San Jose Commercial
959 Story Rd Bldg H 1st floor 5170, San Jose, CA 95122
Professional and retail commercial condominiums available in a growing shopping center.
Type:Retail
Property size:
1,210 SFPrice / SF:
$660/SF- Added:
- May 16, 2024
- Days on Market:
- 747
- Last Refresh:
- May 12 at 8:35 pm
Property Features for 959 Story Rd Bldg H 1st floor 5170
General Information
- Standard status
- Active
- Size
- 1,210 SF
- Property subtype
- Retail
Listing agent Jeff Vo License #1441068
Listing office GD Commercial Real Estate Inc.
Listing date May 16, 2024
Source Crexi
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.
HighLights
- Opportunity to OWN commercial property in a rapidly growing shopping center (Vietnam Town).
- SBA financing available at 90% of the purchase price.
- Lease‑to‑Own program available with locked‑in purchase price and option to buy within two years.
- Ideal location for medical, professional services, and retail businesses.
- Convenient access to Highways 101, 280, 680, and San Jose International Airport.
- Units can be combined for larger square footage, ranging from ±558 SF to ±1,583 SF.
Overview
Commercial condominiums are available for purchase in the Vietnam Town shopping center. These newly built properties offer an alternative to leasing. The location is suitable for medical, dental, clinic, urgent care, surgery, and healthcare provider facilities, as well as professional and service offices such as optometry, acupuncture, insurance, real estate, finance, legal and law firms, immigration, cosmetics, and beauty salons. Retail tenants may include branded fashion shops, grocery markets, gift shops, product stores, teashops, food to-go, and restaurants. Financing is available through the Small Business Administration (SBA) at 90% of the purchase price. The properties offer long-term tenant potential, low maintenance costs, rental income, and investment returns. The location provides easy access to Highways 101, 280, and 680, and is minutes from Mineta San Jose International Airport. A Lease-To-Own Program is available for upstairs units, with lease rates starting at $2.00 per square foot NNN. The lease term is 3 years, with a purchase option exercisable within two years. Building features include a 16-foot clear height (approximate). Unit sizes range from approximately 558 to 1,583 square feet, and units can be combined for larger square footage. There are a total of 17 office and 17 retail units. Each unit includes a completed restroom. Power is supplied at 100 Amps, 120/208 Volt, 3-phase 4-wire.
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 | $67.8k | $56.04 |
| − Vacancy | −$11.1k | −$9.13 |
| EGI | $56.8k | $46.91 |
| − OpEx | −$14.2k | −$11.73 |
| NOI | $42.6k | $35.18 |
1,210 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$608.1K
$532.1K – $709.5K
NOI $42,567 @ 7.0% cap · market cap 5.33%
Second Best
Retail
$466.9K
$408.6K – $544.7K
NOI $32,684 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$730.5K
$639.2K – $852.3K
NOI $51,135 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.8793544
- Latitude
- 37.3214184
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Professional and retail commercial condominiums available in a growing shopping center.
Where is this retail space located?
The property is located at 959 Story Rd Bldg H 1st floor 5170 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: Opportunity to OWN commercial property in a rapidly growing shopping center (Vietnam Town).; SBA financing available at 90% of the purchase price.; Lease‑to‑Own program available with locked‑in purchase price and option to buy within two years.
