Retail Investment Property with Vacant
410 Santa Clara St San Jose, CA 95113
410 Santa Clara St, San Jose, CA, 95113
$1,650,000
For Sale
$1,650,000
Four-unit retail property with development potential in downtown San Jose.
Property Size3,072 SF
Lot Size0.04 Acres
Price / SF$537.11
Days on Market146
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
Listing agency
COMPASS
(415) 929-7100
Listed by
KEN WU · License #02131550
Source
Corcoran
Added: Feb 25 Updated: Jul 6 at 9:54AM Checked: Jul 21 at 5:44AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
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
NOI $129,869 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Primo Transportation LLC
Limousine Service
Towing San Jose ...
Auto Repair Shop
Infigic
Marketing & Advertising
SolarMax
Solar Energy Company
Full Contact K9
Animal Training
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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.
