New Mixed-Use
For Sale
Contact for pricing
14521 Big Basin Way, Saratoga, CA 95070
Recently constructed commercial space positioned within Downtown Saratoga’s retail and dining environment.
Property Size7,694 SF
Price / SF$935.79
Days on Market105
Property Features for 14521 Big Basin Way
General Information
Standard status
Active
Size
7,694 SF
Property subtype
Mixed Use
Investment Type
Stabilized
Building Details
Year Built
2023
Buildings
2
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Palo Alto
(650) 391-1807
Listed By:
Yuri Sergunin, CCIM · License #01908322
Source:
Crexi
Added: May 19
Changed: Aug 30
Last Checked: Aug 30 at 6:42PM
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 Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
The mixed-use property at 14521 Big Basin Way in Saratoga, California, contains 7,694 square feet and was completed in 2023. Its recent construction provides a contemporary commercial asset within an established downtown setting.
The property is situated in Silicon Valley, with access to major technology hubs and prestigious schools. Downtown Saratoga includes boutique retail, restaurants, and cafes, while nearby parks and scenic surroundings contribute to a blend of commercial activity and small-town character.
The property is situated in Silicon Valley, with access to major technology hubs and prestigious schools. Downtown Saratoga includes boutique retail, restaurants, and cafes, while nearby parks and scenic surroundings contribute to a blend of commercial activity and small-town character.
Key Highlights
- 7,694‑square‑foot mixed‑use property
- Completed in 2023
- Located at 14521 Big Basin Way, Saratoga, CA 95070
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
$207,826
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
2.89%
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%
$4,156,520
$4.2M
Cap Rate 7%
$2,968,943
$3.0M
Cap Rate 9%
$2,309,178
$2.3M
Market Conditions
NOI Build-Up for 7,694 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
$311.1K $40.44/SF
− Vacancy
−$14.3K −$1.85/SF
EGI
$296.9K $38.59/SF
− OpEx
−$89.1K −$11.58/SF
NOI
$207.8K $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%
$4,156,520
Cap Rate 7%
$2,968,943
Cap Rate 9%
$2,309,178
Alternative Uses
Best Use
Retail
$2.97M
$2.60M – $3.46M
NOI $207,826 @ 7.0% cap · market cap 2.89%
Second Best
Mixed Use
$1.90M
$1.66M – $2.21M
NOI $132,722 @ 7.0% cap · market cap 1.84%
Theoretical Best
Office A
$4.64M
$4.06M – $5.42M
NOI $325,149 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
76
Shops & Services
13,533 visits/mo
0.3 miles
Chase Bank
Shops & Services
3,076 visits/mo
0.2 miles
Demographics for 95070, CA
32,419
Population
11,849
Households
2.7
Avg Household Size
49
Median Age
81%
College-Educated
97%
High-School Grad
28.3 sq mi
ZIP Area
1,146
Density / Sq Mi
$240,980
Median Household Income
$132,780
Median Earnings
$3,501
Median Rent
$2,000,001
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 - Recently constructed commercial space positioned within Downtown Saratoga’s retail and dining environment.
Where is this mixed-use property located?
The property is located at 14521 Big Basin Way Saratoga, CA.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: 7,694‑square‑foot mixed‑use property; Completed in 2023; Located at 14521 Big Basin Way, Saratoga, CA 95070
