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Property profile & analytics
OFF-MARKET
Estimated value
$36,505,000
Industrial properties
6212 Hellyer Ave, San Jose, CA 95138-1093
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5193795
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2017
Construction
TILT-UP CONCRETE
Total area
111,400 SF
Lot
5.45 ac (237,543 SF)
Zoning code
IP
APN
678-08-062
UPID
US09-5193795
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
-
Varian Medical Systems Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.61M
Comparable Approach
Comparable
$41.59M
Blend (final)
Blend
$36.51M
Owner & transaction history
6212 Hellyer Avenue LLC · 2 yrs held
6212 Hellyer Avenue LLC
since 2023
Last sale
$37.7M
6 recorded transactions
Zoning & alternative use
IP · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$53.3M
+62.0%
Warehouse, storage
$51.0M
+55.0%
Office building
$43.8M
+33.0%
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
$36,925,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$30,990,000
6.5%
$28,605,000
7%
$26,565,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$32,900,000
Current use
RETAIL STORES
$53,285,000
Change: +62% · Conversion: Moderate
WAREHOUSE, STORAGE
$50,980,000
Change: +55% · Conversion: Easy
OFFICE BUILDING
$43,750,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$40,795,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$36.51M
Range $32.85M – $40.16M · ±10% · vs last sale $37.70M (Jul 20 2023)
Last sale anchor
$37.70M
Jul 20 2023
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
$328 / 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
$473,568
Tax year 2024
Assessed value
$37,700,000
Assessed 2024
Previous assessed
$37,700,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$11,875,000
Assessed improvement
$25,825,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2017
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
111,400 SF
Lot
5.45 ac (237,543 SF)
Zoning code
IP
APN
678-08-062
UPID
US09-5193795
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
INDUSTRIAL (GENERAL) Current
Est. value
$32.9M
RETAIL STORES
Est. value
$53.3M
WAREHOUSE, STORAGE
Est. value
$51.0M
OFFICE BUILDING
Est. value
$43.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$40.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
2017
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
5.45 ac
Current owner
From public records · entity-resolved
6212 Hellyer Avenue LLC
Entity
Free & Clear · 2 yrs held
Mailing address
60 STATE ST STE #2200, BOSTON, MA 02109-1884
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2023
$37,700,000
6212 Hellyer Avenue LLC
Colfin 2019 2d Industrial Owner LLC
Grant Deed
—
Feb 10, 2022
—
Colfin 2019 2d Industrial Owner LLC
—
Deed
related
—
Dec 11, 2019
—
Colfin 2019 2d Industrial Owner LLC
—
Deed
related
—
Feb 28, 2019
$25,000,000
Colfin 2019-2d Indl Owner LLC
Dpif Ca 4 San Jose LLC
Grant Deed
—
May 18, 2017
—
Dpif Ca 4 San Jose LLC
—
Grant Deed
related
$11,100,000 · Compass Bk
Apr 12, 2017
$16,750,000
Dpif Ca 4 San Jose LLC
Hellyer Dev LLC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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