Single-Story Mixed-Use
New
For Sale
$1,518,888
1336 Franklin ST, Santa Clara, CA 95050
The property combines salon/studio space with a residential dwelling near retail, restaurants, and public amenities.
Property Size3,410 SF
Days on Market6
Property Features for 1336 Franklin ST
General Information
Standard status
Active
Size
3,410 SF
Property subtype
CommercialProperty
Building Details
Building Size
3,410 SF
Year Built
1948
Stories
1
Tenancy
Multi
Listing Agency:
Realcom Associates
(408) 670-7788
Listed By:
Lauson Fargher · License #00872945
(408) 670-7788
Source:
Lynnnorth
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 26 at 6:22AM
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 Realcom Associates
Investment Insights
Based on property information with market context.
This 3,410-square-foot mixed-use property contains six studios or salons alongside one residential dwelling. The single-story building was constructed in 1948 and includes window or wall unit climate control. Tar-and-gravel roofing is listed among the exterior features.
Located at 1336 Franklin Street in Santa Clara, the property is near retail businesses, restaurants, Santa Clara University, Franklin Mall, and a library. The site does not provide off-street parking; public on-street parking serves the property.
Located at 1336 Franklin Street in Santa Clara, the property is near retail businesses, restaurants, Santa Clara University, Franklin Mall, and a library. The site does not provide off-street parking; public on-street parking serves the property.
Key Highlights
- 3,410‑square‑foot mixed‑use property at 1336 Franklin Street
- Six studios or salons plus one residential dwelling
- Single‑story building constructed in 1948
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
$92,109
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
6.06%
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%
$1,842,180
$1.8M
Cap Rate 7%
$1,315,843
$1.3M
Cap Rate 9%
$1,023,433
$1.0M
Market Conditions
NOI Build-Up for 3,410 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
$137.9K $40.44/SF
− Vacancy
−$6.3K −$1.85/SF
EGI
$131.6K $38.59/SF
− OpEx
−$39.5K −$11.58/SF
NOI
$92.1K $27.01/SF
Area
Santa Clara, 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%
$1,842,180
Cap Rate 7%
$1,315,843
Cap Rate 9%
$1,023,433
Alternative Uses
Best Use
Retail
$1.32M
$1.15M – $1.54M
NOI $92,109 @ 7.0% cap · market cap 6.06%
Second Best
Mixed Use
$1.17M
$1.02M – $1.37M
NOI $81,904 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,107 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,780
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
6,040 visits/mo
0.1 miles
Demographics for 95050, CA
39,031
Population
16,674
Households
2.3
Avg Household Size
35
Median Age
54%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
7,097
Density / Sq Mi
$130,051
Median Household Income
$73,578
Median Earnings
$2,522
Median Rent
$1,420,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines salon/studio space with a residential dwelling near retail, restaurants, and public amenities.
Where is this mixed-use property located?
The property is located at 1336 Franklin ST Santa Clara, CA.
What is the asking price?
The asking price for this property is $1,518,888.
What are key features of this property?
This property features: 3,410‑square‑foot mixed‑use property at 1336 Franklin Street; Six studios or salons plus one residential dwelling; Single‑story building constructed in 1948
