Fenced Patio Retail
For Sale
$479,000
14598 Big Basin Way, Saratoga, CA 95070
Retail condominium with an in-front fenced patio, sold as part of a two-unit package with separate APNs.
Property Size528 SF
Price / SF$907.20
Days on Market197
Property Features for 14598 Big Basin Way
General Information
Standard status
Active
Size
528 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1999
Listing Agency:
Montalvo Realty
(408) 877-6000
Listed By:
Ismar Maslic · License #01313976
(408) 877-6000
Source:
Exitrealty
Added: Jan 28
Changed: Aug 8
Last Checked: Jun 24 at 4:04AM
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 Montalvo Realty
Investment Insights
Based on property information with market context.
This retail condominium is offered as one of two connected units, with Unit B required to be sold together with neighboring Unit A. The space is currently occupied by a custom homes design studio, which is expected to vacate soon. As presented, Unit B includes a welcoming fenced patio right out front, providing an outdoor area directly at the storefront. Each unit has a separate APN, supporting independent identification within the two-unit offering.
The property is located at 14598 Big Basin Way in Saratoga’s village district. Its retail setting along Big Basin Way is intended to support walk-in and pass-by activity, with the fenced patio positioned immediately at the front of the unit.
For tenants, buyers, or owners seeking a retail-ready storefront with an outdoor component, this condominium format can be a practical fit. The unit’s inclusion in a two-unit sale means purchasers should consider operating plans alongside Unit A, while the separate APNs provide distinct parcel identification for each unit within the package.
The property is located at 14598 Big Basin Way in Saratoga’s village district. Its retail setting along Big Basin Way is intended to support walk-in and pass-by activity, with the fenced patio positioned immediately at the front of the unit.
For tenants, buyers, or owners seeking a retail-ready storefront with an outdoor component, this condominium format can be a practical fit. The unit’s inclusion in a two-unit sale means purchasers should consider operating plans alongside Unit A, while the separate APNs provide distinct parcel identification for each unit within the package.
Key Highlights
- Approximately 500 sq ft retail condominium on Big Basin Way in Saratoga
- Part of a two‑unit package sold together with neighboring Unit A
- Each unit has a separate APN
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
$14,262
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
2.98%
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%
$285,240
$285.2K
Cap Rate 7%
$203,743
$203.7K
Cap Rate 9%
$158,467
$158.5K
Market Conditions
NOI Build-Up for 528 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
$21.4K $40.44/SF
− Vacancy
−$978 −$1.85/SF
EGI
$20.4K $38.59/SF
− OpEx
−$6.1K −$11.58/SF
NOI
$14.3K $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%
$285,240
Cap Rate 7%
$203,743
Cap Rate 9%
$158,467
Alternative Uses
Best Use
Retail
$203.7K
$178.3K – $237.7K
NOI $14,262 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.8K
$278.9K – $371.9K
NOI $22,313 @ 7.0% cap · market cap 4.66%
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?
Retail space - Retail condominium with an in-front fenced patio, sold as part of a two-unit package with separate APNs.
Where is this retail space located?
The property is located at 14598 Big Basin Way Saratoga, CA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Approximately 500 sq ft retail condominium on Big Basin Way in Saratoga; Part of a two‑unit package sold together with neighboring Unit A; Each unit has a separate APN
