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    Property profile & analytics

    972 Elm St San Jose, CA 95126

    • Commercial real estate
    • 0.43 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-2616430
    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

    • Commercial real estate

    Property Details for 972 Elm St

    Lot size
    0.43 lot acres
    Property type
    Commercial real estate
    APN
    230-41-025-00

    Description

    This exceptional 0.43-acre commercial land parcel in San Jose, California, presents a unique redevelopment opportunity. Located in the desirable College Park area, this property is zoned R-1 and boasts an approved Tentative Map for eight single-family homes, each projected to be 2,000 square feet or more. The site's prime location offers unparalleled convenience, situated within walking distance of Bellarmine College Preparatory High School, San Jose Diridon Station, the SAP Center, and the Downtown West Village project. Surrounded by significant ongoing development, this land offers investors and developers a chance to capitalize on a thriving neighborhood. The project is free from low-income housing requirements and HOA fees, maximizing potential returns. This straightforward, entitled project eliminates many typical development hurdles, streamlining the process. All relevant reports are available for review. The property's APN is 230-41-025-00, and its address is 972 Elm St, San Jose, CA 95126. This is an exceptional investment opportunity in a rapidly growing area of San Jose. The property's latitude and longitude coordinates are 37.3443565, -121.9214719 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.9214719
    Latitude
    37.3443565

    Comparable in this City

    • Contact for pricing

      San Jose Hotel and Land

      Two-story, 55-room hotel with restaurant on 1.48-acre corner parcel.
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      San Jose Commercial Land Opportunity

      7,816 SF Lot, Redevelopment Potential
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      San Jose Land Opportunity

      Land for sale in San Jose, corner lot.
      909 Park Ave, San Jose, CA 95126
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      San Jose Multifamily Investment

      8-Unit Apartment Building, High NOI
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      Leased Retail and Residential Investment

      Fully leased mixed-use property near downtown Willow Glen and San Jose.
      801-809 Lincoln Ave, San Jose, CA 95126
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    • $2,880,000
      6,244 SF

      Mixed-Use Property Near Diridon Station

      Mixed-use property with retail, apartments, and a single-family home.
      32 Race St, San Jose, CA 95126
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      San Jose Hotel and Land

      Two-story, 55-room hotel with restaurant on 1.48-acre corner parcel.
      1860 The Alameda, San Jose, CA 95126
      View Details
    • $1,150,000

      San Jose Commercial Land Opportunity

      7,816 SF Lot, Redevelopment Potential
      909 Park Ave, San Jose, CA 95126
      View Details
    • $888,000

      San Jose Land Opportunity

      Land for sale in San Jose, corner lot.
      909 Park Ave, San Jose, CA 95126
      View Details
    • Contact for pricing
      5,811 SF

      San Jose Multifamily Investment

      8-Unit Apartment Building, High NOI
      907 Delbert Way, San Jose, CA 95126
      View Details
    • $4,408,456
      7,825 SF

      Leased Retail and Residential Investment

      Fully leased mixed-use property near downtown Willow Glen and San Jose.
      801-809 Lincoln Ave, San Jose, CA 95126
      View Details
    • $2,880,000
      6,244 SF

      Mixed-Use Property Near Diridon Station

      Mixed-use property with retail, apartments, and a single-family home.
      32 Race St, San Jose, CA 95126
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      San Jose Land with Office

      0.56 acres of land with small office for lease.
      1131 Auzerais Ave, San Jose, CA 95126
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    • Contact for pricing
      32,895 SF

      Retail Space in San Jose

      Retail space available in San Jose, California.
      1097 Leigh Ave, San Jose, CA 95126
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    • $1.85 SF/Yr
      1,306 SF

      San Jose Office Space Available

      Second floor office space with patio in San Jose.
      1401 W San Carlos St, San Jose, CA 95126
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    • $1.80 SF/Yr
      4,252 SF

      San Jose Warehouse with Fenced Parking

      Warehouse space available now with fenced parking and roll-up door.
      810 Park Ave, San Jose, CA 95126
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    • 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
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    • $31 SF/Yr
      3,600 SF

      San Jose Retail Space - 1200 SF

      Prime San Jose storefront: 1200 sq ft, high ceilings, patio.
      973 Park Ave, San Jose, CA 95126
      View Details
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    972 Elm St
    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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