Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Investment Property with Vacant Land Title is generated by Realmo AI

    410 Santa Clara St, San Jose, CA 95113

    View on Map
    Claim this Listing
    For Sale
    $1,650,000

    Four-unit retail property with development potential in downtown San Jose.

    Type:Commercial
    Property size:
    3,072 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $537/SF
    Added:
    Feb 25, 2026
    Days on Market:
    100
    Last Refresh:
    Apr 5 at 8:30 pm

    Property Features for 410 Santa Clara St

    General Information

    Standard status
    Active
    Size
    3,072 SF
    Lot size
    0.04 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1941

    We can help!

    Listing Contact
    KEN WU

    Listing agent KEN WU License #DRE #02131550

    Listing office COMPASS

    Listing date Feb 25, 2026

    Source Corcoran

    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 COMPASS

    HighLights

    • Prime downtown San Jose location near San Jose State University with high traffic and excellent street visibility.
    • Includes a 1,742 sq ft vacant parcel zoned Urban Residential, offering significant value and future development potential.
    • One retail unit will be delivered vacant, providing immediate owner‑user opportunity.
    • All leases are month‑to‑month, allowing flexibility for repositioning or rent adjustments.
    • Direct rear access to retail units from the vacant parcel, suitable for loading, storage, or parking.
    • Tenants pay their own utilities, minimizing operating expenses.

    Overview

    The property at 410 E Santa Clara St is a four-unit retail investment located in downtown San Jose, two streets from San Jose State University. The location provides street visibility and exposure to pedestrian and vehicle traffic. One of the units will be delivered vacant, offering owner-user potential while generating income from the three remaining tenants. The leases are month-to-month, providing flexibility for repositioning or rent adjustments. Tenants are responsible for their own utilities. The property includes a 1,742 square foot vacant parcel directly behind the building. Zoned Urban Residential, this additional land provides value and future upside potential. With direct rear access to the retail units, it offers functionality for loading, storage, or parking, along with long-term development optionality. The property size is 3,072 square feet.

    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 $124.2k $40.44
    − Vacancy −$5.7k −$1.85
    EGI $118.5k $38.59
    − OpEx −$35.6k −$11.58
    NOI $83.0k $27.01
    3,072 SF · lease $40.44/SF/yr · vacancy 4.58% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.19M
    $1.04M – $1.38M (±1% cap)
    NOI $82,979 @ 7.0% cap · market cap 5.03%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.86M
    $1.62M – $2.16M (±1% cap)
    NOI $129,869 @ 7.0% cap · market cap 7.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Primo Transportation LLC Service Establishment Towing San Jose ... Auto Repair Shop Infigic Marketing & Advertising SolarMax Solar Energy Company Full Contact K9 Animal Training

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Rosies & Posies Downtown Florist & Flower Delivery — 98 Paseo de San Antonio, San Jose, CA 95113
    • San Jose Floral — 109 e santa clara st, san jose, ca 95113
    • Send Funeral Flowers San Jose — 88 n san pedro st, san jose, ca 95110
    • Same Day Flower Delivery - San Jose — 123 e san carlos st, san jose, ca 95112
    • Guilles Flowers Shop — 215 E Santa Clara St, San Jose, CA 95113

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.882
    Latitude
    37.3401

    Nearby Similar for Sale

    • $1,899,000
      2,804 SF

      Four-Plex with Five-Stall Carport

      Well-maintained four-plex offering four 1-bedroom homes, private storage, and covered parking on a large lot.
      590 Macarthur AVE, SAN JOSE, CA 95128
      View Details
    • $1,948,000
      3,584 SF

      Well-Maintained Fourplex Opportunity

      Well-maintained four-unit property with recent roof and full 2024 plumbing replacement, suited for multifamily investors.
      3691 Cape Cod CT, SAN JOSE, CA 95117
      View Details
    • $1,900,000

      Multi-Unit Flex Automotive Property

      Flex automotive building with multiple roll-up door units, office space, full bathrooms, and substantial parking for operations.
      1856 Almaden RD, SAN JOSE, CA 95125
      View Details
    • $1,349,000

      Warehouse with Offices and Mezzanine

      Warehouse space with two roll-up doors, offices, and mezzanine, plus off-street parking and strong freeway access.
      1777 Smith AVE, SAN JOSE, CA 95112
      View Details
    • $1,580,000
      2,686 SF

      Four-Unit Multifamily with Private Garages

      Tenant-occupied four-unit property in R3 with private garages, coin-operated laundry, and remodeled kitchens and bathrooms.
      822 Opal DR, SAN JOSE, CA 95117
      View Details
    • $1,900,000

      C3 Retail/Office Building

      C3-zoned building in San Jose with substantial space for retail, office, or mixed-use redevelopment plans.
      702 E Santa Clara ST 206, SAN JOSE, CA 95112
      View Details
    • $1,850,000
      2,486 SF

      Duplex with Private Yard

      Two 2-bedroom, 2-bath units with private yards, garages, and a recently installed roof with a 40-year warranty.
      2322 Meridian AVE, SAN JOSE, CA 95124
      View Details
    • $3,350,000
      2,390 SF

      Renovated Office Building with Rentals

      Renovated building with three rental units and wheelchair accessibility, positioned near Santana Row in San Jose.
      Address not disclosed, SAN JOSE, CA 95128
      View Details
    • $1,699,000

      Residential Care Home with Outdoor Gardens

      Assisted living facility with dual-pane windows, A/C, and private and semi-private rooms.
      1708 Hallmark LN, SAN JOSE, CA 95124
      View Details
    • $1,499,000
      2,030 SF

      Well-Maintained Duplex with Private Yards

      Two-unit residential income property featuring private yards, attached garages, and in-unit laundry for each unit.
      5746 Chesbro AVE, SAN JOSE, CA 95123
      View Details
    • $1,549,950
      1,660 SF

      Duplex with Vacant Owner Unit

      Two 2-bedroom, 1-bath units with central A/C, detached garage parking, and outdoor yard space in an R2 setting.
      2915 Ross AVE, SAN JOSE, CA 95124
      View Details
    • $1,830,000
      2,992 SF

      Well-Maintained Fourplex

      Four fully rented 2BR/1BA units with recent exterior and system upgrades in Northlake West San Jose.
      551 Northlake DR, SAN JOSE, CA 95117
      View Details

    FAQs

    What type of property is this?
    Storefront property - Four-unit retail property with development potential in downtown San Jose.
    Where is this storefront property located?
    The property is located at 410 Santa Clara St San Jose, CA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Prime downtown San Jose location near San Jose State University with high traffic and excellent street visibility.; Includes a 1,742 sq ft vacant parcel zoned Urban Residential, offering significant value and future development potential.; One retail unit will be delivered vacant, providing immediate owner‑user opportunity.
    (415) 929-7100
    We can help!
    Listing Contact
    KEN WU
    Real Estate License ID: DRE #02131550
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    410 Santa Clara St, SAN JOSE, CA 95113
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!