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Property profile & analytics
OFF-MARKET
Estimated value
$3,945,000
Parking lots & garages
88 San Fernando St San Jose, CA 95113-2535
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3731669
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2008
Construction
STEEL FRAME
Total area
30,316 SF
Lot
0.01 ac (435 SF)
Zoning code
DC
APN
467-64-001
UPID
US09-3731669
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
-
The 88 Condominium Complex
-
Dine Lotto Department Store
-
Lee Insurance Services Insurance Agency
-
Harrington Search Inc. Employment Agency
-
Dígame Systems (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.95M
Owner & transaction history
Uc 88 Garage Oner LLC · 6 yrs held
Uc 88 Garage Oner LLC
since 2020
Last sale
$4.1M
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
Method
Estimation
Statistic approach
$3,805,000
ML approach
$3,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,300,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,855,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.95M
Range $3.55M – $4.34M · ±10% · vs last sale $4.10M (May 26 2020)
Last sale anchor
$4.10M
May 26 2020
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
$130 / 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
$18,276
Tax year 2024
Assessed value
$1,179,420
Assessed 2024
Previous assessed
$1,179,420
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$321,660
Assessed improvement
$857,760
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Total area
30,316 SF
Lot
0.01 ac (435 SF)
Zoning code
DC
APN
467-64-001
UPID
US09-3731669
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2008
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Uc 88 Garage Oner LLC
Entity
Mailing address
99 ALMADEN BLVD STE #840, SAN JOSE, CA 95113-1606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2020
$4,100,000
Uc 88 Garage Oner LLC
Mvp San Jose 8garage LLC
Grant Deed
$2,150,000 · Western Adventist Foundation
May 26, 2020
—
Owner Name Unavailable
Frank G Davenport
Affidavit Of Death
related
—
Jun 19, 2018
—
Mvp San Jose 88 Garage LLC
—
Trustees Deed
related
$2,500,000 · Felix Family Trust (pt)
Jun 15, 2016
$3,575,500
Mvp San Jose 88 Garage LLC
Successor Agency Of Redevelopment
Grant Deed
—
Aug 27, 2009
—
Redevelopment Agcy Of City/san Jo
Block 3 Dev Partners LLC
Grant Deed
related
—
—
—
Edward J Nowak
—
Deed Of Trust
related
$231,350 · Metlife Home Loans
—
—
Mvp San Jose 88 Garage LLC
—
Deed Of Trust
related
$2,500,000 · Felix Family Trust (ct)
—
—
Mvp San Jose 88 Garage LLC
—
Deed Of Trust
related
$2,200,000 · Owens Realty Mortgage INC Owens Realty Mortgage INC
—
—
Adriana Trenev
—
Deed Of Trust
related
$417,000 · Metlife Home Loans
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
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