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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Day care centers
947 Saratoga Ave San Jose, CA 95129-2334
Entity Owned
9-yr Hold
Absentee Owner
Property ID
US09-3221301
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2022
Construction
WOOD
Total area
13,587 SF
Lot
0.85 ac (36,874 SF)
Zoning code
APDR1
APN
381-12-127
UPID
US09-3221301
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Morningstar Education Group LLC · 9 yrs held
Morningstar Education Group LLC
since 2016
6 recorded transactions
Zoning & alternative use
APDR1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$74 / 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
$88,614
Tax year 2024
Assessed value
$7,117,326
Assessed 2024
Previous assessed
$7,117,326
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,605,626
Assessed improvement
$4,511,700
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 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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2022
Construction
WOOD
Heating
YES
Stories
2
Units
1
Rooms
8
Bathrooms
1
Total area
13,587 SF
Lot
0.85 ac (36,874 SF)
Zoning code
APDR1
APN
381-12-127
UPID
US09-3221301
Jurisdiction
SANTA CLARA
Zoning & alternative use
APDR1 · San Jose, CA
Zoning APDR1 · permitted uses
APDR1 · 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.
Building & site characteristics
From public records
Year built
2022
Construction
WOOD
Heating
YES
Stories
2
Units
1
Rooms
8
Bathrooms
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Morningstar Education Group LLC
Entity
Mailing address
272 CREEKSIDE DR, PALO ALTO, CA 94306-4506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2021
—
Morningstar Education Group LLC
—
Deed
related
$4,700,000 · Comerica Bank
Dec 16, 2016
$2,300,000
Morningstar Education Group LLC
Jln House LLC
Grant Deed
$1,530,000 · Grand Pacific Financing Corporation
Dec 16, 2016
$1,700,000
Jln House LLC
Tressler Trust
Grant Deed
—
May 2, 2012
—
Perry Elsie J Tr
Tressler Elsie A
Grant Deed
related
—
Sep 20, 2006
—
Tressler Trust
Tressler,elsie
Quit Claim Deed
related
—
Jun 13, 2006
—
Elsie Tressler
Elsie Alice Tressler
Intrafamily Transfer
related
$500,000 · Washington Mutual Bank Fa
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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