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Property profile & analytics
OFF-MARKET
Estimated value
$35,010,000
Warehouses
900 Lonus St San Jose, CA 95126-3713
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2355113
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
WOOD
Total area
105,015 SF
Lot
4.49 ac (195,584 SF)
Zoning code
C1
APN
264-11-095
UPID
US09-2355113
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
-
Near2Me Storage Units Storage Facility
-
Near2Me Self Storage Units Storage Facility
-
SecureSpace Self Storage San Jose Lonus Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$32.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.01M
Owner & transaction history
900 Lonus St LLC · 3 yrs held
900 Lonus St LLC
since 2022
Last sale
$37.7M
7 recorded transactions
Zoning & alternative use
C1 · 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
$31,815,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,475,000
6.5%
$32,745,000
7%
$30,405,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$48,055,000
Current use
APARTMENT HOUSE (5+ UNITS)
$39,795,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$35.01M
Range $31.51M – $38.51M · ±10% · vs last sale $37.74M (Aug 10 2022)
Last sale anchor
$37.74M
Aug 10 2022
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
$333 / 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
$444,879
Tax year 2024
Assessed value
$38,301,000
Assessed 2024
Previous assessed
$38,301,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$11,974,800
Assessed improvement
$26,326,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
984
Total area
105,015 SF
Lot
4.49 ac (195,584 SF)
Zoning code
C1
APN
264-11-095
UPID
US09-2355113
Jurisdiction
SANTA CLARA
Zoning & alternative use
C1 · San Jose, CA
Zoning C1 · permitted uses
C1 · 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
WAREHOUSE, STORAGE Current
Est. value
$48.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$39.8M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1988
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
984
Lot
4.49 ac
Current owner
From public records · entity-resolved
900 Lonus St LLC
Entity
Mailing address
19191 S VERMONT AVE STE #680, TORRANCE, CA 90502-1140
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Feb 11, 2026
—
900 Lonus St LLC
—
Deed
related
—
Aug 10, 2022
$37,738,500
900 Lonus St LLC
Pg Cactus San Jose I LLC
Grant Deed
$183,410,000 · Pgim Real Estate Finance LLC
Apr 8, 2014
$15,699,750
Pg Cactus San Jose I LLC
The Sobrato Family Foundation
Grant Deed
$8,350,000 · Citigroup Global Markets Realty Cor
Dec 27, 2013
—
Sobrato Family Foundation
Si 38 LLC
Grant Deed
—
Oct 4, 2010
—
Si 38 LLC
Sobrato Group
Grant Deed
—
—
—
Sobrato Group
—
Deed Of Trust
related
$5,942,143 · Principal Life Insurance Co
—
—
Sobrato Group
—
Deed Of Trust
related
$5,942,143 · Principal Life Insurance Co
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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