Storefront
New
For Sale
$689,000
2092 Concourse Drive 81, San Jose, CA 95131
The unit is occupied by an operating custom-made curtain business.
Property Size1,832 SF
Price / SF$376.09
Days on Market3
Property Features for 2092 Concourse Drive 81
General Information
Standard status
Active
Size
1,832 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$5,656
Building Details
Year Built
1983
Listing Agency:
Bay Realty Group
Listed By:
Yanzhang Liu · License #01300581
(408) 392-0888
Source:
Exitrealty
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 3:45AM
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 Bay Realty Group
Investment Insights
Based on property information with market context.
This storefront property includes a unit currently used by the owner’s custom-made curtain business. The building was constructed in 1983.
The property is located at 2092 Concourse Dr 81 in San Jose, with a Walk Score of 47, a Bike Score of 64, and a Transit Score of 65.
The property is located at 2092 Concourse Dr 81 in San Jose, with a Walk Score of 47, a Bike Score of 64, and a Transit Score of 65.
Key Highlights
- Operating custom‑made curtain business occupies the unit
- Constructed in 1983
- Walk Score of 47; Car‑Dependent
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,485
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$989,700
$989.7K
Cap Rate 7%
$706,929
$706.9K
Cap Rate 9%
$549,833
$549.8K
Market Conditions
NOI Build-Up for 1,832 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$74.1K $40.44/SF
− Vacancy
−$3.4K −$1.85/SF
EGI
$70.7K $38.59/SF
− OpEx
−$21.2K −$11.58/SF
NOI
$49.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$989,700
Cap Rate 7%
$706,929
Cap Rate 9%
$549,833
Alternative Uses
Best Use
Retail
$706.9K
$618.6K – $824.8K
NOI $49,485 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$968.1K – $1.29M
NOI $77,448 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
207k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 100%
Costco Wholesale
Superstores
207,462 visits/mo
0.4 miles
Demographics for 95131, CA
30,975
Population
10,270
Households
3
Avg Household Size
38
Median Age
57%
College-Educated
88%
High-School Grad
5.8 sq mi
ZIP Area
5,341
Density / Sq Mi
$170,128
Median Household Income
$77,369
Median Earnings
$3,182
Median Rent
$1,134,200
Median Home Value
Market
Vacancy Rate% for Retail in San Jose, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- A World Florist — 1688 Hostetter Rd, San Jose, CA 95131
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- Shopping the Globe — 1923 Lundy Ave, San Jose, CA 95131
- Florez by Maleja — 1882 Trade Zone Way, San Jose, CA 95131
Frequently Asked Questions
What type of property is this?
Storefront property - The unit is occupied by an operating custom-made curtain business.
Where is this storefront property located?
The property is located at 2092 Concourse Drive 81 San Jose, CA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Operating custom‑made curtain business occupies the unit; Constructed in 1983; Walk Score of 47; Car‑Dependent
