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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    915 Commercial St San Jose, CA 95112-1440

    • Warehouses
    • 19,600 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1800364
    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

    • Western Widgets / Machine Shop
    • United Construction / General Contractor

    Property Details for 915 Commercial St

    Year built
    1966
    Construction
    TILT-UP CONCRETE
    Lot size
    1.00 lot acres
    Property size
    19,600 SF
    Zone code
    HI
    Property type
    Warehouses
    APN
    241-11-003
    APU
    24111003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $371,000
      Market price range: $158k - $1.61M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.888
    Latitude
    37.3675
    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
    $956,601
    $683,286
    $1,639,887
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $370,000
      4.88 Acres

      San Jose, CA 95112

      STORAGE YARD, OPEN STORAGE • 4.88 Acres
      San Jose, CA 95112
      View Details
    • Value Estimation
      $455,000
      103,970 SF

      1900 10th St

      WAREHOUSE, STORAGE • 103,970 SF
      1900 10th St, San Jose, CA 95112-4110
      View Details
    • Value Estimation
      $255,000
      84,699 SF

      401 Santa Ana Ave

      WAREHOUSE, STORAGE • 84,699 SF
      401 Santa Ana Ave, San Jose, CA 95112-2982
      View Details
    • Value Estimation
      $925,000
      37,500 SF

      1198 5th St

      WAREHOUSE, STORAGE • 37,500 SF
      1198 5th St, San Jose, CA 95112
      View Details
    • Value Estimation
      $465,000
      121,722 SF

      1700 Jct Ct

      WAREHOUSE, STORAGE • 121,722 SF
      1700 Jct Ct, San Jose, CA 95112-1046
      View Details
    • Value Estimation
      $215,000
      0.71 Acres

      2096 7th St

      STORAGE YARD, OPEN STORAGE • 0.71 Acres
      2096 7th St, San Jose, CA 95112-6010
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.03 Acres

      San Jose Industrial Property

      1.03-Acre Warehouse, Heavy Industrial Zoning
      326 Phelan Ave, San Jose, CA 95112
      View Details
    • $5,000,000
      15,124 SF

      Prime San Jose Industrial Building

      15,124 SF Warehouse/Office, $5M
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    • $3,750,000
      13,338 SF

      San Jose Warehouse For Sale

      13,338 SF warehouse with investment or owner/user potential.
      1376 N 4Th St, San Jose, CA 95112
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    • $2,000,000
      5,000 SF

      San Jose Warehouse with Yard

      5,000 SF warehouse with yard space for sale.
      1772 S 7Th St, San Jose, CA 95112
      View Details
    • $2,250,000
      6,500 SF

      San Jose Warehouse For Sale

      6,500 SF warehouse with 800 amps power.
      1522 Berger Dr, San Jose, CA 95112
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    • $4,000,000
      14,490 SF

      San Jose Warehouse For Sale

      14,490 SF warehouse property in San Jose, California.
      1150-1164 Old Bayshore Hwy, San Jose, CA 95112
      View Details

    Similar Nearby for Lease

    • $1.50 SF/Yr
      1,600 SF

      San Jose Flex Space Available

      Flex space with office and warehouse components for lease.
      1450 Koll Cir, San Jose, CA 95112
      View Details
    • $1.85 SF/Yr
      3,261 SF

      San Jose Flex Space Available

      Flex space with office, roll-up door, and ample power.
      1099 N 5Th St, San Jose, CA 95112
      View Details
    • $28 SF/Yr
      12,410 SF

      San Jose Freestanding Industrial Building

      12,410 SF freestanding building with secure fenced yard.
      1452 N 4Th St, San Jose, CA 95112
      View Details
    • $1.60 SF/Yr
      3,369 SF

      San Jose Flex Space Available

      Flex space available now with warehouse option in San Jose.
      911 Bern Ct, San Jose, CA 95112
      View Details
    • $0.99 SF/Yr
      29,670 SF

      San Jose Warehouse with Office

      29,670 SF warehouse with 8,500 SF office space.
      1800 S 10Th St, San Jose, CA 95112
      View Details
    • $1.15 SF/Yr
      23,236 SF

      San Jose Warehouse Space Available

      Warehouse space available now with docks and ample parking.
      1030 Commercial St, San Jose, CA 95112
      View Details
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    915 Commercial St
    San Jose, CA 95112-1440
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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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