Mixed-Use Property with
For Sale
$1,500,000
194 S 24 Street, San Jose, CA 95116
CommercialSale, SanJose, CA
Property Size3,400 SF
Lot Size0.24 Acres
Price / SF$410.28
Days on Market132
Property Features for 194 S 24 Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R2/commercial
Subdivision
CentralSanJose
Standard status
Active
APN
46735073c
Size
3,656 SF
Lot size
0.24 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1950
Flooring type
Concrete
Listing Agency:
KW Bay Area Estates · Keller Williams Realty
(408) 560-9000
Listed By:
Lisa Leung · License #00600854
(408) 835-8866
Added: Jun 12
Changed: Oct 21
Last Checked: Oct 21 at 8:06AM
MLS# ML82050836
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property combines a remodeled residence with a separate commercial warehouse on a 10,484-square-foot lot. The home offers approximately 1,300 square feet of living space, updated kitchen and bathrooms, a laundry room, central forced-air heating, and a detached one-car garage. The approximately 3,400-square-foot commercial building has two business addresses: 1175 and 1177 E San Antonio Street.
The property is served by public water and public sewer. Its zoning is identified as R2/commercial.
The property is served by public water and public sewer. Its zoning is identified as R2/commercial.
Key Highlights
- 10,484‑square‑foot lot
- Approximately 1,300 square feet of remodeled residential space
- Separate commercial building of approximately 3,400 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,615
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,572,300
$2.6M
Cap Rate 7%
$1,837,357
$1.8M
Cap Rate 9%
$1,429,056
$1.4M
Market Conditions
NOI Build-Up for 3,656 SF
Gross rent
$204.9K $56.04/SF
− Vacancy
−$33.4K −$9.13/SF
EGI
$171.5K $46.91/SF
− OpEx
−$42.9K −$11.73/SF
NOI
$128.6K $35.18/SF
Area
San Jose, CA
Vacancy
16.30%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,572,300
Cap Rate 7%
$1,837,357
Cap Rate 9%
$1,429,056
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.14M
NOI $128,615 @ 7.0% cap · market cap 8.57%
Second Best
Mixed Use
$1.08M
$946.0K – $1.26M
NOI $75,679 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,558 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 95116, CA
51,222
Population
13,987
Households
3.7
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
3.6 sq mi
ZIP Area
14,228
Density / Sq Mi
$83,428
Median Household Income
$41,992
Median Earnings
$2,049
Median Rent
$842,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Jose, CA
Frequently Asked Questions
What type of property is this?
Mixed-use property - A remodeled residence and separate commercial building share a lot zoned R2/commercial.
Where is this mixed-use property located?
The property is located at 194 S 24 Street San Jose, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,484‑square‑foot lot; Approximately 1,300 square feet of remodeled residential space; Separate commercial building of approximately 3,400 square feet
