Freestanding Flex/Industrial/Retail San Jose
San Jose, CA 95126, San Jose, CA 95126
Single-story flex/industrial/retail property in a rapidly transforming San Jose neighborhood.
Type:Industrial
Property size:
8,568 SFPrice / SF:
$350/SF- Added:
- Nov 25, 2025
- Days on Market:
- 179
- Last Refresh:
- Apr 5 at 8:27 pm
Property Features
General Information
- Standard status
- Active
- Size
- 8,568 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1920
Listing agent Martin A. Morici License #CalDRE #00990974 (408) 413-3519
Listing office TRI Commercial | Walnut Creek (408) 413-3519
Listing date Nov 25, 2025
Source Corfac
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 TRI Commercial | Walnut Creek
HighLights
- Prime location in rapidly transforming downtown San Jose neighborhood with residential redevelopment projects.
- Immediate access to I‑280 and Highway 87.
- Rare freestanding single‑story flex/industrial/retail property.
- Vacant occupancy for immediate use or redevelopment.
- SBA financing opportunity.
- Two (2) grade‑level doors.
Overview
This single-story, freestanding flex/industrial/retail property is located in downtown San Jose on San Carlos Street/Stevens Creek Blvd, a major thoroughfare. Situated in a rapidly transforming neighborhood, the property is surrounded by numerous residential redevelopment projects expected to significantly boost local activity. It benefits from close proximity to many restaurants and retail amenities, as well as immediate access to I-280 and Highway 87. The property, built in 1920, has a total land size of approximately 21,345 square feet and includes extra space in the basement, which is not included in the total building size of 8,568 square feet. The property is vacant and features two grade-level doors. The zoning is Transit Residential, and buyers should verify zoning and approved uses. SBA financing opportunities may be available. Power specifications are to be determined and verified by the buyer.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$2.57M
NOI $231,434 @ 9.00% cap · cautious / downside scenario
Moderate
$3.31M
NOI $231,434 @ 7.00% cap · market / base-case scenario
Aggressive
$4.63M
NOI $231,434 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $346.5k | $40.44 |
| − Vacancy | −$15.9k | −$1.85 |
| EGI | $330.6k | $38.59 |
| − OpEx | −$99.2k | −$11.58 |
| NOI | $231.4k | $27.01 |
8,568 SF · lease $40.44/SF/yr · vacancy 4.58% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$3.31M
$2.89M – $3.86M
NOI $231,434 @ 7.0% cap · market cap 7.71%
Second Best
Flex RnD
$2.28M
$1.99M – $2.66M
NOI $159,523 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$5.17M
$4.53M – $6.04M
NOI $362,213 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- Moveable — 566 S Almaden Ave, San Jose, CA 95110
- Greg Casella Presents — 12 S 1st St #229, San Jose, CA 95113
- Robee's Falafel — 87 N San Pedro St, San Jose, CA 95110
- Breakthrough Sushi — 99 S Almaden Blvd #600, San Jose, CA 95113
- California Wet Burrito — 336 E William St, San Jose, CA 95112
Map
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.905
- Latitude
- 37.3241
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Single-story flex/industrial/retail property in a rapidly transforming San Jose neighborhood.
Where is this flex space located?
The property is located at San Jose, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Prime location in rapidly transforming downtown San Jose neighborhood with residential redevelopment projects.; Immediate access to I‑280 and Highway 87.; Rare freestanding single‑story flex/industrial/retail property.
