Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    97 St James St San Jose, CA 95112
    Back to Search
    Property profile & analytics

    97 St James St, San Jose, CA 95112

    View on Map
    • Retail properties & Spaces
    • 1,171 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 97 St James St

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This 1,171-square-foot retail condo, located at 97 E. St. James St, Ste 101 in San Jose, CA 95112, presents a unique investment opportunity. Situated on the ground floor of a mixed-use building with 34 residential units above, this space boasts a prime downtown location, just a block from the VTA light rail, providing easy access to the Caltrain Diridon Station and the broader Silicon Valley. The property includes a break room and a side yard patio. The flexible zoning allows for various uses, including professional offices, salons, general retail, tobacco shops, and grocery/drug stores. The convenient location is near the Santa Clara County Court, San Pedro Square, the Historic District, and Paseo de San Antonio, offering an abundance of nearby shops, restaurants, and walkable amenities. The condo features a private entrance and access from the parking garage, along with five dedicated parking spaces. A reception desk and lobby/waiting area are also included. The asking price is $615,000, with a price per square foot of $525.19. This is an owner/user investment opportunity.

    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
    -121.891
    Latitude
    37.3402

    Comparable in this City

    • Value Estimation by Request
      2,700 SF

      456 Hedding St

      Individual retail properties
      456 Hedding St, San Jose, CA 95112
      View Details
    • Value Estimation by Request

      827 11th St

      RETAIL STORES (PERSONAL SERVICES)
      827 11th St, San Jose, CA 95112
      View Details
    • Value Estimation by Request
      2.56 Acres

      San Jose, CA 95112

      RETAIL STORES (PERSONAL SERVICES)
      San Jose, CA 95112
      View Details
    • Value Estimation by Request
      0.80 Acres

      San Jose, CA 95112

      RETAIL STORES (PERSONAL SERVICES)
      San Jose, CA 95112
      View Details
    • Value Estimation by Request
      1.63 Acres

      San Jose, CA 95112

      RETAIL STORES (PERSONAL SERVICES)
      San Jose, CA 95112
      View Details
    • Value Estimation by Request
      0.79 Acres

      470 Brokaw Rd

      RETAIL STORES (PERSONAL SERVICES)
      470 Brokaw Rd, San Jose, CA 95112-1015
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      San Jose Mixed-Use Property

      Mixed-use property for sale in San Jose, California.
      535 E Santa Clara St, San Jose, CA 95112
      View Details
    • $1,900,000
      0.21 Acres

      Commercial Land in Downtown San Jose

      Prime commercial land in a rapidly growing San Jose location.
      702 E Santa Clara St, San Jose, CA 95112
      View Details
    • $1,900,000
      7,863 SF

      Downtown San Jose Development Opportunity

      Prime location in San Jose with flexible commercial zoning.
      12 15Th St, San Jose, CA 95112
      View Details
    • $1,900,000

      Downtown San Jose Development Opportunity

      Prime location with flexible zoning for commercial or mixed-use development.
      12 S 15Th St, San Jose, CA 95112
      View Details
    • Contact for pricing
      1,500 SF

      Profitable Retail Space Opportunity

      Profitable 1,500 sqft retail space near major freeways.
      2114 Senter Rd, San Jose, CA 95112
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      2,505 SF

      Retail Space Near San Jose State

      Retail space for rent near San Jose State University.
      110 Paseo De San Antonio, San Jose, CA 95112
      View Details
    • Contact for pricing
      1,952 SF

      Retail Space Near San Jose State

      Retail spaces for lease near San Jose State University.
      111-115 Paseo De San Antonio, San Jose, CA 95112
      View Details
    • Contact for pricing
      1,553 SF

      Retail Space in Mixed-Use Development

      Retail space available in mixed-use development with luxury apartments.
      1729 N 1St St, San Jose, CA 95112
      View Details
    • Contact for pricing
      2,953 SF

      Retail and Restaurant Space Available

      Ground floor retail and restaurant spaces in Japantown neighborhood.
      620 N 6Th St, San Jose, CA 95112
      View Details
    • Contact for pricing
      4,100 SF

      San Jose Retail Space Available

      Retail spaces available in San Jose with ample parking.
      2350-2398 Senter Rd, San Jose, CA 95112
      View Details
    • Contact for pricing
      1,500 SF

      Prime Retail Space in San Jose

      Retail space in downtown San Jose near key attractions.
      10 E Reed St, San Jose, CA 95112
      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.
    97 St James St
    San Jose, CA 95112
    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
    97 St James St, San Jose, CA, 95112
    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!