Retail Condominium with Front
For Sale
$479,000
14598 Big Basin WAY B, Saratoga, CA 95070
Standalone retail condo offered as part of a two-unit package, with a fenced patio at the entrance.
Property Size528 SF
Price / SF$958
Days on Market222
Property Features for 14598 Big Basin WAY B
General Information
Standard status
Active
Size
528 SF
Property subtype
CommercialProperty
Building Details
Building Size
528 SF
Year Built
1999
Listing Agency:
Montalvo Realty
Listed By:
Ismar Maslic · License #01313976
(408) 877-6000
Source:
Jen-marley
Added: Jan 27
Changed: Sep 5
Last Checked: Aug 16 at 5:18AM
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.
14598 Big Basin Way #B is a retail condominium space of approximately 500 square feet, offered as part of a rare two-unit offering. Unit B must be sold together with neighboring Unit A, and each unit has a separate APN. The current tenant operates a custom homes design studio and is scheduled to vacate soon, providing a clean transition for the next user or owner. The unit includes a welcoming fenced patio directly out front.
The property is located along Big Basin Way in Saratoga’s village district, designed for storefront-style access and visibility to pedestrians and passersby. The patio at the entrance is positioned to support an active streetscape presence.
For buyers or tenants seeking a compact retail footprint with an exterior patio feature, Unit B offers a straightforward, storefront-oriented setup. It may also appeal to investors evaluating the two-unit structure, since Unit B is packaged for sale with Unit A while maintaining separate APNs for each condo unit.
The property is located along Big Basin Way in Saratoga’s village district, designed for storefront-style access and visibility to pedestrians and passersby. The patio at the entrance is positioned to support an active streetscape presence.
For buyers or tenants seeking a compact retail footprint with an exterior patio feature, Unit B offers a straightforward, storefront-oriented setup. It may also appeal to investors evaluating the two-unit structure, since Unit B is packaged for sale with Unit A while maintaining separate APNs for each condo unit.
Key Highlights
- Approximately 500 SF retail condominium, built in 1999
- Offered as Unit B in a two‑unit package; must be 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
$13,506
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
2.82%
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%
$270,120
$270.1K
Cap Rate 7%
$192,943
$192.9K
Cap Rate 9%
$150,067
$150.1K
Market Conditions
NOI Build-Up for 500 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
$20.2K $40.44/SF
− Vacancy
−$926 −$1.85/SF
EGI
$19.3K $38.59/SF
− OpEx
−$5.8K −$11.58/SF
NOI
$13.5K $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%
$270,120
Cap Rate 7%
$192,943
Cap Rate 9%
$150,067
Alternative Uses
Best Use
Retail
$192.9K
$168.8K – $225.1K
NOI $13,506 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.9K
$264.1K – $352.2K
NOI $21,130 @ 7.0% cap · market cap 4.41%
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
Balanced
Demand for This Use
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?
Storefront property - Standalone retail condo offered as part of a two-unit package, with a fenced patio at the entrance.
Where is this storefront property located?
The property is located at 14598 Big Basin WAY B 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 SF retail condominium, built in 1999; Offered as Unit B in a two‑unit package; must be sold together with neighboring Unit A; Each unit has a separate APN
