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    2400 Monterey Hwy San Jose, CA 95111

    Sponsored
    For Sale
    $4,500,000

    High-Traffic Retail Complex, 4 Tenants

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional multi-tenant retail property, located at 2400 Monterey Highway in San Jose, California, presents a compelling investment opportunity. The 5,000 square foot complex sits on a highly visible 0.62-acre corner lot, boasting a 4.65% cap rate and a strong net operating income (NOI) of $209,099. Currently 100% occupied by four tenants—a restaurant, an auto shop, a taco truck spot, and a billboard—the property benefits from a newly paved parking lot and a convenient location near major freeways (Hwy 280, Hwy 87, and Hwy 101), the Santa Clara County Fairgrounds, and numerous other retail establishments including McDonald's, Target, and more. Built in 1960 and extensively renovated in 2022, the property comprises two buildings with a permitted CIC zoning. The property features a high traffic count of over 35,000 ADT. Tenants are responsible for their utilities, while the landlord covers property insurance and taxes. Seller financing is available. The asking price is $4,500,000, translating to $900 per square foot. This prime location, strong tenancy, and attractive financial metrics make this a truly remarkable investment opportunity. The property's address is 2400 Monterey Hwy, San Jose, CA 95111, APN 497-38-018.

    Property Features for 2400 Monterey Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    5,000 SF
    Lot Size
    27,007 SF

    Building Details

    Year Built/Renovated
    1960/2022
    Buildings
    2
    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Sweet Beast Jerky Food And Beverage Exporter

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -121.8578399
    Latitude
    37.3007635

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    FAQs

    What type of property is this?
    Restaurant - High-Traffic Retail Complex, 4 Tenants
    Where is this restaurant located?
    The property is located at 2400 Monterey Hwy San Jose, CA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    Request Owner's contact information
    2400 Monterey Hwy San Jose, CA 95111
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    San Jose, CA 95111
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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
    2400 Monterey Hwy San Jose, CA 95111
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