Downtown Retail
For Sale
$745,000
420 E Santa Clara St, San Jose, CA 95113
A 1920-built storefront offers a central San Jose location near campus, transit, major highways, and the airport.
Property Size2,430 SF
Price / SF$306.58
Days on Market274
Property Features for 420 E Santa Clara St
General Information
Standard status
Active
Size
2,430 SF
Property subtype
Commercial
Zoning
comm
Site & Location
Neighborhood
Downtown San Jose
Highway Access
Yes
Building Details
Building Size
2,430 SF
Year Built
1920
Listing Agency:
EQUITY FIRST REAL ESTATE
Listed By:
Milly Barros · License #01359320
(925) 634-9400
Source:
Equityfirstre
Added: Jan 28
Changed: Oct 25
Last Checked: Oct 26 at 3:35AM
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 EQUITY FIRST REAL ESTATE
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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 2,430-square-foot retail space dates to 1920 and is located at 420 E Santa Clara St in downtown San Jose. Its commercial zoning is identified as “comm.”
San Jose State University East Campus is one block behind the property. VTA bus lines run in front, and Caltrain is nearby. Highways 101, 280, and 87 are in the surrounding area, with San Jose International Airport also close by.
San Jose State University East Campus is one block behind the property. VTA bus lines run in front, and Caltrain is nearby. Highways 101, 280, and 87 are in the surrounding area, with San Jose International Airport also close by.
Key Highlights
- 2,430 square feet of retail space
- Built in 1920
- One block behind San Jose State University East Campus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,638
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,760
$1.3M
Cap Rate 7%
$937,686
$937.7K
Cap Rate 9%
$729,311
$729.3K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$98.3K $40.44/SF
− Vacancy
−$4.5K −$1.85/SF
EGI
$93.8K $38.59/SF
− OpEx
−$28.1K −$11.58/SF
NOI
$65.6K $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%
$1,312,760
Cap Rate 7%
$937,686
Cap Rate 9%
$729,311
Alternative Uses
Best Use
Retail
$937.7K
$820.5K – $1.09M
NOI $65,638 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,729 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,544
Businesses Nearby
107k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Shops & Services 32%
Dining 18%
Electronics 5%
Cardenas Market
Groceries
26,807 visits/mo
0.5 miles
Grocery Outlet Bargain Market
Groceries
21,340 visits/mo
0.2 miles
Rotten Robbie
Shops & Services
12,621 visits/mo
0.4 miles
Lee's Sandwiches
Dining
9,918 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,347 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
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
Frequently Asked Questions
What type of property is this?
Retail space - A 1920-built storefront offers a central San Jose location near campus, transit, major highways, and the airport.
Where is this retail space located?
The property is located at 420 E Santa Clara St San Jose, CA.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: 2,430 square feet of retail space; Built in 1920; One block behind San Jose State University East Campus
