New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,890,000
Office buildings
696 Santa Clara St San Jose, CA 95112-1911
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US09-2716458
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
TILT-UP CONCRETE
Total area
20,435 SF
Lot
0.42 ac (18,170 SF)
Zoning code
C3
APN
467-27-088
UPID
US09-2716458
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
-
Viet-Hong Duy Bui Pediatrician Physician
-
Health Analysis Inc Health
-
Ailan Nguyen Pharmacy
-
Leslie Kuang Pharmacy
-
Pacific Rim Rehab Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.22M
Blend (final)
Blend
$4.89M
Owner & transaction history
San Jose Heart Institute LLC · 20 yrs held
San Jose Heart Institute LLC
since 2005
7 recorded transactions
Zoning & alternative use
C3 · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.8M
+19.0%
Retail stores
$7.5M
+14.6%
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
$6,580,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,830,000
Change: +19% · Conversion: Easy
RETAIL STORES
$7,540,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$4.89M
Range $4.40M – $5.38M · ±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
$239 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$4,374,012
Assessed 2023
Previous assessed
$4,288,248
+2.0% YoY
Assessed land
$1,352,919
Assessed improvement
$3,021,093
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
2
Total area
20,435 SF
Lot
0.42 ac (18,170 SF)
Zoning code
C3
APN
467-27-088
UPID
US09-2716458
Jurisdiction
SANTA CLARA
Zoning & alternative use
C3 · San Jose, CA
Zoning C3 · permitted uses
C3 · 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 Current
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
RETAIL STORES
Est. value
$7.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
San Jose Heart Institute LLC
Entity
Mailing address
696 E SANTA CLARA ST STE #108, SAN JOSE, CA 95112-1911
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2016
—
San Jose Heart Institute LLC
—
Deed
related
$2,426,230 · East West Bank
Dec 19, 2005
—
San Jose Heart Institute LLC
Nguyen,ngai X
Grant Deed
related
—
Sep 8, 2005
$4,100,000
Ngai Nguyen
Baker,david
Grant Deed
$2,870,000 · East West Bank
Sep 1, 2004
$3,600,000
David Baker
Stanford Medical Property LLC
Grant Deed
$2,520,000 · Cathay Bank
Jan 7, 2004
—
Stanford Medical Property LLC
Berg,werner
Grant Deed
$2,170,000 · Cathay Bank
Oct 22, 1998
—
Philip A Simone
Simone Trust
Quit Claim Deed
related
—
Sep 10, 1998
—
Flippen Trust
Flippen Trust
Quit Claim Deed
related
—
Sep 27, 1993
—
Jonathan Horowitz
Horowitz,k.
Quit Claim Deed
related
—
Sep 14, 1993
$60,000
Werner Berg
Horowitz,j./horo
Grant Deed
—
—
—
Werner Berg
—
Deed Of Trust
related
$1,125,000 · Fremont Bank
—
—
San Jose Heart Institute LLC
—
Deed Of Trust
related
$500,000 · East West Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 696 Santa Clara St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
