Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    959 2Nd St San Jose, CA 95122
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    959 2Nd St San Jose, CA 95122

    View on Map
    • Lifestyle centers
    • 1,198 SF
    For Sale
    $658,900
    View Listing →
    San Jose Retail Condo - $658,900 For Sale
    $658,900
    1,198 SF

    San Jose Retail Condo - $658,900

    Prime San Jose retail space, 1,198 sq ft.

    959 2Nd St, San Jose, CA 95122
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 959 2Nd St

    Property size
    1,198 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.859
    Latitude
    37.3325

    Comparable in this City

    • Value Estimation by Request
      673 SF

      959 2Nd St

      Lifestyle centers • 673 SF
      959 2Nd St, San Jose, CA 95122
      View Details
    • Value Estimation by Request
      558 SF

      959 Story Rd

      Lifestyle centers • 558 SF
      959 Story Rd, San Jose, CA 95122
      View Details
    • Value Estimation by Request
      1,210 SF

      959 Story Rd

      Lifestyle centers • 1,210 SF
      959 Story Rd, San Jose, CA 95122
      View Details
    • Value Estimation by Request
      1,198 SF

      959 Story Rd

      Lifestyle centers • 1,198 SF
      959 Story Rd, San Jose, CA 95122
      View Details
    • Value Estimation by Request
      1,198 SF

      959 Story Rd

      Lifestyle centers • 1,198 SF
      959 Story Rd, San Jose, CA 95122
      View Details
    • Value Estimation by Request
      1,210 SF

      959 Story Rd

      Lifestyle centers • 1,210 SF
      959 Story Rd, San Jose, CA 95122
      View Details

    Similar Nearby for Sale

    • $658,900
      1,198 SF

      San Jose Retail Condo - $658,900

      Prime San Jose retail space, 1,198 sq ft.
      959 Story Rd, San Jose, CA 95122
      View Details
    • $798,600
      1,210 SF

      San Jose Retail Condo - $798,600

      Prime San Jose retail space, 1,210 sq ft.
      959 1St St, San Jose, CA 95122
      View Details
    • $798,600
      1,210 SF

      San Jose Retail Condo - $798,600

      1,210 SF Retail Condo, Vietnam Town
      959 Story Rd, San Jose, CA 95122
      View Details
    • $658,900
      1,198 SF

      San Jose Retail Condo - $658,900

      Prime San Jose retail space, 1,198 sq ft.
      959 2Nd St, San Jose, CA 95122
      View Details
    • $652,850
      1,187 SF

      San Jose Retail Condo - $652,850

      1,187 SF Retail Condo, Vietnam Town
      959 2Nd St, San Jose, CA 95122
      View Details
    • Contact for pricing
      1,198 SF

      Commercial Condominiums in Vietnam Town

      Medical, professional, and retail condos for sale or lease-to-own.
      959 Story Rd, San Jose, CA 95122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,300 SF

      Evergreen Retail Space For Rent

      New construction retail space in San Jose's Evergreen area.
      2218 Quimby Rd, San Jose, CA 95122
      View Details
    • Contact for pricing
      2,125 SF

      Retail Space in Shopping Center

      Retail space available in grocery-anchored shopping center.
      1960 Tully Rd, San Jose, CA 95122
      View Details
    • Contact for pricing
      1,770 SF

      Retail Space Available For Lease

      Retail space available for lease in San Jose, CA.
      1648 Tully Rd, San Jose, CA 95122
      View Details
    • Contact for pricing
      14,560 SF

      Retail Space with Drive Thru

      Retail space with drive-thru available Q4 2025.
      1760 Story Rd, San Jose, CA 95122
      View Details
    • $6,000 /Mo
      2,000 SF

      San Jose Retail Space Available

      Retail spaces available in prime San Jose location.
      1271 Story Rd, San Jose, CA 95122
      View Details
    • Contact for pricing
      1,393 SF

      Restaurant Space in San Jose

      Restaurant spaces available in shopping center anchored by Target and Smart&Final.
      1110 S King Rd, San Jose, CA 95122
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    959 2Nd St
    San Jose, CA 95122
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!