Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Flex/Industrial/Retail San Jose Property Title is generated by Realmo AI

    757 W San Carlos St, San Jose, CA 95126

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,000,000

    Single-story flex/industrial/retail property in a transforming San Jose neighborhood.

    Type:Industrial
    Property size:
    8,568 SF
    Price / SF:
    $350/SF
    Added:
    Nov 21, 2025
    Days on Market:
    183
    Last Refresh:
    Apr 6 at 1:10 am

    Property Features for 757 W San Carlos St

    General Information

    Standard status
    Active
    Size
    8,568 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Martin A. Morici
    Martin A. Morici

    Listing agent Martin A. Morici License #CalDRE #00990974

    Listing office TRI Commercial | Walnut Creek

    Listing date Nov 21, 2025

    Source Tricommercial

    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 TRI Commercial | Walnut Creek

    HighLights

    • Prime Location in Downtown San Jose on San Carlos Street/Stevens Creek Blvd
    • Proximity to Residential Redevelopment Projects
    • Immediate Access to I‑280 and Highway 87
    • SBA Financing Opportunity
    • Vacant Occupancy
    • Two (2) Grade Level Doors

    Overview

    This single-story, freestanding flex/industrial/retail property is located in downtown San Jose on San Carlos Street/Stevens Creek Blvd, a major thoroughfare. The property is situated in a rapidly transforming neighborhood, surrounded by numerous residential redevelopment projects expected to significantly boost local activity. It benefits from close proximity to many restaurants and retail amenities, as well as immediate access to I-280 and Highway 87. The building was built in 1920 and includes extra space in the basement, which is not included in the total building size. The total land size is approximately 21,345 square feet. The property features two grade-level doors and is currently vacant. The zoning is Transit Residential, and buyers should verify zoning and approved uses. There is an SBA financing opportunity. Power specifications are to be determined and verified by the buyer.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $2.57M
    NOI $231,434 @ 9.00% cap · cautious / downside scenario
    Moderate
    $3.31M
    NOI $231,434 @ 7.00% cap · market / base-case scenario
    Aggressive
    $4.63M
    NOI $231,434 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $346.5k $40.44
    − Vacancy −$15.9k −$1.85
    EGI $330.6k $38.59
    − OpEx −$99.2k −$11.58
    NOI $231.4k $27.01
    8,568 SF · lease $40.44/SF/yr · vacancy 4.58% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $3.31M
    $2.89M – $3.86M (±1% cap)
    NOI $231,434 @ 7.0% cap · market cap 7.71%
    Second Best
    Flex RnD
    $2.28M
    $1.99M – $2.66M (±1% cap)
    NOI $159,523 @ 7.0% cap · market cap 5.32%
    Theoretical Best
    Office A
    $5.17M
    $4.53M – $6.04M (±1% cap)
    NOI $362,213 @ 7.0% cap · market cap 12.07%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    One Republic Fitness ... Gym & Fitness Center

    Suggested Use

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

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

    Similar Places Nearby

    • Buddy's Batch — 355 Meridian Ave, San Jose, CA 95126
    • Carroll's Catering — San Jose, CA 95126
    • My Hero Kitchen — 355 Meridian Ave, San Jose, CA 95126
    • My Green Lunch — 355 Meridian Ave, San Jose, CA 95126
    • Golden State Ice Cream — 330 Race St, San Jose, CA 95126

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.905
    Latitude
    37.3241

    Nearby Similar for Sale

    • $998,000
      1,282 SF

      San Jose Duplex Investment Opportunity

      Well-maintained duplex in San Jose with strong cash flow.
      3350-3352 Senter Rd, San Jose, CA 95111
      View Details
    • $1,995,000
      8,350 SF

      San Jose Medical Office Building

      Medical office building in downtown San Jose with four units.
      556 N 1st St, San Jose, CA 95112
      View Details
    • $1,550,000
      3,328 SF

      San Jose 4-Plex Investment Opportunity

      Fully rented 4-unit building with upside potential in San Jose.
      450 Lewis RD, San Jose, CA 95111
      View Details
    • $848,000
      1,100 SF

      Evergreen San Jose Office Condo

      Spacious office condo in a thriving San Jose location.
      1569 Lexann Ave 224, San Jose, CA 95121
      View Details
    • $749,000
      1,600 SF

      Medical Office Condo For Sale

      Medical/professional office condo near O'Connor Hospital, San Jose.
      2039 Forest Ave 304, San Jose, CA 95128
      View Details
    • $950,000

      Downtown Retail Near San Jose State

      Retail space with high foot traffic near San Jose State.
      420 E Santa Clara St, San Jose, CA 95113
      View Details
    • $625,000
      1,454 SF

      Alum Rock Professional Office Space

      Commercial office space suitable for healthcare practices and other businesses.
      1863 Alum Rock Ave C, San Jose, CA 95116
      View Details
    • $1,299,999
      1,534 SF

      Freestanding Office Building Rose Garden

      Updated 1,534 SF office building in Rose Garden neighborhood.
      1217 Park Ave, San Jose, CA 95126
      View Details
    • $849,999
      1,568 SF

      Move-in Ready San Jose Office Suite

      Commercial office suite ideal for medical or professional use.
      2114 Senter Road #6, SAN JOSE, CA 95112
      View Details
    • $375,000

      Spacious Home in 55+ Community

      Triple-wide home in a desirable 55+ community with amenities.
      353 Mill Pond 353, San Jose, CA 95125
      View Details
    • $529,000
      1,550 SF

      San Jose Senior Community Home

      Three-bedroom home in active San Jose senior community.
      829 Villa Teresa Way 829, San Jose, CA 95123
      View Details
    • $1,899,000

      San Jose Retail Investment Opportunity

      Rare mixed-use property with redevelopment potential in prime San Jose location.
      899 W San Carlos St 1, San Jose, CA 95126
      View Details

    FAQs

    What type of property is this?
    Flex space - Single-story flex/industrial/retail property in a transforming San Jose neighborhood.
    Where is this flex space located?
    The property is located at 757 W San Carlos St San Jose, CA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Prime Location in Downtown San Jose on San Carlos Street/Stevens Creek Blvd; Proximity to Residential Redevelopment Projects; Immediate Access to I‑280 and Highway 87
    (408) 413-3519
    We can help!
    Listing Contact
    Martin A. Morici
    Martin A. Morici
    Real Estate License ID: CalDRE #00990974
    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
    757 W San Carlos St, San Jose, CA 95126
    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!