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    1020 5Th St, Unit SAN JOSE San Jose, CA 95112

    For Sale
    $2,980,000

    Four vacant lots zoned R2, development potential in Silicon Valley.

    Property Features for 1020 5Th St

    General Information

    Standard status
    Active

    Source: MARCUS & MILLICHAP Agent CARLOS AZUCENA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    San Jose Development Opportunity

    Located at 1020 N. 5th Street in San Jose, CA, this property comprises four vacant lots zoned R2, offering significant development potential in the heart of Silicon Valley. The combined square footage allows for the development of 10 total units, pending buyer verification. This presents an ideal opportunity for investors or developers to introduce new inventory into a lucrative real estate market. The location is just minutes from the Golden Triangle, North San Jose's tech hub, which hosts over 30 major technology companies employing over 81,000 people.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

    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
    -121.9011905
    Latitude
    37.3575431

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    FAQs

    What type of property is this?
    Land - Four vacant lots zoned R2, development potential in Silicon Valley.
    Where is this land located?
    The property is located at 1020 5Th St, Unit SAN JOSE San Jose, CA.
    What is the asking price?
    The asking price for this property is $2,980,000.
    What are key features of this property?
    This property features: - Significant development potential with R2 zoning.; - Combined lots allow for development of up to 10 units (buyer to verify).; - Prime location in the heart of Silicon Valley.
    (650) 391-1700
    Request Owner's contact information
    1020 5Th St, Unit SAN JOSE San Jose, CA 95112
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    Realmo Value Estimation

    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.

    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.

    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
    1020 5Th St, Unit SAN JOSE San Jose, CA 95112
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