Retail/Medical Space at Vietnam
959 Story Road #5165, San Jose, CA 95122
For Sale
$780,300
Retail, medical, and professional spaces for sale.
Property Size1,210 SF
Price / SF$644.88
Days on Market984
Property Features for 959 Story Road #5165
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Common Garage
Bitumen Roof
Covered Parking
Elevator/Lift
No Heat Heating
Parking Area
Wheelchair Access
Building Details
Year Built
Listing Agency:
GD COMMERCIAL REAL ESTATE INC
(408) 955-9900
Listed By:
JEFF VO · License CA #01441068
(408) 680-6340
Source:
Corcoran
Added: Mar 6, 2024
Changed: Aug 24
Last Checked: Aug 14 at 6:01AM
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
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Investment Insights
Based on property information with market context.
Available for purchase are restaurant, medical, professional, and retail spaces located within the Shops at Vietnam Town. The property offers an opportunity for ownership rather than leasing. It is positioned as a convenient location for medical, dental, clinic, urgent care, surgery, and healthcare provider facilities. The sizes of available spaces range from approximately 600 to approximately 1,600 square feet, with the option to combine multiple units for larger configurations. The property is located at 959 Story Road #5165, San Jose, CA 95122 and has a property size of 1210 square feet.
Key Highlights
- Opportunity to OWN instead of LEASING commercial space.
- Located in the Shops at Vietnam Town, a fast‑growing lifestyle center.
- Suitable for a variety of uses: Restaurant, Medical, Professional, and Retail.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,567
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,340
$851.3K
Cap Rate 7%
$608,100
$608.1K
Cap Rate 9%
$472,967
$473.0K
Market Conditions
NOI Build-Up for 1,210 SF
Gross rent
$67.8K $56.04/SF
− Vacancy
−$11.1K −$9.13/SF
EGI
$56.8K $46.91/SF
− OpEx
−$14.2K −$11.73/SF
NOI
$42.6K $35.18/SF
Area
ZIP 95122
Vacancy
16.30%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,340
Cap Rate 7%
$608,100
Cap Rate 9%
$472,967
Alternative Uses
Best Use
Office B
$608.1K
$532.1K – $709.5K
NOI $42,567 @ 7.0% cap · market cap 5.46%
Second Best
Retail
$466.9K
$408.6K – $544.7K
NOI $32,684 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$730.5K
$639.2K – $852.3K
NOI $51,135 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 95122, CA
54,056
Population
12,560
Households
4.3
Avg Household Size
36
Median Age
18%
College-Educated
65%
High-School Grad
4.8 sq mi
ZIP Area
11,262
Density / Sq Mi
$103,406
Median Household Income
$41,704
Median Earnings
$2,424
Median Rent
$838,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in San Jose, CA
Properties on Market for Retail space in San Jose
Vacancy Rate% for Office in San Jose, CA
Frequently Asked Questions
What type of property is this?
Retail space - Retail, medical, and professional spaces for sale.
Where is this retail space located?
The property is located at 959 Story Road #5165 San Jose, CA.
What is the asking price?
The asking price for this property is $780,300.
What are key features of this property?
This property features: Opportunity to OWN instead of LEASING commercial space.; Located in the Shops at Vietnam Town, a fast‑growing lifestyle center.; Suitable for a variety of uses: Restaurant, Medical, Professional, and Retail.
