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    705 Capitol Expy San Jose, CA 95136

    Sponsored
    For Lease
    $2 SF/Yr ($1,237 /Mo)

    High-visibility retail space, 6,600 sq ft available.

    Lot size:
    6,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    426
    This exceptional retail property, located at 705 W Capitol Expressway in San Jose, California (zip code 95136), offers 6,600 square feet of vacant space, perfect for multiple tenants. The property is situated in Santa Clara County and boasts high street visibility and high traffic volume, making it an ideal location for businesses seeking maximum exposure. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 1,800 square feet, providing flexibility for various business needs. The property features abundant parking, a significant advantage for customers and employees. Its strategic location near the Capitol Auto Mall ensures a constant flow of potential customers. Furthermore, its proximity to multiple high-residential communities and easy access to Highways 87 and 85 provide excellent accessibility for both employees and customers. This prime retail location presents a unique opportunity for businesses seeking a thriving commercial space in a high-traffic area with ample parking and convenient access to major transportation routes. The property is classified as Commercial Retail with multiple tenancy options.

    Property Features for 705 Capitol Expy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,600 SF
    Total Rate
    1237.5

    Spaces For Lease

    at 705 Capitol Expy, San Jose, CA 95136 Contact us
    Unit Suite 80

    $2 /Mo

    Size
    1,800 SF
    Contact us
    Unit Suite 50

    $3 /Mo

    Size
    1,200 SF
    Contact us
    Unit Suite 30

    $2 /Mo

    Size
    1,200 SF
    Contact us
    Unit Suite 60

    $2 /Mo

    Size
    1,200 SF
    Contact us
    Unit Suite 70

    $2 /Mo

    Size
    1,200 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Mike Kronzer

    Learn more

    HighLights

    • High street visibility and high traffic volume in a prime San Jose location.
    • Abundant on‑site parking.
    • Proximity to multiple residential communities.
    • Convenient access to Highways 87 and 85.
    • Located near McDonald's, Premier Car Wash, Popeyes, and Fast Signs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brooke Auto Insurance Insurance Agency Best in Class Education ... Tutoring Service Italian Renaissance Swordsmanship ... Sports School Popeyes Louisiana Kitchen Restaurant Kittiez Haircuts For Men- ... Barber Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -121.8644379
    Latitude
    37.2751908

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    FAQs

    What type of property is this?
    Retail property - High-visibility retail space, 6,600 sq ft available.
    Where is this retail property located?
    The property is located at 705 Capitol Expy San Jose, CA.
    What is the lease rate?
    The lease rate is $2-$3 SF/Yr.
    What are key features of this property?
    This property features: High street visibility and high traffic volume in a prime San Jose location.; Abundant on-site parking.; Proximity to multiple residential communities.
    Request Owner's contact information
    705 Capitol Expy San Jose, CA 95136
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    San Jose, CA 95136
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    705 Capitol Expy San Jose, CA 95136
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    Mike Kronzer
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