Technical
Financial
Distress signals
Property profile

959 Story Rd San Jose, CA 95122

OFF-MARKET
Lifestyle centers
1,198 SF
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Property summary

AI-generated overview

This exceptional 1,198 square foot retail condominium, located within the thriving Vietnam Town shopping center in San Jose, California (959 Story Rd Suite 5225, zip code 95122), presents a unique investment opportunity. Situated between Walmart and Grand Century Mall, this newly built property offers the pride of ownership that comes with owning, rather than leasing, commercial space. The unit is part of a vibrant complex featuring a mix of medical, professional, and retail tenants, creating a bustling and attractive environment. Ideal for a variety of uses, including medical practices (dental, clinic, urgent care), professional offices (optometry, insurance, legal), and retail businesses (fashion, food, etc.). The unit boasts approximately 16-foot clear height and comes with a completed restroom. Electrical service is 100 amps, 120/208 volts, 3-phase 4-wire. The property benefits from excellent access to Highways 101, 280, and 680, and proximity to Mineta San Jose International Airport. A unique Lease-to-Own program is available, offering a lease rate as low as $2.00 per square foot (NNN) with a potential six-month rent abatement, a three-year lease term, and a purchase option exercisable within two years. SBA financing is available at 90% of the purchase price, making this an attractive option for many businesses. Units can be combined to create larger spaces, offering flexibility for expanding businesses. The asking price for this exceptional property is $658,900.

Property profile

Verified
Property type Lifestyle centers
Total area 1,198 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Spa & Massage Center

Location

959 Story Rd San Jose, CA 95122
San Jose metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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