Building Details

Building Size 4,240 SF

Year Built 1976

Stories 1

Listing Agency: Intero Real Estate Services d***@interorealestate.com Show Phone

Listed By: Daniel Gluhaich · License #00963076 Show Phone

Source: Elliman

Added: Aug 12 Changed: Aug 13 Last Checked: Aug 13 at 6:46AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Intero Real Estate Services

Investment Insights

Based on property information with market context.

Set on 1.8 acres, this multifamily property includes two separate residences and an approximately 1,200-square-foot commercial antique store. The primary home provides four bedrooms, two bathrooms, and approximately 1,800 square feet of living space. A second residence adds three bedrooms, two bathrooms, and approximately 1,500 square feet. The property was built in 1976.

Parking is available on site, with additional space for RVs, boats, and other recreational equipment. Tenant agreements are month to month, providing an existing occupancy structure. The combination of multiple residences and a commercial component offers a varied property configuration for residential and business use.

Key Highlights

• 1.8‑acre multifamily property with two separate homes
• Primary residence has 4 bedrooms, 2 bathrooms, and approximately 1,800 SF
• Second home includes 3 bedrooms, 2 bathrooms, and approximately 1,500 SF

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$114,529

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.18%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$2,290,580 $2.3M

Cap Rate 7%

$1,636,129 $1.6M

Cap Rate 9%

$1,272,544 $1.3M

Market Conditions

NOI Build-Up for 4,240 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$171.5K $40.44/SF

− Vacancy

−$7.9K −$1.85/SF

EGI

$163.6K $38.59/SF

− OpEx

−$49.1K −$11.58/SF

NOI

$114.5K $27.01/SF

Area

Santa Clara County, CA

Vacancy

4.58%

Lease Rate

$40.44 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$2,290,580

Cap Rate 7%

$1,636,129

Cap Rate 9%

$1,272,544

Alternative Uses

Best Use

Retail

$1.64M

$1.43M – $1.91M (±1% cap)

NOI $114,529 @ 7.0% cap · market cap 7.18%

Second Best

Apartment 5plus

$1.15M

$1.01M – $1.34M (±1% cap)

NOI $80,594 @ 7.0% cap · market cap 5.05%

Theoretical Best

Office A

$2.56M

$2.24M – $2.99M (±1% cap)

NOI $179,183 @ 7.0% cap · market cap 11.23%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Nail Salon Big Box & Wholesale Store Restaurant Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

213

Businesses Nearby

Explore this area Business Placement

Demographics for 95046, CA

6,361

Population

2,048

Households

3.1

Avg Household Size

43

Median Age

36%

College-Educated

90%

High-School Grad

18.8 sq mi

ZIP Area

338

Density / Sq Mi

$157,458

Median Household Income

$43,832

Median Earnings

$2,312

Median Rent

$1,396,600

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - The property includes two homes, a commercial space, parking, and room for RVs and boats.

Where is this multifamily property located?

The property is located at 13350 Kimble Ct San Martin, CA.

What is the asking price?

The asking price for this property is $1,595,000.

What are key features of this property?

This property features: 1.8‑acre multifamily property with two separate homes; Primary residence has 4 bedrooms, 2 bathrooms, and approximately 1,800 SF; Second home includes 3 bedrooms, 2 bathrooms, and approximately 1,500 SF