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Property profile & analytics
FOR LEASE
Office buildings
70 North 2Nd St San Jose, CA 95113
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3315425
For Lease
1 / 4
$5,690,000
70 North 2Nd St, San Jose, CA 95113
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1953
Construction
TILT-UP CONCRETE
Total area
23,535 SF
Lot
0.18 ac (7,819 SF)
Zoning code
DC
APN
467-21-011
UPID
US09-3315425
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
-
Wrike Corporate Office
-
Elevator Phone General Contractor Construction 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
$5.69M
Owner & transaction history
Santa Clara Valley Transportation A · 1 yrs held
Santa Clara Valley Transportation A
since 2025
7 recorded transactions
Zoning & alternative use
DC · 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
$242 / 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
$123,494
Tax year 2024
Assessed value
$11,824,498
Assessed 2024
Previous assessed
$11,824,498
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$2,493,183
Assessed improvement
$9,331,315
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
For Lease
Year built
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
3
Units
1
Total area
23,535 SF
Lot
0.18 ac (7,819 SF)
Zoning code
DC
APN
467-21-011
UPID
US09-3315425
Jurisdiction
SANTA CLARA
Zoning & alternative use
DC · San Jose, CA
Zoning DC · permitted uses
DC · 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
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Santa Clara Valley Transportation A
Individual
Mailing address
51 E CAMPBELL AVE UNIT #129, CAMPBELL, CA 95009-3006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2025
—
Santa Clara Valley Transportation A
Calm Down Crazy LLC
Grant Deed
—
Dec 21, 2023
—
Charles Strouss
Charles Strouss
Intrafamily Transfer
related
—
May 31, 2018
—
Calm Down Crazy LLC
—
Grant Deed
related
$5,150,000 · Jp Morgan Chase Bk
Apr 12, 2018
$10,600,000
Calm Down Crazy LLC
70 North Second Owner LLC
Grant Deed
$5,000,000 · 70 North Second Owner LLC
May 28, 2015
$3,250,000
70 North Second Owner LLC
Battenberg Family Trust
Grant Deed
$3,923,000 · Calmwater Real Estate Credit F
May 28, 2015
—
Lynn M Battenberg
Battenberg John N
Affidavit Of Death
related
—
Nov 16, 2009
—
Fillhardt Living Trust
Fillhardt,charles
Quit Claim Deed
related
—
Jul 7, 2008
—
Battenberg Family Living Trust
Battenberg,john & Lynn
Quit Claim Deed
related
—
May 23, 2007
—
Wright Family 1979 Trust
Wright,curtis & Joann
Quit Claim Deed
related
—
Mar 2, 2007
—
John Battenberg
B F & W Associates
Grant Deed
$1,650,000 · Washington Mutual Bank
—
—
Fillhardt Living Trust
—
Deed Of Trust
related
—
—
—
B F & W Associates
—
Deed Of Trust
related
$210,000 · Santa Clara Ltd
—
—
F & W Associates
—
Deed Of Trust
related
$1,300,000 · Bank Of The West
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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