451 1St StSan Jose, CA 95113

Property Details for 451 1St St

Year built

1910

Lot size

0.08 AC

Property size (Sq ft)

4,930 SF

Zone code

C3

Property type

Retail properties

Property subtype

Retail space

APN

264-30-088

APU

26430088

Description

This exceptional San Jose commercial property, located at 451 S 1st St, offers a unique opportunity for businesses seeking executive office space. Situated in Santa Clara County, with a convenient cross street of San Fernando, this single-story building boasts a substantial 4,930 to 4,950 contiguous square feet, with a total building area of 4,930 square feet. The property sits on a generous 8-acre lot, providing ample space and potential for future expansion. The high ceilings, measuring 18 feet, create a bright and airy atmosphere, ideal for a modern workspace. The property is currently listed as having 9,880 square feet vacant, available as a single unit. The property type is listed as Retail and Office, with a subtype of Executive Office and Storefront, suitable for a variety of business needs. The building is designed for multiple tenants, although the minimum divisible space is the entire 4,930 square feet. This prime location in San Jose, CA (zip code 95113), offers excellent visibility and accessibility. The property presents a rare opportunity to secure a substantial and well-located office space in a thriving market. The expansive lot size and high ceilings offer significant flexibility for customization and future development. This is an ideal space for a company seeking a prominent presence in the heart of San Jose.

• CAP approach

  CAP return

  Valuation

  6%

  $2,805,555

  6.5%

  $2,589,743

  7%

  $2,404,762

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,465,066

  Geo Method

  $3,465,066

• Alternative Use

  Use

  Valuation

  Residential

  $2,184,545

  Hospitality

  $2,001,032

  Educational

  $1,664,835

  Medical

  $1,722,091

  Retail

  $2,589,743

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.3291

Longitude

-121.886

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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