,000

      Calero Lake Estates Land Parcels

      Five contiguous lots available in Calero Lake Estates subdivision.
      22575 Country View Dr, San Jose, CA 95120
      View Details
    • $1,298,950
      1.64 Acres

      Residential Land with Approved Plans

      1.64 acre residential lot with approved plans in San Jose.
      21287 Almaden Rd, San Jose, CA 95120
      View Details
    • $659,000

      View Lot in New Almaden

      2.1 acre view lot in a private San Jose area.
      21292 Bertram Rd, San Jose, CA 95120
      View Details
    • New
      $1,398,000
      0.21 Acres

      Almaden Valley Residential Lot

      Spacious lot in Almaden Valley, ideal for custom home.
      000 Box Canyon Rd, San Jose, CA 95120
      View Details
    • $1,380,000
      8.69 Acres

      San Jose Land with Approved Permits

      Ready-to-build land with permits, utilities, and approved plans.
      22649 Country View Ct, San Jose, CA 95120
      View Details
    • $599,000

      Almaden Valley View Lot - $599,000

      Prime 2.1-acre residential lot, breathtaking views.
      21292 Bertram Rd, San Jose, CA 95120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,920 SF

      Neighborhood Shopping Center Retail Space

      Retail spaces available in busy Almaden Valley shopping center.
      1341 Redmond Ave, San Jose, CA 95120
      View Details
    • $22 SF/Yr
      2,198 SF

      San Jose Retail Space Available

      Retail space available for lease in San Jose, California.
      6962-6964 Almaden Expy, San Jose, CA 95120
      View Details
    • Contact for pricing
      3,736 SF

      San Jose Retail Space Available

      Retail space available for lease in San Jose, California.
      6910-6952 Almaden Expy, San Jose, CA 95120
      View Details
    • Contact for pricing

      Retail Property in San Jose

      100% leased retail property, no current availability.
      6055 Meridian Ave, San Jose, CA 95120
      View Details
    • $32 SF/Yr
      17,410 SF

      Almaden Office Space - San Jose

      Prime San Jose office space, flexible terms.
      6472 Camden Ave, San Jose, CA 95120
      View Details

    Property Visit Statistics

    • Visits by month
      48.2k
    • Visitors by month
      20.1k
    • Avg Time on site
      18 min
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    6109 Meridian Ave
    San Jose, CA 95120-2727
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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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