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    656 Auzerais Ave San Jose, CA 95126-3598
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    Property profile & analytics

    656 Auzerais Ave, San Jose, CA 95126-3598

    View on Map
    • Strip malls
    • 0.11 lot acres
    Off-Market
    Last Sale Jan 22, 2024
    Property ID
    US09-1129267
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • silicon valley machining / Industrial Manufacturer
    • Artistech Painting Inc. / Painting
    • Adm Painting Co / Painting Service / General Contractor
    • Sunshine Graphics Inc / (Bike/Boat/Book/etc) Store

    Property Details for 656 Auzerais Ave

    Lot size
    0.11 lot acres
    Zone code
    LI
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    264-17-015
    APU
    26417015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 22, 2024 — Lisa A Dariano Lisa A Dariano Intrafamily Transfer · related —
    Mar 11, 2016 — Dariano,john 1992 Trust Dariano,lisa Quit Claim Deed · related —
    Apr 8, 2010 — Dariano John 1992 Trust Dariano,john L JR & Lisa A Quit Claim Deed · related —
    Feb 19, 2008 $300,000 John L Dariano JR. Dariano A L & B G Trust Grant Deed · related $300k · First Republic Bank
    May 25, 2004 — Dariano,tr Dariano,john L Quit Claim Deed · related —
    Jun 6, 2001 — Lisa Dariano Dariano,john L Quit Claim Deed · related —
    Jun 6, 2001 $1,315,000 Dariano Trust Dariano Trust Grant Deed · related —
    Dec 16, 1998 — Dariano Trust Dariano,anthony & Barbara Quit Claim Deed · related —
    Mar 23, 1995 — Dariano Trust Dariano,john L Quit Claim Deed · related —
    Mar 18, 1994 $28,000 John L Dariano Dariano Properti Grant Deed · related $228k · Wells Fargo Bank
    — — Dariano Trust — Deed Of Trust · related $275k · Bank Of America

    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
    -121.9
    Latitude
    37.3225
    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
    2023
    $0.00
    $135,590
    $0.00
    $135,590
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $10,030,000
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      1097 Leigh Ave

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    • Value Estimation
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    • Value Estimation
      $520,000
      2,400 SF

      494 Auzerais Ave

      SHOPPING CENTER, STRIP CENTER
      494 Auzerais Ave, San Jose, CA 95126-3612
      View Details
    • Value Estimation
      $6,970,000
      20,560 SF

      San Jose, CA 95126

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      San Jose, CA 95126
      View Details
    • Value Estimation
      $740,000
      3,462 SF

      1398 San Carlos St

      SHOPPING CENTER, STRIP CENTER
      1398 San Carlos St, San Jose, CA 95126-3444
      View Details

    Similar Nearby for Sale

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      6,244 SF

      Mixed-Use Property Near Diridon Station

      Mixed-use property with retail, apartments, and a single-family home.
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      Mixed-Use Property in San Jose

      Retail investment opportunity in a thriving San Jose location.
      899 W San Carlos St, San Jose, CA 95126
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    • $3,000,000

      Freestanding Flex/Industrial/Retail San Jose Property

      Single-story flex/industrial/retail property in a transforming San Jose neighborhood.
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      Midtown Mixed-Use Opportunity

      Live, work, and develop in a prime Midtown location.
      278 Grand Ave, San Jose, CA 95126
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      2,203 SF

      San Jose Retail Investment Opportunity

      Rare mixed-use property with redevelopment potential in prime San Jose location.
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    Similar Nearby for Lease

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      32,895 SF

      Retail Space in San Jose

      Retail space available in San Jose, California.
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      19,400 SF

      Office & Retail Space Available

      Ground floor office and retail space for rent.
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      1,066 SF

      Retail Space Near SAP Center

      Retail space with residential units above, near Whole Foods.
      130 Stockton Ave, San Jose, CA 95126
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    • Contact for pricing
      3,276 SF

      Retail Space in Mixed-Use Development

      Retail space available in a mixed-use development with parking.
      1432 W San Carlos St, San Jose, CA 95126
      View Details
    • Contact for pricing
      1,509 SF

      San Jose Mixed-Use Development Space

      Retail, medical, and office spaces available in Midtown San Jose.
      808 W San Carlos St, San Jose, CA 95126
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    • Contact for pricing
      2,574 SF

      San Jose Retail Opportunity

      Freestanding building on West San Carlos St, high-traffic corridor.
      1570 W San Carlos St, San Jose, CA 95126
      View Details
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    San Jose, CA 95126-3598
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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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