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    959 Story Rd San Jose, CA 95122

    Sponsored
    For Sale
    $658,900

    Prime San Jose retail space, 1,198 sq ft.

    Property size:
    1,198 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1,198 square foot commercial condominium, located at 959 Story Rd Suite 5220 in San Jose, California (zip code 95122), presents a fantastic investment opportunity. Situated in the rapidly growing Vietnam Town shopping center at the intersection of Story Road and Lucretia Avenue, this newly built property offers significant advantages. The asking price is $658,900, translating to $550 per square foot. Owners have the flexibility to customize interior improvements to meet their specific business needs, and there's the potential to combine units for larger spaces. This property is ideal for a variety of uses, including medical, professional, and retail businesses. The location provides convenient access to Highways 101, 280, and 680, as well as Mineta San Jose International Airport. Small Business Administration (SBA) financing is available, allowing for ownership with as little as 10% down payment. A unique Lease-to-Own program is also offered, with lease rates as low as $2.00 per square foot (NNN), including a potential six-month rent-free period and a three-year lease term. The purchase price is locked in, and the buyer can exercise the purchase option within two years. The building features approximately 16-foot clear height ceilings, and units range from 558 to 1,583 square feet. A total of 17 office and 17 retail units are available, each with a completed restroom and 100-amp, 120/208-volt, 3-phase 4-wire power.

    Property Features for 959 Story Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    1,198 SF

    HighLights

    • $658,900 asking price for a 1,198 square foot retail condo.
    • Located at 959 Story Rd Suite 5220, San Jose, CA 95122.
    • Price per square foot is $550.
    • Newly built commercial condominium in a high‑growth area at the intersection of Story Road and Lucretia Ave.
    • SBA financing available with as little as 10% down payment.
    • Units are customizable and can be combined for larger spaces.
    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
    -121.8588518
    Latitude
    37.3324894

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    FAQs

    What type of property is this?
    Lifestyle center - Prime San Jose retail space, 1,198 sq ft.
    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 $658,900.
    What are key features of this property?
    This property features: $658,900 asking price for a 1,198 square foot retail condo.; Located at 959 Story Rd Suite 5220, San Jose, CA 95122.; Price per square foot is $550.
    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
    959 Story Rd San Jose, CA 95122
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