Multi-Tenant Retail Strip
2874 Alum Rock Ave San Jose, CA 95127
2874 Alum Rock Ave, San Jose, CA, 95127
$2,950,000
For Sale
$2,950,000
Multi-tenant retail strip center on a highly visible San Jose corridor with direct street exposure along Alum Rock Avenue.
Property Size3,486 SF
Price / SF$846.24
Days on Market70
Property Features for 2874 Alum Rock Ave
General Information
- Standard status
- Active
- Size
- 3,486 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1963
Listing agency
Marcus & Millichap - Palo Alto
(650) 391-1742
Listed by
Eric Carrillo · License #License(s): CA: 02111809
(650) 391-1742
Source
Marcusmillichap
Added: May 14 Updated: Jul 22 at 4:10AM Checked: Jul 22 at 4:10AM
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 Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
2874 Alum Rock Avenue is a multi-tenant retail strip center offering street-level retail space within an established commercial corridor in San Jose. The center is positioned directly on Alum Rock Avenue, providing strong street exposure and consistent daily visibility for passing traffic.
The property sits adjacent to recently delivered high-density multifamily apartments and a range of existing retail establishments, supporting an active neighborhood retail environment. This combination of direct frontage and nearby residential density can be attractive for tenants seeking convenient, retail-oriented access from the main thoroughfare.
As a shopping center asset within a retail strip configuration, the building is designed to serve multiple occupants, making it suitable for diversified retail leasing within a single ownership structure.
The property sits adjacent to recently delivered high-density multifamily apartments and a range of existing retail establishments, supporting an active neighborhood retail environment. This combination of direct frontage and nearby residential density can be attractive for tenants seeking convenient, retail-oriented access from the main thoroughfare.
As a shopping center asset within a retail strip configuration, the building is designed to serve multiple occupants, making it suitable for diversified retail leasing within a single ownership structure.
Key Highlights
- Multi‑tenant retail strip center built in 1963
- Located directly on Alum Rock Avenue in a highly visible San Jose corridor
- Direct street exposure with consistent daily traffic
Local Financial Insights For Retail
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 | $141.0k | $40.44 |
| − Vacancy | −$6.5k | −$1.85 |
| EGI | $134.5k | $38.59 |
| − OpEx | −$40.4k | −$11.58 |
| NOI | $94.2k | $27.01 |
3,486 SF · lease $40.44/SF/yr · vacancy 4.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.57M
NOI $94,162 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,496 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
TruGuard Insurance Solutions ...
Insurance Agency
Enrose
Medical Clinic
9 Haircuts
Hair Salon
Phở 54
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Multi-tenant retail strip center on a highly visible San Jose corridor with direct street exposure along Alum Rock Avenue.
Where is this strip mall located?
The property is located at 2874 Alum Rock Ave San Jose, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Multi‑tenant retail strip center built in 1963; Located directly on Alum Rock Avenue in a highly visible San Jose corridor; Direct street exposure with consistent daily traffic
