Mixed-Use Asset in Downtown San
247 Saint John Street San Jose, CA 95112
247 Saint John Street, San Jose, CA, 95112
$2,500,000
For Sale
$2,500,000
Mixed-use property with income and redevelopment potential in San Jose.
Property Size5,500 SF
Price / SF$454.55
Days on Market170
Property Features for 247 Saint John Street
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1928
Listing Agency
INTERO REAL ESTATE SERVICES
(650) 947-4700
Listed by
CARLOS PADILLA · License #01342889
Source
Corcoran
Added: Jan 31 Updated: Jul 6 at 9:58 am Checked: Jul 20 at 3:54 am
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 INTERO REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This mixed-use property is located in Downtown San Jose, two blocks from San Jose City Hall, within walking distance of San José State University, and approximately five minutes from Diridon Station. The property is situated in the epicenter of numerous active and proposed residential and commercial high-rise developments. The building, with a total size of 5500 square feet, is currently 100% occupied on short-term leases. The ground-floor commercial light industrial unit is leased to an established HVAC business and features multiple private offices, ample open warehouse space, and roll-up doors. The second-story residential unit consists of a three-bedroom, one-bathroom apartment leased on a month-to-month basis. The ground floor is suited for a variety of owner-user or industrial service uses. This tenancy structure presents an opportunity for an owner-user to occupy all or a portion of the property while generating supplemental passive income from the residential unit. Investors may also benefit from repositioning potential through rental adjustments or future redevelopment, subject to zoning and city approvals.
Key Highlights
- Prime Downtown San Jose location, two blocks from City Hall and near San Jose State University and Diridon Station
- 100% occupied, providing immediate income with short‑term leases for flexibility
- Mixed‑use property with a ground‑floor commercial unit and a second‑story residential unit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $217.8k | $39.60 |
| − Vacancy | −$9.8k | −$1.78 |
| EGI | $208.0k | $37.82 |
| − OpEx | −$93.6k | −$17.02 |
| NOI | $114.4k | $20.80 |
5,500 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.63M
$1.43M – $1.91M
NOI $114,399 @ 7.0% cap · market cap 4.58%
Second Best
Mixed Use
$1.63M
$1.42M – $1.90M
NOI $113,850 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$3.32M
$2.91M – $3.88M
NOI $232,513 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with income and redevelopment potential in San Jose.
Where is this mixed-use property located?
The property is located at 247 Saint John Street San Jose, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime Downtown San Jose location, two blocks from City Hall and near San Jose State University and Diridon Station; 100% occupied, providing immediate income with short‑term leases for flexibility; Mixed‑use property with a ground‑floor commercial unit and a second‑story residential unit
