Corner Strip Mall with
New
For Sale
Contact for pricing
410 Saratoga Ave, San Jose, CA 95129
Retail suites are occupied primarily by tenants on month-to-month arrangements.
Property Size12,700 SF
Price / SF$454.80
Days on Market4
Property Features for 410 Saratoga Ave
General Information
Standard status
Active
Size
12,700 SF
Property subtype
RETAIL
Additional Details
Corner Location
Yes
Building Details
Tenancy
Multi
Listing Agency:
Kidder Mathews | Silicon Valley
(408) 970-9400
Listed By:
David Buchholz, SIOR
(408) 391-7034
Source:
Moodyscre
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 3 at 2:31AM
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 Kidder Mathews | Silicon Valley
Investment Insights
Based on property information with market context.
This 12,700-square-foot strip mall contains retail space occupied mainly by tenants with month-to-month arrangements. The existing tenancy structure leaves leases on short terms, without specifying any particular future plan.
The property sits at the southeast corner of Saratoga Ave and Keily Blvd. Signage serves both parcels.
The property sits at the southeast corner of Saratoga Ave and Keily Blvd. Signage serves both parcels.
Key Highlights
- 12,700‑square‑foot strip mall
- Most retail tenants are on month‑to‑month terms
- Southeast corner of Saratoga Ave and Keily Blvd
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
$343,046
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
5.94%
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%
$6,860,920
$6.9M
Cap Rate 7%
$4,900,657
$4.9M
Cap Rate 9%
$3,811,622
$3.8M
Market Conditions
NOI Build-Up for 12,700 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
$513.6K $40.44/SF
− Vacancy
−$23.5K −$1.85/SF
EGI
$490.1K $38.59/SF
− OpEx
−$147.0K −$11.58/SF
NOI
$343.0K $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%
$6,860,920
Cap Rate 7%
$4,900,657
Cap Rate 9%
$3,811,622
Alternative Uses
Best Use
Retail
$4.90M
$4.29M – $5.72M
NOI $343,046 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.67M
$6.71M – $8.95M
NOI $536,894 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,754
Businesses Nearby
410k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Shops & Services 32%
Dining 28%
Hotels & Casinos 1%
Mitsuwa Marketplace
Groceries
95,774 visits/mo
0.4 miles
Walmart Neighborhood Market
Groceries
63,508 visits/mo
0.2 miles
Daiso USA
Shops & Services
39,781 visits/mo
0.4 miles
McDonald's
Dining
33,105 visits/mo
0.4 miles
76
Shops & Services
24,004 visits/mo
0.2 miles
Demographics for 95129, CA
41,819
Population
15,091
Households
2.8
Avg Household Size
40
Median Age
71%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
9,091
Density / Sq Mi
$182,662
Median Household Income
$106,066
Median Earnings
$2,746
Median Rent
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in San Jose, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail suites are occupied primarily by tenants on month-to-month arrangements.
Where is this strip mall located?
The property is located at 410 Saratoga Ave San Jose, CA.
What is the asking price?
The asking price for this property is $5,776,000.
What are key features of this property?
This property features: 12,700‑square‑foot strip mall; Most retail tenants are on month‑to‑month terms; Southeast corner of Saratoga Ave and Keily Blvd
