Retail and Office Condominium
969 Story Road San Jose, CA 95122
969 Story Road, San Jose, CA, 95122
Contact for pricing
For Sale
Contact for pricing
Two-condo commercial building with flexible retail and office space and select built-out suites near major San Jose freeways.
Property Size1,697 SF
Price / SF$987.04
Days on Market50
Property Features for 969 Story Road
General Information
- Standard status
- Active
- Size
- 1,697 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2010
Listing Agency
Marcus & Millichap - Palo Alto
(650) 391-1764
Listed by
Yuri Sergunin, CCIM · License #01908322
Source
Crexi
Added: May 28 Checked: Jul 16 at 12:04 pm
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 Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
969 Story Road is a modern commercial property comprised of two condominiums, offering flexible retail and office configurations for a range of commercial uses. Select suites feature fully built-out interiors with private offices, conference rooms, restrooms, and mezzanine storage, supporting efficient occupancy with limited upfront improvements.
The building is positioned along Story Road within East San Jose’s retail and business corridor. The property is described as benefiting from visibility and is surrounded by neighborhood-serving retail, restaurants, professional services, and cultural destinations. Access is supported by nearby Highways 101, 280, and 680, and the property includes ample parking for customers, employees, and clients.
This setup can work well for owner-users seeking a commercial condominium with built-out office amenities, as well as for investors and professional or service-oriented operators who value adaptable retail/office space. The combination of flexible unit configurations, select turn-key interiors, and convenient freeway connectivity is intended to support both day-to-day client traffic and ongoing workplace functionality.
The building is positioned along Story Road within East San Jose’s retail and business corridor. The property is described as benefiting from visibility and is surrounded by neighborhood-serving retail, restaurants, professional services, and cultural destinations. Access is supported by nearby Highways 101, 280, and 680, and the property includes ample parking for customers, employees, and clients.
This setup can work well for owner-users seeking a commercial condominium with built-out office amenities, as well as for investors and professional or service-oriented operators who value adaptable retail/office space. The combination of flexible unit configurations, select turn-key interiors, and convenient freeway connectivity is intended to support both day-to-day client traffic and ongoing workplace functionality.
Key Highlights
- Two‑condominium commercial building built in 2010 on Story Road in East San Jose
- Flexible retail and office configuration with space suited for owner‑users, investors, and service or office uses
- Select suites include built‑out interiors with private offices, conference rooms, restrooms, and mezzanine storage
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 | $95.1k | $56.04 |
| − Vacancy | −$15.5k | −$9.13 |
| EGI | $79.6k | $46.91 |
| − OpEx | −$19.9k | −$11.73 |
| NOI | $59.7k | $35.18 |
1,697 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$852.8K
$746.2K – $995.0K
NOI $59,699 @ 7.0% cap · market cap 3.56%
Second Best
Retail
$654.8K
$573.0K – $764.0K
NOI $45,839 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$1.02M
$896.4K – $1.20M
NOI $71,715 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Fifth Element Lounge
Hotel & Motel
Sunkissed salon
Hair Salon
Ao Dai Bridal ...
(Bike/Boat/Book/etc) Store
Tofu's Trading
(Bike/Boat/Book/etc) Store
Dr. Dan Dang
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-condo commercial building with flexible retail and office space and select built-out suites near major San Jose freeways.
Where is this retail space located?
The property is located at 969 Story Road San Jose, CA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Two‑condominium commercial building built in 2010 on Story Road in East San Jose; Flexible retail and office configuration with space suited for owner‑users, investors, and service or office uses; Select suites include built‑out interiors with private offices, conference rooms, restrooms, and mezzanine storage
