San Jose Retail
For Sale
Contact for pricing
451 Kiely Blvd, San Jose, CA
Retail property in amenity-rich West San Jose location for sale.
Property Size3,320 SF
Lot Size0.25 Acres
Price / SF$753.01
Days on Market1057
Property Features for 451 Kiely Blvd
General Information
Standard status
Active
Size
3,320 SF
Lot size
0.25 Acres
Property subtype
RETAIL
Listing Agency:
Colliers | Silicon Valley
(408) 282-3800
Listed By:
John Kovaleski
(408) 307-7986
Source:
Moodyscre
Added: Oct 17, 2023
Changed: Sep 4
Last Checked: Sep 6 at 2:51PM
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 Colliers | Silicon Valley
Investment Insights
Based on property information with market context.
This retail property, situated in an amenity-rich West San Jose location, presents an excellent opportunity for an owner/user. The property benefits from Urban Village Zoning, which allows for a variety of uses. It features a parking ratio of approximately 3.6 per 1,000 square feet. The location provides convenient access to I-280 at Saratoga Avenue. The property size is 3,320 square feet.
Key Highlights
- Amenity‑Rich west San Jose location
- Urban Village Zoning allows for a variety of uses
- Excellent owner/user Opportunity
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
$89,678
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
3.59%
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%
$1,793,560
$1.8M
Cap Rate 7%
$1,281,114
$1.3M
Cap Rate 9%
$996,422
$996.4K
Market Conditions
NOI Build-Up for 3,320 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
$134.3K $40.44/SF
− Vacancy
−$6.1K −$1.85/SF
EGI
$128.1K $38.59/SF
− OpEx
−$38.4K −$11.58/SF
NOI
$89.7K $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%
$1,793,560
Cap Rate 7%
$1,281,114
Cap Rate 9%
$996,422
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,678 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.75M – $2.34M
NOI $140,353 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,754
Businesses Nearby
410k
Monthly Visits Nearby
Under-served
Demand for This Use
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
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 - Retail property in amenity-rich West San Jose location for sale.
Where is this storefront property located?
The property is located at 451 Kiely Blvd San Jose, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Amenity‑Rich west San Jose location; Urban Village Zoning allows for a variety of uses; Excellent owner/user Opportunity
