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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Outlet malls
650 Lenfest Rd San Jose, CA 95133-1614
Trust Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3020723
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1999
Total area
95,750 SF
Lot
4.23 ac (184,259 SF)
Zoning code
LI
APN
254-02-100
UPID
US09-3020723
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
-
San Francisco Moving & Storage Moving Company Storage Facility
-
Corovan Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$990k
Owner & transaction history
Maestri,vincent R Trust · 9 yrs held
Maestri,vincent R Trust
since 2017
7 recorded transactions
Zoning & alternative use
LI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$10 / 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
$107,772
Tax year 2024
Assessed value
$8,780,418
Assessed 2024
Previous assessed
$8,780,418
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,868,482
Assessed improvement
$6,911,936
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 Sale
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1999
Heating
NONE
Stories
2
Units
1
Total area
95,750 SF
Lot
4.23 ac (184,259 SF)
Zoning code
LI
APN
254-02-100
UPID
US09-3020723
Jurisdiction
SANTA CLARA
Zoning & alternative use
LI · San Jose, CA
Zoning LI · permitted uses
LI · 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.
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Stories
2
Units
1
Lot
4.23 ac
Current owner
From public records · entity-resolved
Maestri,vincent R Trust
Trust
Free & Clear · 9 yrs held
Mailing address
85 LARK PL, ALAMO, CA 94507-1867
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Nov 10, 2025
—
North King Limited
—
Deed
related
$17,000,000 · Fremont Bank
Mar 27, 2025
—
North King Limited
—
Deed
related
$16,300,000 · Fremont Bank
Apr 18, 2017
—
Maestri,vincent R Trust
North King Ltd
Quit Claim Deed
related
—
Mar 26, 2010
—
Maestri Living Trust
—
Grant Deed
related
$22,000,000 · Wells Fargo Bk
Mar 8, 2010
—
Maestri,lindley B
Maestri,frank J
Affidavit Of Death
related
—
—
—
North King Ltd
—
Loan Modification
related
—
—
—
Maestri Living Trust
—
Loan Modification
related
$2,500,000 · Wells Fargo 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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