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    Property profile & analytics

    909 Park Ave San Jose, CA 95126

    • Retail space
    • 5,040 SF
    • 0.16 lot acres
    For Sale
    View listing
    $1,150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1712310
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 909 Park Ave

    Year built
    1948
    Lot size
    0.16 lot acres
    Property size
    5,040 SF
    Zone code
    M1
    Property type
    Retail space
    APN
    261-31-057
    APU
    26131057

    Description

    This exceptional 7,816 square foot commercial land parcel, located at 909 Park Avenue in San Jose, California (zip code 95126), presents a unique redevelopment opportunity. Currently zoned M1, the property is being offered at land value, priced at $1,150,000 ($147.13/SF). The site, identified by APN 261-31-057, sustained significant fire damage and requires complete reconstruction. This presents a blank canvas for a visionary developer to create a new commercial project tailored to the needs of the vibrant San Jose market. Given its size and location within Santa Clara County, this property offers substantial potential for a variety of commercial uses, subject to necessary permits and approvals. The property's strategic location provides excellent access to major transportation arteries and a thriving business community. Investors seeking a high-impact project with significant upside will find this a compelling investment. Serious inquiries are encouraged to explore the possibilities of this prime San Jose commercial land. The property is sold as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $219,000
      Market price range: $219k - $954k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.908
    Latitude
    37.3264
    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
    2022
    $0.00
    $222,526
    $0.00
    $222,526
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $270,000
      0.22 Acres

      597 San Carlos St

      RETAIL STORES (PERSONAL SERVICES) • 0.22 Acres
      597 San Carlos St, San Jose, CA 95126-3649
      View Details
    • Value Estimation
      $220,000
      14,100 SF

      1399 San Carlos St

      RETAIL STORES (PERSONAL SERVICES) • 14,100 SF
      1399 San Carlos St, San Jose, CA 95126-3446
      View Details
    • Value Estimation
      $275,000
      796 SF

      356 Royal Ave

      RETAIL STORES (PERSONAL SERVICES) • 796 SF
      356 Royal Ave, San Jose, CA 95126-3520
      View Details
    • Value Estimation
      $870,000
      48,499 SF

      720 San Carlos St

      RETAIL STORES (PERSONAL SERVICES) • 48,499 SF
      720 San Carlos St, San Jose, CA 95126-3524
      View Details
    • Value Estimation
      $135,000
      0.87 Acres

      741 Auzerais Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.87 Acres
      741 Auzerais Ave, San Jose, CA 95126-3504
      View Details
    • Value Estimation
      $230,000
      3,622 SF

      393 Lincoln Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,622 SF
      393 Lincoln Ave, San Jose, CA 95126-3413
      View Details

    Similar Nearby for Sale

    • $2,880,000
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    Similar Nearby for Lease

    • Contact for pricing
      1,196 SF

      Retail Space on Park Avenue

      Retail space available for lease in San Jose, CA.
      1731-1749 Park Ave, San Jose, CA 95126
      View Details
    • Contact for pricing
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      Retail Space in Mixed-Use Development

      Retail space available in a mixed-use development with parking.
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      Retail Space Near SAP Center

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      Retail Space on The Alameda

      Retail unit available in high-identity San Jose location.
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    • $60 SF/Yr
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      San Jose Retail Opportunity

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

    More about this property
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