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 Market139
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
Site & Location
Corner Location
Yes
Mixed-Use Components
retail, residential
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
storefront windows
pedestrian doors
roll-up door
fenced lot
24-hour access
storage
on-site parking
Building Details
Year built
1950
Flooring type
Concrete
Buildings
2
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 25
Last Checked: Oct 28 at 9:06AM
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 brings together a freestanding 3,400-square-foot commercial building and an updated single-family home of approximately 1,300 square feet. The storefront has display windows, pedestrian entrances and a roll-up door connecting to the yard. The residence includes dual-pane windows, refreshed flooring and paint, a quartz kitchen with gas range, two updated bathrooms, laundry, central heat and a detached garage.
The buildings occupy a 10,488-square-foot corner lot with three addresses. The parcel is fenced and offers storage, on-site parking and 24-hour access. Zoning is identified as R-2/commercial. The property is approximately 0.4 mile from the future 28th Street/Little Portugal BART station.
The buildings occupy a 10,488-square-foot corner lot with three addresses. The parcel is fenced and offers storage, on-site parking and 24-hour access. Zoning is identified as R-2/commercial. The property is approximately 0.4 mile from the future 28th Street/Little Portugal BART station.
Key Highlights
- 3,400‑square‑foot freestanding commercial building with storefront windows and pedestrian doors
- Approximately 1,300‑square‑foot updated single‑family residence with two updated bathrooms
- 10,488 sq ft corner lot with three addresses on one parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,754
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,975,080
$2.0M
Cap Rate 7%
$1,410,771
$1.4M
Cap Rate 9%
$1,097,267
$1.1M
Market Conditions
NOI Build-Up for 3,656 SF
Gross rent
$147.8K $40.44/SF
− Vacancy
−$6.8K −$1.85/SF
EGI
$141.1K $38.59/SF
− OpEx
−$42.3K −$11.58/SF
NOI
$98.8K $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%
$1,975,080
Cap Rate 7%
$1,410,771
Cap Rate 9%
$1,097,267
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.65M
NOI $98,754 @ 7.0% cap · market cap 6.58%
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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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 86%
Shops & Services 11%
Electronics 3%
McDonald's
Dining
45,319 visits/mo
0.2 miles
Speedway
Shops & Services
5,555 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
963 visits/mo
0.4 miles
Boost Mobile
Electronics
741 visits/mo
0.4 miles
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
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?
Mixed-use property - A separate residence and commercial building share a fenced corner parcel with on-site parking and round-the-clock access.
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: 3,400‑square‑foot freestanding commercial building with storefront windows and pedestrian doors; Approximately 1,300‑square‑foot updated single‑family residence with two updated bathrooms; 10,488 sq ft corner lot with three addresses on one parcel
