Retail Space in San
For Sale
Contact for pricing
Pending
41-43 S 1st Street & 21-23 post Street, San Jose, CA 95113
9,460 SqFt retail property available for sale.
Property Size9,460 SF
Days on Market149
Property Features for 41-43 S 1st Street & 21-23 post Street
General Information
Standard status
Pending
Size
9,460 SF
Property subtype
Retail, Office
Zoning
DC
Investment Type
Owner/User
Building Details
Stories
2
Listing Agency:
Cushman & Wakefield - San Jose/Silicon Valley, California
Listed By:
Miki Correa · License #CA 01718959
Source:
Crexi
Added: May 21
Changed: Oct 13
Last Checked: Oct 16 at 7:21AM
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 Cushman & Wakefield - San Jose/Silicon Valley, California
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property, located in San Jose, California, offers 9,460 square feet of space. The property is suitable for retail and other commercial real estate purposes.
Key Highlights
- Retail Property
- 9,460 SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$255,529
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,110,580
$5.1M
Cap Rate 7%
$3,650,414
$3.7M
Cap Rate 9%
$2,839,211
$2.8M
Market Conditions
NOI Build-Up for 9,460 SF
Gross rent
$382.6K $40.44/SF
− Vacancy
−$17.5K −$1.85/SF
EGI
$365.0K $38.59/SF
− OpEx
−$109.5K −$11.58/SF
NOI
$255.5K $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 Rate 5%
$5,110,580
Cap Rate 7%
$3,650,414
Cap Rate 9%
$2,839,211
Alternative Uses
Best Use
Office B
$4.75M
$4.16M – $5.55M
NOI $332,794 @ 7.0% cap · market cap 10.24%
Second Best
Retail
$3.65M
$3.19M – $4.26M
NOI $255,529 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$5.71M
$5.00M – $6.67M
NOI $399,923 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 95113, CA
2,658
Population
1,850
Households
1.4
Avg Household Size
35
Median Age
67%
College-Educated
88%
High-School Grad
0.3 sq mi
ZIP Area
8,860
Density / Sq Mi
$140,938
Median Household Income
$101,706
Median Earnings
$2,914
Median Rent
$953,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Jose, CA
Frequently Asked Questions
What type of property is this?
Retail property - 9,460 SqFt retail property available for sale.
Where is this retail property located?
The property is located at 41-43 S 1st Street & 21-23 post Street San Jose, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Retail Property; 9,460 SqFt
