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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Industrial properties
923 Berryessa Rd San Jose, CA 95133-1002
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2463274
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2002
Total area
11,157 SF
Lot
0.6 ac (25,997 SF)
Zoning code
M4
APN
241-08-016
UPID
US10-2463274
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
-
Ocular Laboratories Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Mark C Kim · 12 yrs held
Mark C Kim
since 2014
7 recorded transactions
Zoning & alternative use
M4 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,105,000
6.5%
$2,865,000
7%
$2,660,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,295,000
Current use
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±10%
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
$187 / 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
$33,073
Tax year 2024
Assessed value
$2,583,921
Assessed 2024
Previous assessed
$2,583,921
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,322,006
Assessed improvement
$1,261,915
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2002
Heating
NONE
Cooling
YES
Stories
1
Total area
11,157 SF
Lot
0.6 ac (25,997 SF)
Zoning code
M4
APN
241-08-016
UPID
US10-2463274
Jurisdiction
SANTA CLARA
Zoning & alternative use
M4 · San Jose, CA
Zoning M4 · permitted uses
M4 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
INDUSTRIAL (GENERAL) Current
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
2002
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Mark C Kim
Individual
Free & Clear · 12 yrs held
Mailing address
2215 EATON AVE, SAN CARLOS, CA 94070-4518
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2014
—
Mark C Kim
Park,sun M
Quit Claim Deed
related
—
Jun 16, 2014
$2,150,000
Izmirian,richard J Trust
Kim Family Trust
Grant Deed
—
Apr 9, 2013
—
Kim Family Trust
Kim,robert C
Quit Claim Deed
related
—
Dec 31, 2012
—
Mark C Kim
Kim,dong K
Quit Claim Deed
related
—
Feb 27, 2012
—
Kim Family Trust
Kim,dong K & Soon J
Quit Claim Deed
related
—
Jul 21, 2008
—
Hytek Designs
Linebaugh Orejel & Tran INC
Quit Claim Deed
related
—
Jul 21, 2008
$1,473,000
Dong K Kim
Hytek Designs
Grant Deed
—
Nov 22, 2002
$2,218,500
Hytek Designs
Berryessa Development Co LLC
Grant Deed
$2,340,000 · Placer Sierra Bank
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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