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

    1966 Almaden Road San Jose, CA 95125

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,999,888

    Single-family home with multifamily development potential in San Jose.

    Added:
    Jun 19, 2025
    Days on Market:
    305
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 1966 Almaden Road

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    DAVE MEYER

    Listing agent DAVE MEYER

    Listing office SILVEIRA REALTY INCORPORATED

    Listing date Jun 19, 2025

    Source Corcoran

    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 SILVEIRA REALTY INCORPORATED

    Overview

    Redevelopment Opportunity with Rental Income

    This property presents an investment or redevelopment opportunity, featuring a single-family home that currently generates rental income. The owners are in the final stages of obtaining multifamily development entitlements. The property includes a well-maintained home situated on a 0.29-acre lot. Site development file H23-043 and Vesting Tentative map file T23-032 are associated with the property. The home has 3 bedrooms and 1.5 bathrooms, encompassing 1606 square feet. Additional outbuildings and a playground are located on the premises. The current tenancy is month-to-month, offering flexibility for extension or termination based on the intended end use of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.88
    Latitude
    37.2991

    Nearby Similar for Sale

    • $795,000
      1,695 SF

      Medical Office Condo in San Jose

      Move-in-ready medical office condo near Regional Medical Center.
      200 Jose Figueres AVE 340, SAN JOSE, CA 95116
      View Details
    • $350,000
      4,838 SF

      Established Retail Dollar Store

      Well-established retail dollar store on high-visibility Alum Rock Ave.
      1972 Alum Rock AVE, SAN JOSE, CA 95116
      View Details
    • $520,000
      1,216 SF

      Versatile Commercial Condo in San Jose

      Flexible 1,216 sq ft condo in a prime San Jose location.
      2050 Concourse DR 56, SAN JOSE, CA 95131
      View Details
    • $849,999
      1,568 SF

      Move-in Ready San Jose Office Suite

      1,568 Sq Ft commercial office suite, ideal for medical/professional use.
      2114 Senter RD 6, SAN JOSE, CA 95112
      View Details
    • $625,000
      1,445 SF

      Alum Rock Commercial Office Space

      Commercial office in Alum Rock Professional Center for sale.
      1863 Alum Rock AVE C, SAN JOSE, CA 95116
      View Details
    • $848,000
      1,170 SF

      Evergreen San Jose Office Condo

      Versatile office condo in a thriving Silicon Valley location.
      1569 Lexann AVE 224, SAN JOSE, CA 95121
      View Details
    • $575,000
      846 SF

      Alum Rock Commercial Office Space

      Commercial office for sale in Alum Rock Professional Center.
      1863 Alum Rock AVE B, SAN JOSE, CA 95116
      View Details
    • $1,899,999
      3,578 SF

      San Jose Commercial Building For Sale

      Commercial building in a bustling shopping center, many possibilities!
      2268 Senter RD 166, SAN JOSE, CA 95112
      View Details
    • $168,888
      1,100 SF

      Turn-Key Dental Office Opportunity

      Professionally built-out dental space in high-traffic San Jose location.
      1692 Tully RD 18, SAN JOSE, CA 95122
      View Details
    • $6,900,000
      17,036 SF

      San Jose Commercial Property Opportunity

      Commercial property near downtown San Jose, ideal for medical or school.
      480 N 1st ST, SAN JOSE, CA 95112
      View Details
    • $1,900,000
      7,863 SF

      Downtown San Jose Commercial Property

      Prime location with flexible zoning for diverse commercial uses.
      12 S 15th ST 206, SAN JOSE, CA 95112
      View Details
    • $1,850,000
      4,578 SF

      Rose Garden Fourplex Investment Opportunity

      Charming four-unit property in San Jose's desirable Rose Garden neighborhood.
      931 Vermont ST, SAN JOSE, CA 95126
      View Details

    FAQs

    What type of property is this?
    Single family property - Single-family home with multifamily development potential in San Jose.
    Where is this single family property located?
    The property is located at 1966 Almaden Road San Jose, CA.
    What is the asking price?
    The asking price for this property is $1,999,888.
    What are key features of this property?
    This property features: Redevelopment opportunity with active Site Development File H23‑043 and Vesting Tentative Map File T23‑032.; Currently generating rental income from a single‑family home.; .29 acre lot size.
    We can help!
    Listing Contact
    DAVE MEYER
    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!