Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    850 Calhoun St San Jose, CA 95116

    Sponsored
    For Sale
    $3,250,000

    Craftsman, Multiple Dwellings / Structures - SAN JOSE, CA

    Property size:
    938 SF
    Lot size:
    0.72 Acres
    Days on Market:
    199
    Last Refresh:
    Jan 24 at 1:06 am

    Property Features for 850 Calhoun St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Gate, Security Lighting
    Zoning
    R3
    Rooms
    Kitchen
    Parking
    100
    Parking features
    Garage, On Street, Oversized, Workshop
    Interior features
    None
    Exterior features
    Security Lights
    Fencing
    Gate
    Appliances
    Oven - Gas, Range, Range - Gas
    Size
    938 SF
    Lot size
    0.72 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1898
    Flooring type
    Laminate
    Roof type
    Shingle
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Ernesto Martinez
    Ernesto Martinez

    Hillview International Inc (408) 888-8133

    Listing agent Ernesto Martinez (408) 755-5972 License #01957648

    Listing date Jul 10, 2025

    MLS# ML82014259 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    San Jose Redevelopment Opportunity

    This 0.72-acre parcel, located in San Jose's Downtown area, presents a rare redevelopment opportunity. Zoned R3, the property includes two remodeled units and a small warehouse that can be rented while project plans are developed. A recently entitled Stamp Survey Map and Feasibility Study are available, with a suggested SB 10 or SB 330 housing project preliminary. There is a possible plan of up to 21-30 units based on the city-approved density of 30 units per acre. The location offers easy access to numerous amenities, San Jose State University, and is a 1-minute walk to Santa Clara St. The surrounding area features retail businesses and public transportation within walking distance. The property is near Downtown San Jose, the 101 freeway, and Google's planned Downtown. SB 330 offers a streamlined review process and limitations on new regulations that can lead to faster project approvals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cambrian Construction General Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.8727302
    Latitude
    37.3433192

    Nearby Similar for Sale

    • $859,000
      1,695 SF

      Medical Office Condo Near Hospital

      Move-in ready medical office condo near Regional Medical Center.
      200 Jose Figueres Ave, San Jose, CA 95116
      View Details
    • $520,000
      1,216 SF

      Versatile Commercial Condo in San Jose

      Flexible 1,216 sq ft condo in a prime San Jose location.
      2050 Concourse Dr, San Jose, CA 95131
      View Details
    • $6,900,000
      17,036 SF

      San Jose Commercial Property Opportunity

      Commercial property near downtown San Jose, ideal for medical or school.
      480 N 1St St, San Jose, CA 95112
      View Details
    • $2,485,000
      3,158 SF

      San Jose Multifamily Investment Opportunity

      Multifamily property in San Jose near Cupertino schools and Apple campus.
      5011 Lapa Dr, San Jose, CA 95129
      View Details
    • $1,950,000
      2,992 SF

      San Jose Fourplex in Northlake

      Well-maintained fourplex in West San Jose with strong income potential.
      551 Northlake Dr, San Jose, CA 95117
      View Details
    • $2,500,000
      6,536 SF

      Downtown San Jose Multifamily Investment

      13-unit multifamily property with value-add potential in downtown San Jose.
      358 N 7Th St, San Jose, CA 95112
      View Details
    • $2,098,000
      3,584 SF

      Well-Maintained Fourplex in West San Jose

      Fourplex in West San Jose with immediate cash flow.
      3691 Cape Cod Ct, San Jose, CA 95117
      View Details
    • $188,888
      1,100 SF

      Turn-Key Dental Office Opportunity

      Professionally built-out dental office in high-traffic San Jose location.
      1692 Tully Rd, San Jose, CA 95122
      View Details
    • New
      $699,000
      3,264 SF

      Established Restaurant in Willow Glen

      Turnkey breakfast and brunch restaurant with loyal neighborhood following.
      860 Willow St, San Jose, CA 95125
      View Details
    • $1,899,999
      3,578 SF

      San Jose Commercial Building For Sale

      Commercial building in a bustling shopping center, many possibilities!
      2268 Senter Rd, San Jose, CA 95112
      View Details
    • $2,100,000
      2,988 SF

      San Jose Multifamily Investment Opportunity

      Six-unit property near Westfield Valley Fair and major employers.
      2129 Randolph Dr, San Jose, CA 95128
      View Details
    • $3,275,000
      8,730 SF

      Newhall Multifamily Investment Opportunity

      Eight-unit apartment building in the heart of Newhall, California.
      24522 Chestnut St, Newhall, CA 91321
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.72-acre parcel zoned R3 in San Jose's Downtown.
    Where is this residential land & home lot located?
    The property is located at 850 Calhoun St San Jose, CA.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - 0.72-acre parcel zoned R3 in Downtown San Jose, ideal for redevelopment.; - Potential for **21-30 housing units** due to city-approved density and housing shortage.; - **SB 330 eligibility** allows for faster project approval and streamlined review.
    (408) 420-5268
    Request Owner's contact information
    850 Calhoun St San Jose, CA 95116
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    850 Calhoun St
    San Jose, CA 95116
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    850 Calhoun St San Jose, CA 95116
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ernesto Martinez
    Ernesto Martinez
    Real Estate License ID: 01957648
    (408) 420-5268
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.