Mixed-Use Property with
For Sale
$1,500,000
194 S 24 ST, San Jose, CA 95116
A remodeled residence and separate commercial building occupy a shared parcel with two business addresses.
Property Size3,400 SF
Lot Size0.24 Acres
Price / SF$410.28
Days on Market143
Property Features for 194 S 24 ST
General Information
Standard status
Active
Size
3,400 SF
Lot size
0.24 Acres
Property subtype
Commercial Property
Site & Location
Neighborhood
Five Wounds
Additional Details
Warehouse Space
3,400 SF
Property Use
Warehouse
Building Details
Year Built
1950
Buildings
1
Building Size
3,400 SF
Listing Agency:
KW Bay Area Estates
(408) 560-9000
Listed By:
Lisa Leung · License #00600854
(408) 835-8866
Source:
Balogproperties
Added: Jun 12
Changed: Oct 30
Last Checked: Oct 30 at 1:23PM
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 KW Bay Area Estates
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Investment Insights
Based on property information with market context.
The property combines a remodeled single-family home with a separate commercial warehouse on a 10,484-square-foot lot. The residence contains approximately 1,300 square feet, with updated flooring, fresh interior and exterior paint, and dual-pane windows throughout most of the home. Its refreshed kitchen has quartz finishes, a gas range, and an exhaust fan; both bathrooms have also been updated. Additional features include a laundry room, central forced-air heating, and a detached one-car garage.
The commercial building is approximately 3,400 square feet and has two business addresses: 1175 and 1177 E San Antonio Street. The Envision San Jose 2040 General Plan includes the 24th & William Urban Village Plan, which provides a framework for future development in the area. Zoning, permitted uses, and measurements should be confirmed with the relevant city and county departments.
The commercial building is approximately 3,400 square feet and has two business addresses: 1175 and 1177 E San Antonio Street. The Envision San Jose 2040 General Plan includes the 24th & William Urban Village Plan, which provides a framework for future development in the area. Zoning, permitted uses, and measurements should be confirmed with the relevant city and county departments.
Key Highlights
- 10,484‑square‑foot lot with a residence and separate commercial warehouse
- Approximately 3,400‑square‑foot commercial building
- Approximately 1,300‑square‑foot remodeled single‑family residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,679
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,513,580
$1.5M
Cap Rate 7%
$1,081,129
$1.1M
Cap Rate 9%
$840,878
$840.9K
Market Conditions
NOI Build-Up for 3,656 SF
Gross rent
$131.6K $36.00/SF
− Vacancy
−$10.5K −$2.88/SF
EGI
$121.1K $33.12/SF
− OpEx
−$45.4K −$12.42/SF
NOI
$75.7K $20.70/SF
Area
San Jose, CA
Vacancy
8.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,513,580
Cap Rate 7%
$1,081,129
Cap Rate 9%
$840,878
Alternative Uses
Best Use
Mixed Use
$1.08M
$946.0K – $1.26M
NOI $75,679 @ 7.0% cap · market cap 5.05%
Second Best
Warehouse
$1.06M
$926.2K – $1.23M
NOI $74,099 @ 7.0% cap · market cap 4.94%
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
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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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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A remodeled residence and separate commercial building occupy a shared parcel with two business addresses.
Where is this mixed-use property located?
The property is located at 194 S 24 ST 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 with a residence and separate commercial warehouse; Approximately 3,400‑square‑foot commercial building; Approximately 1,300‑square‑foot remodeled single‑family residence
