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    1655 Berryessa Rd San Jose, CA 95133

    Sponsored
    For Sale
    $18,500,000

    Prime 2.23-acre development site in San Jose.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.23-acre commercial land parcel presents a unique investment opportunity in San Jose's burgeoning Berryessa district. Located at 1655 Berryessa Road, this site is strategically positioned within the Facchino District of the Berryessa BART Urban Village plan, offering significant development potential. The planned capacity for the greater Facchino District encompasses up to 820 residential units and up to 464,000 square feet of commercial space, ensuring a vibrant and growing surrounding community. This property's prime location is adjacent to the thriving Market Park transit-oriented development, which boasts a 101,000 square foot retail center anchored by Safeway and CVS. Market Park also includes 1,000 existing and up to 3,450 future residential units, and up to 3.5 million square feet of commercial space, creating a robust and dynamic environment. Potential development options for this 2.23-acre site include office space or an assisted living facility, catering to the growing demand in this rapidly developing area. The asking price for this exceptional property is $18,500,000. This is a rare chance to acquire a significant land parcel in a high-growth area with excellent infrastructure and strong future prospects. The property is situated in Santa Clara County, California, with a zip code of 95133.

    Property Features for 1655 Berryessa Rd

    General Information

    Property type
    Land
    Lot Size
    97,139 SF

    HighLights

    • $18,500,000 asking price.
    • 2.23‑acre commercial land parcel.
    • Located at 1655 Berryessa Rd, San Jose, CA 95133.
    • Development potential includes office or assisted living.
    • Situated within the Berryessa BART Urban Village plan's Facchino District, adjacent to a major retail center and significant residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Celtis Group, Inc. Landscaper Facchino Freight Lines Trucking Company

    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
    -121.8772963
    Latitude
    37.3729891

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    FAQs

    What type of property is this?
    Land - Prime 2.23-acre development site in San Jose.
    Where is this land located?
    The property is located at 1655 Berryessa Rd San Jose, CA.
    What is the asking price?
    The asking price for this property is $18,500,000.
    What are key features of this property?
    This property features: $18,500,000 asking price.; 2.23-acre commercial land parcel.; Located at 1655 Berryessa Rd, San Jose, CA 95133.
    Request Owner's contact information
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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
    1655 Berryessa Rd San Jose, CA 95133
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