San Jose Commercial Condominiums For
959 Story Rd Bldg H 2nd floor 5280 San Jose, CA 95122
959 Story Rd Bldg H 2nd floor 5280, San Jose, CA, 95122
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For Sale
Contact for pricing
Medical, professional, and retail commercial condominiums available for purchase.
Property Size1,029 SF
Price / SF$550
Days on Market794
Property Features for 959 Story Rd Bldg H 2nd floor 5280
General Information
- Standard status
- Active
- Size
- 1,029 SF
- Property subtype
- Retail
Listing Agency
GD Commercial Real Estate Inc.
(408) 877-9900
Listed by
Trinh Wong · License #01482858
Source
Crexi
Added: May 16, 2024 Checked: Jul 17 at 4:38 am
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 GD Commercial Real Estate Inc.
Investment Insights
Based on property information with market context.
Commercial condominiums are available in a neighborhood shopping center located between Walmart and Grand Century Mall. These newly built properties offer an alternative to leasing, suitable for medical, dental, clinic, urgent care, surgery, and healthcare provider facilities. They are also suitable for professional and service offices such as optometry, acupuncture, insurance, real estate, finance, legal and law firms, immigration, cosmetics, beauty salon, and non-profit organizations. Retail tenant mix can include branded fashion shops, grocery market, gift shops, product stores, teashops, food to-go, and restaurants. Financing is available through the Small Business Administration at 90% of the purchase price. The location provides easy access to Highways 101, 280, and 680, and Mineta San Jose International Airport. A Lease-To-Own Program is available, allowing a Tenant/Buyer or company to lease its new business property until it is ready to buy with the purchase price locked in. Upstairs units are available for Lease-to-Own program with lease rates as low as $2.00 per Sq.Ft. NNN. Free Six (6) months base rent Lease Term: 3 years. Locked in Purchase price today. Buyer can exercise the purchase option within two years. The building features approximately 16’ clear height. Unit sizes range from approximately 558 SF to 1,583 SF, and units can be combined for larger square footage. There are a total of 17 office and 17 retail units. Each unit comes with a single completed restroom. Power: 100 Amps, 120/208 Volt, 3-phase 4-wire.
Key Highlights
- Opportunity to OWN commercial property in a high‑growth area (Vietnam Town) instead of leasing.
- SBA financing available at 90% of the purchase price.
- Lease‑to‑Own program available with locked‑in purchase price.
Local Financial Insights For Office B
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 | $57.7k | $56.04 |
| − Vacancy | −$9.4k | −$9.13 |
| EGI | $48.3k | $46.91 |
| − OpEx | −$12.1k | −$11.73 |
| NOI | $36.2k | $35.18 |
1,029 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$517.1K
$452.5K – $603.3K
NOI $36,199 @ 7.0% cap · market cap 6.40%
Second Best
Retail
$397.1K
$347.4K – $463.3K
NOI $27,795 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$621.2K
$543.6K – $724.8K
NOI $43,486 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Medical, professional, and retail commercial condominiums available for purchase.
Where is this retail space located?
The property is located at 959 Story Rd Bldg H 2nd floor 5280 San Jose, CA.
What is the asking price?
The asking price for this property is $565,950.
What are key features of this property?
This property features: Opportunity to OWN commercial property in a high‑growth area (Vietnam Town) instead of leasing.; SBA financing available at 90% of the purchase price.; Lease‑to‑Own program available with locked‑in purchase price.
