Large Lot with Five-Bedroom
For Sale
$1,275,000
855 N 12th Street San, San Jose, CA 95112
Double-wide lot with development potential in a convenient location.
Property Size1,544 SF
Lot Size0.25 Acres
Price / SF$796.88
Days on Market166
Property Features for 855 N 12th Street San
General Information
Standard status
Active
Size
1,544 SF
Lot size
0.25 Acres
Property subtype
Duplex
Amenities
Central Forced Air
Public Utilities, Water - Public, Composition
Building Details
Building Size
1,544 SF
Year Built
1950
Listing Agency:
Intero Real Estate Services
(408) 646-3370
Listed By:
Jose Duarte
(408) 646-3370
Source:
Kw
Added: Feb 27
Changed: Aug 8
Last Checked: Jul 16 at 8:32AM
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 Intero Real Estate Services
Investment Insights
Based on property information with market context.
This property features a double-wide lot with a five-bedroom home, presenting various possibilities for development, remodeling, or expansion. The parcel may accommodate up to 8 units, subject to city permits. Opportunities exist for constructing an Accessory Dwelling Unit (ADU) and a Junior Accessory Dwelling Unit (Jr. ADU), catering to multi-generational living or rental income. The existing home is approximately 1600 square feet and situated on a 1/4 acre lot. The property is suitable as an investment or for a large or expanding family. Its location offers proximity to hospitals, schools, shopping centers, and convenient freeway access. The property is located in a quiet area and offers development potential. The current renters are on a month-to-month lease.
Key Highlights
- Large 1/4 acre double‑wide lot with potential for development (buyer to verify with city).
- Opportunity to build ADU and Jr. ADU for multi‑generational living or rental income (buyer to verify with city).
- Spacious 5‑bedroom home (approx. 1600 sq ft) suitable for large or expanding families.
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
$36,025
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
2.83%
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%
$720,500
$720.5K
Cap Rate 7%
$514,643
$514.6K
Cap Rate 9%
$400,278
$400.3K
Market Conditions
NOI Build-Up for 1,600 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
$53.8K $33.60/SF
− Vacancy
−$2.3K −$1.43/SF
EGI
$51.5K $32.17/SF
− OpEx
−$15.4K −$9.65/SF
NOI
$36.0K $22.52/SF
Area
San Jose, CA
Vacancy
4.27%
Lease Rate
$33.60 /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%
$720,500
Cap Rate 7%
$514,643
Cap Rate 9%
$400,278
Alternative Uses
Best Use
Multifamily LT 5
$514.6K
$450.3K – $600.4K
NOI $36,025 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$475.4K
$416.0K – $554.7K
NOI $33,280 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$966.3K
$845.5K – $1.13M
NOI $67,640 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
Explore this area
Business Placement
Demographics for 95112, CA
60,754
Population
22,969
Households
2.6
Avg Household Size
33
Median Age
39%
College-Educated
82%
High-School Grad
7.3 sq mi
ZIP Area
8,322
Density / Sq Mi
$89,649
Median Household Income
$45,690
Median Earnings
$2,095
Median Rent
$956,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Double-wide lot with development potential in a convenient location.
Where is this duplex located?
The property is located at 855 N 12th Street San San Jose, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Large 1/4 acre double‑wide lot with potential for development (buyer to verify with city).; Opportunity to build ADU and Jr. ADU for multi‑generational living or rental income (buyer to verify with city).; Spacious 5‑bedroom home (approx. 1600 sq ft) suitable for large or expanding families.
