Retail Corner Building
For Sale
Contact for pricing
885-899 S 1st St, San Jose, CA 95110
Prime signalized corner site with stable income and development upside in San Jose, with immediate access to public transportation.
Property Size7,250 SF
Price / SF$620
Days on Market83
Property Features for 885-899 S 1st St
General Information
Standard status
Active
Size
7,250 SF
Property subtype
RETAIL
Listing Agency:
Avison Young | Palo Alto
(424) 265-9200
Listed By:
Lloyd Bakan · License #01914446
(424) 265-9200
Source:
Moodyscre
Added: May 11
Changed: Jul 26
Last Checked: Jul 31 at 1:43PM
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 Avison Young | Palo Alto
Investment Insights
Based on property information with market context.
This retail corner building is offered for sale as a package, with the building required to be sold together. The property is positioned for redevelopment and also provides stable income, according to the seller’s remarks.
The asset sits at a prime signalized corner intersection in a rapidly growing San Jose neighborhood. Immediate access to a wide range of public transportation options supports convenient customer and workforce access.
Additional information beyond the provided overview, including unit mix, exact tenancy details, and specific redevelopment parameters, is not included here.
The asset sits at a prime signalized corner intersection in a rapidly growing San Jose neighborhood. Immediate access to a wide range of public transportation options supports convenient customer and workforce access.
Additional information beyond the provided overview, including unit mix, exact tenancy details, and specific redevelopment parameters, is not included here.
Key Highlights
- Building must be sold together
- Located on a signalized corner intersection
- Stable income with development upside
Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $293.2k | $40.44 |
| − Vacancy | −$13.4k | −$1.85 |
| EGI | $279.8k | $38.59 |
| − OpEx | −$83.9k | −$11.58 |
| NOI | $195.8k | $27.01 |
7,250 SF · lease $40.44/SF/yr · vacancy 4.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.80M
$2.45M – $3.26M
NOI $195,833 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.38M
$3.83M – $5.11M
NOI $306,495 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,928
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
6,724 visits/mo
0.4 miles
Carquest Auto Parts # 8079
Shops & Services
2,689 visits/mo
0.0 miles
Caliber Collision
Shops & Services
1,191 visits/mo
0.3 miles
Demographics for 95110, CA
20,495
Population
7,568
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
4,455
Density / Sq Mi
$132,800
Median Household Income
$60,241
Median Earnings
$2,629
Median Rent
$947,900
Median Home Value
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 - Prime signalized corner site with stable income and development upside in San Jose, with immediate access to public transportation.
Where is this storefront property located?
The property is located at 885-899 S 1st St San Jose, CA.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Building must be sold together; Located on a signalized corner intersection; Stable income with development upside
