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

    97 St James St, San Jose, CA 95112

    View on Map
    • Office Spaces
    • 1,281 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

    Year built
    1986
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 1,281 square foot executive, medical, or traditional office condo is ideally situated in downtown San Jose at 97 E. St. James St, Suite 102. Part of a mixed-use development with 34 residential units above, this ground-floor space boasts a private entrance, access from the parking garage, and dedicated parking for five vehicles. The unit features a reception desk and a lobby/waiting area. Built in 1986, this single-story building offers a flexible APD zoning, accommodating various professional office uses and daily needs retail, such as salons, general retail, tobacco shops, and grocery/drug stores. Its prime downtown location places it just one block from the VTA light rail, providing easy access to Caltrain Diridon Station and connecting to the Silicon Valley, Peninsula, and San Francisco. The vibrant surrounding area includes San Pedro Square, the Historic District, and Paseo de San Antonio, offering numerous shops, restaurants, and walkable amenities. The asking price is $670,000, with a price per square foot of $523.03. This is a vacant unit in a one-building complex with two units total.

    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
      2,452 SF

      97 St James St

      Medical Office Space
      97 St James St, San Jose, CA 95112
      View Details
    • Value Estimation by Request
      12,406 SF

      610-650 Santa Clara St

      Office buildings
      610-650 Santa Clara St, San Jose, CA 95112
      View Details
    • Value Estimation by Request
      0.48 Acres

      75 13th St

      HOMES (RETIRED, NURSING)
      75 13th St, San Jose, CA 95112-3439
      View Details
    • Value Estimation by Request
      7,642 SF

      144 5th St

      HOMES (RETIRED, NURSING)
      144 5th St, San Jose, CA 95112-5419
      View Details
    • Value Estimation by Request
      3,565 SF

      1128 8th St

      HOMES (RETIRED, NURSING)
      1128 8th St, San Jose, CA 95112-3952
      View Details
    • Value Estimation by Request
      6,838 SF

      443 11th St

      HOMES (RETIRED, NURSING)
      443 11th St, San Jose, CA 95112-2220
      View Details

    Similar Nearby for Sale

    • $799,999
      0.14 Acres

      Ground-Level Medical Office Suite

      Move-in-ready office suite with a reception area, private offices, and ample storage in a ground-level layout.
      2114 Senter Rd, San Jose, CA 95112
      View Details
    • $6,900,000
      0.58 Acres

      ADA-Accessible Office Building

      ADA-compliant office building with elevator and fire alarm, positioned near a VTA light rail stop for flexible owner-use.
      480 N 1St St, San Jose, CA 95112
      View Details
    • Contact for pricing
      1,568 SF

      Move-in Ready San Jose Office Suite

      Commercial office suite ideal for medical or professional use.
      2114 Senter Rd, San Jose, CA 95112
      View Details
    • Contact for pricing
      3,578 SF

      San Jose Commercial Building For Sale

      Commercial building in a bustling San Jose shopping center.
      2268 Senter Rd, San Jose, CA 95112
      View Details
    • Contact for pricing
      2,170 SF

      Ground-Floor Salon with Residential Units

      Occupied ground-floor salon plus two back residential units, including one vacant space ready for immediate lease-up.
      641 North 13Th St, San Jose, CA 95112
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,990 SF

      Versatile Office and Medical Space

      Adaptable office and medical space with parking in San Jose.
      1144 S 2Nd St, San Jose, CA 95112
      View Details
    • Contact for pricing

      Versatile Space in Central Location

      Adaptable commercial space with excellent access to transportation and amenities.
      25 N 14Th St, San Jose, CA 95112
      View Details
    • Contact for pricing
      6,990 SF

      San Jose Medical Office Space

      6,990 SF medical office space for lease.
      1144 South 2Nd St, San Jose, CA 95112
      View Details
    • $2 SF/Yr
      20,567 SF

      San Jose Office Space Available

      Office space available for lease in San Jose, California.
      1155 North 1St St, San Jose, CA 95112
      View Details
    • Contact for pricing
      5,490 SF

      Contemporary Office Space Available

      Modern office space with convenient transit access and amenities.
      1737 N 1St 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!