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Property profile & analytics
OFF-MARKET
Estimated value
$24,175,000
Retail space
6111 San Ignacio Ave, San Jose, CA 95119-1389
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0184306
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
WOOD FRAME
Total area
96,504 SF
Lot
3.88 ac (169,013 SF)
Zoning code
IPD
APN
706-10-031
UPID
US09-0184306
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
-
Residence Inn San Jose South Hotel & Motel
-
6111 San Ignacio Avenue Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.18M
Owner & transaction history
Grand Prix San Jose LLC · 18 yrs held
Grand Prix San Jose LLC
since 2007
7 recorded transactions
Zoning & alternative use
IPD · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$37,900,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$24.18M
Range $21.76M – $26.59M · ±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
$251 / 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
$461,103
Tax year 2024
Assessed value
$33,574,637
Assessed 2024
Previous assessed
$33,574,637
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$20,625,638
Assessed improvement
$12,948,999
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
3
Units
150
Total area
96,504 SF
Lot
3.88 ac (169,013 SF)
Zoning code
IPD
APN
706-10-031
UPID
US09-0184306
Jurisdiction
SANTA CLARA
Zoning & alternative use
IPD · San Jose, CA
Zoning IPD · permitted uses
IPD · 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
OFFICE BUILDING
Est. value
$37.9M
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
1998
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
3
Units
150
Lot
3.88 ac
Current owner
From public records · entity-resolved
Grand Prix San Jose LLC
Entity
Mailing address
545 E JOHN CARPENTER FWY STE #1400, IRVING, TX 75062-3933
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2019
—
Grand Prix San Jose LLC
—
Deed
related
$755,000,000 · Morgan Stanley Bank NA
May 18, 2017
—
Grand Prix San Jose LLC
—
Deed
related
$754,000,000 · Morgan Stanley Bk
Jun 26, 2014
—
Grand Prix San Jose LLC
—
Deed Of Trust
related
$635,000,000 · Jp Morgan Chase Bank NA
Jul 31, 2007
—
Grand Prix San Jose LLC
Innkeepers Ri General
Grant Deed
—
Nov 16, 1998
$19,150,454
Ri General LP Innkeepers
Residence Inn By Marriott INC
Grant Deed
—
Jul 14, 1997
$1,600,000
Residence Inn By Marriott INC
Hmh Realty Co INC
Grant Deed
—
Jan 19, 1996
$3,625,000
Hmh Realty Company INC
Hmh Properties INC
Grant Deed
related
—
Aug 12, 1994
$3,005,500
Hmh Properties INC
Residence Inn Ma
Grant Deed
—
—
—
Grand Prix San Jose LLC
—
Deed Of Trust
related
$575,000,000 · J P Morgan Chase Bank
—
—
Grand Prix San Jose LLC
—
Deed Of Trust
related
$754,000,000 · Morgan Stanley Bk
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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