Commercial Condos in Vietnam
959 Story Rd Bldg H 2nd floor 5255, San Jose, CA 95122
Professional and retail condos available in a growing shopping center.
Type:Retail
Property size:
673 SFPrice / SF:
$550/SF- Added:
- May 16, 2024
- Days on Market:
- 747
- Last Refresh:
- May 12 at 8:14 pm
Property Features for 959 Story Rd Bldg H 2nd floor 5255
General Information
- Standard status
- Active
- Size
- 673 SF
- Property subtype
- Retail
Listing agent Trinh Wong License #01482858
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.
- Convenient location with easy access to Highways 101, 280, 680 and the San Jose International Airport.
- Suitable for a variety of professional, retail, and medical businesses.
- Potential for long‑term tenant, low maintenance costs, and strong return on investment.
Overview
Commercial condominiums are available for purchase in the Vietnam Town shopping center, situated between Walmart and Grand Century Mall. 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 opportunities 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 property offers long-term tenant potential, low maintenance costs, rental income, and investment returns. The location provides access to Highways 101, 280, and 680, and is near the Mineta San Jose International Airport. A Lease-To-Own Program is available, allowing a Tenant/Buyer or company to lease the property until ready to buy, with the purchase price locked in. Upstairs units are available for the Lease-to-Own program with lease rates starting at $2.00 per Sq.Ft. NNN, with six months of free base rent for a 3-year lease term. The purchase option can be exercised within two years. The building features approximately 16’ clear height. Unit sizes range from approximately 558 SF to approximately 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 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 | $37.7k | $56.04 |
| − Vacancy | −$6.1k | −$9.13 |
| EGI | $31.6k | $46.91 |
| − OpEx | −$7.9k | −$11.73 |
| NOI | $23.7k | $35.18 |
673 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$338.2K
$296.0K – $394.6K
NOI $23,676 @ 7.0% cap · market cap 6.40%
Second Best
Retail
$259.7K
$227.2K – $303.0K
NOI $18,179 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$406.3K
$355.5K – $474.0K
NOI $28,441 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.8789289
- Latitude
- 37.3220304
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Professional and retail condos available in a growing shopping center.
Where is this retail space located?
The property is located at 959 Story Rd Bldg H 2nd floor 5255 San Jose, CA.
What is the asking price?
The asking price for this property is $370,150.
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.
