Retail Condominium with Fenced
For Sale
$479,000
A-14598 Big Basin Way, Saratoga, CA 95070
Retail condominium offered with neighboring Unit B, featuring a fenced patio at the front and current office use.
Property Size500 SF
Price / SF$958
Days on Market220
Property Features for A-14598 Big Basin Way
General Information
Standard status
Active
Size
500 SF
Listing Agency:
Montalvo Realty
Listed By:
Ismar Maslic · License #01313976
(408) 877-6000
Source:
Exprealty
Added: Jan 27
Changed: Sep 4
Last Checked: Sep 4 at 10:06AM
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 Montalvo Realty
Investment Insights
Based on property information with market context.
14598 Big Basin Way #A is a retail condominium of approximately 500 square feet, offered as part of a two-unit package and required to be sold together with neighboring Unit B. Each unit has a separate APN, and the offering is being marketed as a combined opportunity for buyers seeking more than one unit. The space is currently occupied by an investment firm office and includes a welcoming fenced patio right out front.
Located along Big Basin Way in Saratoga’s village district, the property provides storefront presence with access and visibility intended to serve both local and visitor traffic. Please respect the current tenant’s privacy; do not disturb.
Unit A’s front patio supports a customer-facing configuration, while the interior is set up for ongoing office use under the current tenancy.
Located along Big Basin Way in Saratoga’s village district, the property provides storefront presence with access and visibility intended to serve both local and visitor traffic. Please respect the current tenant’s privacy; do not disturb.
Unit A’s front patio supports a customer-facing configuration, while the interior is set up for ongoing office use under the current tenancy.
Key Highlights
- Approximately 500 sq ft retail condominium (Unit A) in Saratoga’s village district
- Offered as a two‑unit offering and must be sold together with neighboring Unit B
- Each unit has a separate APN
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,506
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$270,120
$270.1K
Cap Rate 7%
$192,943
$192.9K
Cap Rate 9%
$150,067
$150.1K
Market Conditions
NOI Build-Up for 500 SF
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.
Gross rent
$20.2K $40.44/SF
− Vacancy
−$926 −$1.85/SF
EGI
$19.3K $38.59/SF
− OpEx
−$5.8K −$11.58/SF
NOI
$13.5K $27.01/SF
Area
Santa Clara County, CA
Vacancy
4.58%
Lease Rate
$40.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$270,120
Cap Rate 7%
$192,943
Cap Rate 9%
$150,067
Alternative Uses
Best Use
Retail
$192.9K
$168.8K – $225.1K
NOI $13,506 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.9K
$264.1K – $352.2K
NOI $21,130 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
76
Shops & Services
13,533 visits/mo
0.1 miles
Chase Bank
Shops & Services
3,076 visits/mo
0.1 miles
Demographics for 95070, CA
32,419
Population
11,849
Households
2.7
Avg Household Size
49
Median Age
81%
College-Educated
97%
High-School Grad
28.3 sq mi
ZIP Area
1,146
Density / Sq Mi
$240,980
Median Household Income
$132,780
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail condominium offered with neighboring Unit B, featuring a fenced patio at the front and current office use.
Where is this retail space located?
The property is located at A-14598 Big Basin Way Saratoga, CA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Approximately 500 sq ft retail condominium (Unit A) in Saratoga’s village district; Offered as a two‑unit offering and must be sold together with neighboring Unit B; Each unit has a separate APN
