Multi-Tenant Strip
For Sale
$2,600,000
1854 W San Carlos St, San Jose, CA 95128
Dedicated parking serves a multi-tenant retail configuration in San Jose.
Property Size4,800 SF
Price / SF$541.67
Days on Market92
Property Features for 1854 W San Carlos St
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Shopping Strip
Site & Location
Neighborhood
Burbank
Amenities
Value-Add Multi-Tenant Retail Asset: Immediate income diversification with upside through leasing and rent optimization.
Rare Dedicated Off-Street Parking Lot: Massive competitive advantage for tenants in a dense, heavily trafficked urban corridor.
West San Carlos Urban Village Plan Location: Positioned directly inside a city-backed zoning plan for high-density, mixed-use growth.
Building Details
Building Size
4,800 SF
Year Built
1950
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Palo Alto
Listed By:
Eric Carrillo · License #License(s): CA: 02111809
(650) 391-1742
Source:
Marcusmillichap
Added: Aug 2
Changed: Oct 25
Last Checked: Nov 1 at 2:24AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1854 W San Carlos St in San Jose, this 4,800-square-foot strip mall is configured as a multi-tenant retail building. The property includes a dedicated parking lot and was constructed in 1950, providing an established commercial asset with an existing retail layout.
The offering is structured on a fee simple basis and is being conveyed free and clear of existing financing. The property is offered in its present condition, with the sale proceeding on an “as-is, where-is” basis.
The offering is structured on a fee simple basis and is being conveyed free and clear of existing financing. The property is offered in its present condition, with the sale proceeding on an “as-is, where-is” basis.
Key Highlights
- 4,800‑square‑foot multi‑tenant retail building
- Dedicated parking lot included
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,655
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,593,100
$2.6M
Cap Rate 7%
$1,852,214
$1.9M
Cap Rate 9%
$1,440,611
$1.4M
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$194.1K $40.44/SF
− Vacancy
−$8.9K −$1.85/SF
EGI
$185.2K $38.59/SF
− OpEx
−$55.6K −$11.58/SF
NOI
$129.7K $27.01/SF
Area
San Jose, 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 Rate 5%
$2,593,100
Cap Rate 7%
$1,852,214
Cap Rate 9%
$1,440,611
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,655 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $202,921 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,832
Businesses Nearby
146k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Apparel 21%
Dining 20%
Groceries 20%
Dollar Tree
Shops & Services
21,345 visits/mo
0.3 miles
Zanotto's Family Market
Groceries
20,663 visits/mo
0.4 miles
Jack in the Box
Dining
15,488 visits/mo
0.4 miles
Shell
Shops & Services
15,283 visits/mo
0.5 miles
Crossroads Trading Co.
Apparel
14,103 visits/mo
0.2 miles
Demographics for 95128, CA
34,776
Population
15,193
Households
2.3
Avg Household Size
38
Median Age
52%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
8,917
Density / Sq Mi
$122,647
Median Household Income
$71,504
Median Earnings
$2,505
Median Rent
$1,214,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in San Jose, CA
Frequently Asked Questions
What type of property is this?
Strip mall - Dedicated parking serves a multi-tenant retail configuration in San Jose.
Where is this strip mall located?
The property is located at 1854 W San Carlos St San Jose, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 4,800‑square‑foot multi‑tenant retail building; Dedicated parking lot included; Built in 1950
