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    959 Story Rd San Jose, CA 95122

    Sponsored
    For Sale
    $798,600

    Own Your San Jose Business! 1,210 SF, 2-Story Condo

    Property size:
    1,210 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Prime San Jose retail condominium for sale at $798,600. This 1,210 square foot, two-story unit is located in the thriving Vietnam Town shopping center at 959 Story Rd Suite 5165, San Jose, CA 95122, within Santa Clara County. Built in 2017, this property offers a fantastic opportunity for business owners seeking to own their space. The unit is part of a larger complex with a mix of retail and professional office spaces, providing a diverse and vibrant business environment. The property features a 16-foot clear height (approximate) and comes with a completed restroom. Electrical service is 100 Amps, 120/208 Volt, 3-phase 4-wire. Units can be combined to create larger spaces, offering flexibility for expanding businesses. The convenient location provides easy access to Highways 101, 280, and 680, as well as Mineta San Jose International Airport. SBA financing is available, allowing for potentially low down payments. A lease-to-own option is also available for upstairs units, with a lease rate as low as $2.00 per square foot NNN, including a six-month base rent concession and a three-year lease term. The purchase price is locked in, with the buyer able to exercise the purchase option within two years. This is an exceptional opportunity to own a newly built commercial property in a high-growth area, eliminating ongoing lease payments and providing long-term investment potential. The property's APN is 472-47-237. Occupancy is available March 14, 2024.

    Property Features for 959 Story Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    1,210 SF

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    2

    HighLights

    • $798,600 asking price for this retail property.
    • 1,210 square foot shopping center/storefront in a two‑story building.
    • Located at 959 Story Rd Suite 5165, San Jose, CA 95122 (APN: 472‑47‑237).
    • Built in 2017, with an occupancy date of March 14, 2024.
    • SBA financing available, allowing for potential purchase with as little as 10% down.
    Property Profile Location Intelligence

    Current Use by Public Records

    MH Beauty & Spa Spa

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.8584133
    Latitude
    37.3328726

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    FAQs

    What type of property is this?
    Lifestyle center - Own Your San Jose Business! 1,210 SF, 2-Story Condo
    Where is this lifestyle center located?
    The property is located at 959 Story Rd San Jose, CA.
    What is the asking price?
    The asking price for this property is $798,600.
    What are key features of this property?
    This property features: $798,600 asking price for this retail property.; 1,210 square foot shopping center/storefront in a two-story building.; Located at 959 Story Rd Suite 5165, San Jose, CA 95122 (APN: 472-47-237).
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    Realmo Value Estimation

    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.

    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.

    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
    959 Story Rd San Jose, CA 95122
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