Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    1600 Saratoga Ave San Jose, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available within a large shopping and entertainment center.

    Type:RETAIL
    Property size:
    3,086 SF
    Lot size:
    55.64 Acres
    Added:
    May 5, 2025
    Days on Market:
    360
    Last Refresh:
    Apr 5 at 9:07 pm

    Property Features for 1600 Saratoga Ave

    General Information

    Standard status
    Active
    Size
    3,086 SF
    Lot size
    55.64 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1600 Saratoga Ave Contact us

    We can help!

    Listing Contact
    Christian Irwin
    Christian Irwin

    Listing agent Christian Irwin

    Listing office Federal Realty Investment Trust - Corporate

    Listing date May 5, 2025

    Source Moodyscre

    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 Federal Realty Investment Trust - Corporate

    Overview

    Retail Space in Westgate Center

    Located in San Jose, California, Westgate Center is a 645,000 square foot center offering shopping, dining, and entertainment options. The center features a variety of shops and restaurants, including Nike Factory Store, Gap Factory, Target, Nordstrom Rack, T.J. Maxx, Burlington Coat Factory, Ross Dress For Less, and Old Navy, as well as Buffalo Wild Wings. This retail space offers 3,086 square feet of area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    49ers Fit Gym & Fitness Center Subway Take-out & Catering Amazon Locker - Campus Postal Service Self Storage Storage Facility Rebecca B. Alfonso, ... Pharmacy

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Westgate Corner — Prospect Rd, Saratoga, CA 95070
    • Kirkwood Plaza — 1602 W Campbell Ave, Campbell, CA 95008
    • Wing's Shopping Center — 1581 campbell ave, campbell, ca 95008
    • Coinstar Kiosk | Bitcoin ATM — 1602 W Campbell Ave, Campbell, CA 95008
    • El Paseo de Saratoga — 1000 El Paseo de Saratoga, San Jose, CA 95130

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.988
    Latitude
    37.2924

    Nearby Similar for Lease

    • $5,500/Mo

      San Jose Commercial Lease Opportunity

      Prime San Jose location suitable for office or retail use.
      3005 Silver Creek RD 194, SAN JOSE, CA 95121
      View Details
    • $6,000/Mo

      San Jose Retail Space Available

      Retail spaces available in prime San Jose location.
      1271 Story Rd, San Jose, CA 95122
      View Details
    • $1,800/Mo

      SAN JOSE Industrial R&D Condo

      1,184 sq ft industrial condo with offices and amenities.
      2050 Concourse 54, SAN JOSE, CA 95131
      View Details
    • $5,880/Mo

      Functional Office Suite Near Freeways

      Second-floor office suite with seven offices, server room, and kitchenette.
      1754 Technology Dr 224, San Jose, CA 95110
      View Details
    • $5,500/Mo

      Prime San Jose Retail Space

      Excellent location in Silver Creek Paloma Plaza, San Jose.
      3005 Silver Creek Rd 194, San Jose, CA 95121
      View Details
    • $6,000/Mo

      Retail Space Near Vietnam Town

      Retail spaces available in prime location near freeways.
      1271 Story Rd, San Jose, CA 95122
      View Details
    • $2 SF/Yr

      Restaurant Space in San Jose

      Second generation restaurant space available for rent in San Jose.
      San Jose, CA 95124
      View Details
    • Contact for pricing

      CA, San Jose - Spaces San Jose - Santana Row

      3031 Tisch Way, San Jose, CA 95128
      View Details
    • Contact for pricing

      CA, San Jose - S 1st St

      325 1St St, Unit 120, San Jose, CA 95113
      View Details
    • $5,490/Mo

      Contemporary Office Space Available

      Modern office space with convenient transit access and amenities.
      1737 N 1st St, Suite 680, San Jose, CA 95112
      View Details
    • $2 SF/Yr

      Renovated Office Space For Lease

      Newly renovated office space with flexible options and abundant light.
      52-78 E Santa Clara St, San Jose, California 95113
      View Details
    • Contact for pricing

      Spaces 18 S 2nd Street

      18 2Nd St, San Jose, CA 95113
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available within a large shopping and entertainment center.
    Where is this shopping center located?
    The property is located at 1600 Saratoga Ave San Jose, CA.
    What are key features of this property?
    This property features: 645,000 square foot shopping center; One‑stop destination for shopping, dining, and entertainment; Features a Nike Factory Store
    (301) 998-8100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Christian Irwin
    Christian Irwin
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!