Storefront
For Sale
Contact for pricing
41 South 1st Street, San Jose, CA 95113
The property carries CG - Commercial General zoning and dates to 1925.
Property Size9,460 SF
Price / SF$422.83
Days on Market139
Property Features for 41 South 1st Street
General Information
Standard status
Active
Size
9,460 SF
Class
B
Property subtype
Retail, Office
Zoning
CG - Commercial General
Occupancy
50%
Lease Type
Gross
Investment Type
Owner/User
Net Operating Income
$56,268
Building Details
Year Built
1925
Year Renovated
1999
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
San Francisco Housing Management Inc
Listed By:
Jeffrey Chen · License #01114057
Source:
Crexi
Added: Apr 15
Changed: Aug 29
Last Checked: Aug 29 at 9:07PM
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 San Francisco Housing Management Inc
Investment Insights
Based on property information with market context.
Located at 41 South 1st Street in San Jose, this 9,460-square-foot storefront property offers a substantial urban commercial footprint. The building was constructed in 1925 and is classified under CG - Commercial General zoning.
The property is situated in Downtown San Jose, within an established entertainment and nightlife setting. Its storefront configuration and central location provide a commercial platform for retail-oriented occupancy, subject to applicable zoning and approvals.
The property is situated in Downtown San Jose, within an established entertainment and nightlife setting. Its storefront configuration and central location provide a commercial platform for retail-oriented occupancy, subject to applicable zoning and approvals.
Key Highlights
- 9,460‑square‑foot storefront property
- CG - Commercial General zoning
- Constructed in 1925
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
$255,529
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
6.39%
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%
$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
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
$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 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%
$5,110,580
Cap Rate 7%
$3,650,414
Cap Rate 9%
$2,839,211
Alternative Uses
Best Use
Retail
$3.65M
$3.19M – $4.26M
NOI $255,529 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.71M
$5.00M – $6.67M
NOI $399,923 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,277
Businesses Nearby
191k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Hotels & Casinos 19%
Groceries 11%
Shops & Services 10%
The Old Spaghetti Factory
Dining
56,533 visits/mo
0.1 miles
Jack in the Box
Dining
22,860 visits/mo
0.5 miles
San Jose Marriott
Hotels & Casinos
21,448 visits/mo
0.4 miles
Grocery Outlet Bargain Market
Groceries
21,340 visits/mo
0.4 miles
Hyatt Place
Hotels & Casinos
11,717 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in San Jose, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - The property carries CG - Commercial General zoning and dates to 1925.
Where is this storefront property located?
The property is located at 41 South 1st Street San Jose, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 9,460‑square‑foot storefront property; CG - Commercial General zoning; Constructed in 1925
