Built-Out Restaurant
For Sale
$300,000
88 E San Carlos Street, San Jose, CA 95112
The asset sale includes kitchen equipment, furnishings and fixtures, while occupancy transfer depends on landlord approval and lease terms.
Property Size1,495 SF
Price / SF$200.67
Days on Market47
Property Features for 88 E San Carlos Street
General Information
Standard status
Active
Size
1,495 SF
Property subtype
Commercial
Zoning
DC
Site & Location
Neighborhood
Paseo
Additional Details
Furnished
Yes
Equipment Included
Yes
Currently Operating
Yes
Building Details
Building Size
1,495 SF
Listing Agency:
EQUITY FIRST REAL ESTATE
Listed By:
Milly Barros · License #01291981
(925) 634-9400
Source:
Equityfirstre
Added: Sep 8
Changed: Oct 23
Last Checked: Oct 23 at 5:58PM
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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Investment Insights
Based on property information with market context.
The offering consists of a 1,495 SF restaurant build-out in a mixed-use development at 88 E San Carlos Street in Downtown San Jose. Kitchen equipment, fixtures, furniture and associated improvements are included in the sale. The restaurant concept, business name, trademarks, recipes, intellectual property and other proprietary business assets are excluded; a buyer would bring a separate concept and brand.
The property is zoned DC. Any occupancy transfer is subject to landlord approval and agreement on lease terms.
The property is zoned DC. Any occupancy transfer is subject to landlord approval and agreement on lease terms.
Key Highlights
- Restaurant build‑out totals approximately 1,495 SF
- Kitchen equipment, furniture, fixtures and associated improvements are included
- Restaurant concept, brand, recipes and other proprietary business assets are excluded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,953
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,060
$499.1K
Cap Rate 7%
$356,471
$356.5K
Cap Rate 9%
$277,256
$277.3K
Market Conditions
NOI Build-Up for 1,495 SF
Gross rent
$38.6K $25.80/SF
− Vacancy
−$2.9K −$1.96/SF
EGI
$35.6K $23.84/SF
− OpEx
−$10.7K −$7.15/SF
NOI
$25.0K $16.69/SF
Area
San Jose, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,060
Cap Rate 7%
$356,471
Cap Rate 9%
$277,256
Alternative Uses
Best Use
Specialty Retail
$639.1K
$559.2K – $745.6K
NOI $44,738 @ 7.0% cap · market cap 14.91%
Second Best
Industrial
$356.5K
$311.9K – $415.9K
NOI $24,953 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$902.9K
$790.0K – $1.05M
NOI $63,201 @ 7.0% cap · market cap 21.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,957
Businesses Nearby
125k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 30%
Dining 29%
Shops & Services 25%
Groceries 17%
7-Eleven
Shops & Services
23,335 visits/mo
0.3 miles
Jack in the Box
Dining
22,860 visits/mo
0.1 miles
San Jose Marriott
Hotels & Casinos
21,448 visits/mo
0.2 miles
Grocery Outlet Bargain Market
Groceries
21,340 visits/mo
0.5 miles
Hyatt Place
Hotels & Casinos
11,717 visits/mo
0.4 miles
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
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
Similar Off Market Nearby
- Chucky doll pizza place — san jose, ca 95112
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The asset sale includes kitchen equipment, furnishings and fixtures, while occupancy transfer depends on landlord approval and lease terms.
Where is this conventional restaurant located?
The property is located at 88 E San Carlos Street San Jose, CA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Restaurant build‑out totals approximately 1,495 SF; Kitchen equipment, furniture, fixtures and associated improvements are included; Restaurant concept, brand, recipes and other proprietary business assets are excluded
