Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18574 Prospect Rd Saratoga, CA 95070
    Back to Search
    Property profile & analytics

    18574 Prospect Rd Saratoga, CA 95070

    View on Map
    • Retail properties & Spaces
    • 20,272 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 18574 Prospect Rd

    Year built
    1978
    Property size
    20,272 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Westgate Corners, located at 18574 Prospect Rd in Saratoga, CA 95070, presents a compelling retail investment opportunity. This single-story, 20,272 square foot building sits on a 2.27-acre lot and was constructed in 1978. The property is conveniently situated near Lawrence Expy, offering excellent visibility and accessibility. Currently, there are three available retail spaces ranging from 1,050 to 2,080 square feet, totaling 4,330 square feet of vacant space. The property's classification includes both retail and restaurant uses, making it suitable for a variety of businesses. The building is located in Santa Clara County and offers a prime location within the thriving Saratoga market. With its ample space, convenient location, and multiple unit options, Westgate Corners provides a unique opportunity for businesses seeking a high-traffic retail presence in a desirable area. The property's size and layout offer flexibility for various retail concepts. This is an exceptional chance to establish or expand your business in a well-established and highly sought-after community. Serious inquiries are encouraged to explore this promising retail investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga
    County
    Santa Clara
    State
    California
    Longitude
    -121.996
    Latitude
    37.2917

    Comparable in this City

    • Value Estimation by Request
      117,931 SF

      12850-12960 Saratoga-Sunnyvale Rd

      Neighborhood centers • 117,931 SF
      12850-12960 Saratoga-Sunnyvale Rd, Saratoga, CA 95070
      View Details
    • Value Estimation by Request
      1,000 SF

      14639 Big Basin Way

      Retail properties & Spaces • 1,000 SF
      14639 Big Basin Way, Saratoga, CA 95070
      View Details
    • Value Estimation by Request
      1,217 SF

      14477 Big Basin Way

      RETAIL STORES (PERSONAL SERVICES) • 1,217 SF
      14477 Big Basin Way, Saratoga, CA 95070-6093
      View Details
    • Value Estimation
      $800,000
      4,999 SF

      18800 Cox Ave

      SHOPPING CENTER, STRIP CENTER • 4,999 SF
      18800 Cox Ave, Saratoga, CA 95070-4281
      View Details
    • Value Estimation by Request
      565 SF

      14521 Big Basin Way

      RETAIL STORES (PERSONAL SERVICES) • 565 SF
      14521 Big Basin Way, Saratoga, CA 95070-6011
      View Details
    • Value Estimation
      $2,690,000
      72 SF

      12015 Saratoga Sunnyvale Rd

      SERVICE STATION (FULL SERVICE) • 72 SF
      12015 Saratoga Sunnyvale Rd, Saratoga, CA 95070-3022
      View Details

    Similar Nearby for Sale

    • $495,000
      475 SF

      Saratoga Retail Space For Sale

      Retail condominium in Saratoga's village district with high visibility.
      14598 Big Basin Way, Saratoga, CA 95070
      View Details
    • $1,048,000

      Saratoga Village Retail Investment Opportunity

      Bundled retail units with long-term tenant in desirable location.
      14665 Big Basin Way, Saratoga, CA 95070
      View Details
    • $495,000
      528 SF

      Retail Space in Saratoga Village

      Retail condominium in Saratoga's village district with strong visibility.
      14598 Big Basin Way, Saratoga, CA 95070
      View Details
    • $2,900,000
      10.00 Acres

      Saratoga Land Parcel with Views

      Rare 10-acre parcel suitable for a family compound.
      Mount Eden Rd, Saratoga, CA 95070
      View Details
    • $1,100,000

      Saratoga Land with Water Tank

      43,124 SF lot with 500,000-gallon tank in Saratoga.
      14700 Ambric Knolls Rd, Saratoga, CA 95070
      View Details
    • $1,100,000

      Saratoga Land with Water Tank

      43,124 SF lot with a 500,000-gallon steel tank.
      14700 Ambric Knolls Rd, Saratoga, CA 95070
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,269 SF

      Saratoga Village Retail Space

      Retail space with outdoor patio in Saratoga Village.
      14612 Big Basin Way, Saratoga, CA 95070
      View Details
    • $2,500 /Mo
      528 SF

      Retail/Office Space in Saratoga

      Versatile 528 sqft retail or office space available for rent.
      14598 Big Basin Way, Saratoga, CA 95070
      View Details
    • Contact for pricing
      2,650 SF

      Saratoga Shopping Center Retail Space

      Retail space available in a busy Saratoga shopping center.
      12852-20341 Saratoga Sunnyvale Rd, Saratoga, CA 95070
      View Details
    • Contact for pricing

      Saratoga Office Space For Lease

      Office space available for lease in Saratoga, California.
      12116-12124 Saratoga Sunnyvale Rd, Saratoga, CA 95070
      View Details
    • Contact for pricing
      989 SF

      Saratoga Village Professional Office Space

      Professional office space in Saratoga Village with creekside setting.
      14407 Big Basin Way, Saratoga, CA 95070
      View Details
    • Contact for pricing

      Saratoga Office Space Available

      Office space for rent in Saratoga, California.
      20665 4Th St, Saratoga, CA 95070
      View Details
    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.
    18574 Prospect Rd
    Saratoga, CA 95070
    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

    Thank You for Inquiry
    18574 Prospect Rd, Saratoga, CA, 95070
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!