1655 Berryessa Rd San Jose, CA 95133
- Distribution properties
- 9,740 SF
- 10.50 lot acres
Current Use by Public Records
- Celtis Group, Inc. / Landscaper
- Facchino Freight Lines / Trucking Company
Property Details for 1655 Berryessa Rd
- Year built
- 1975
- Lot size
- 10.50 lot acres
- Property size
- 9,740 SF
- Zone code
- M1
- Property type
- Distribution properties
- APN
- 241-03-025
- APU
- 24103025
Description
This exceptional 2.23-acre commercial land parcel presents a unique investment opportunity in San Jose's burgeoning Berryessa district. Located at 1655 Berryessa Road, this site is strategically positioned within the Facchino District of the Berryessa BART Urban Village plan, offering significant development potential. The planned capacity for the greater Facchino District encompasses up to 820 residential units and up to 464,000 square feet of commercial space, ensuring a vibrant and growing surrounding community. This property's prime location is adjacent to the thriving Market Park transit-oriented development, which boasts a 101,000 square foot retail center anchored by Safeway and CVS. Market Park also includes 1,000 existing and up to 3,450 future residential units, and up to 3.5 million square feet of commercial space, creating a robust and dynamic environment. Potential development options for this 2.23-acre site include office space or an assisted living facility, catering to the growing demand in this rapidly developing area. The asking price for this exceptional property is $18,500,000. This is a rare chance to acquire a significant land parcel in a high-growth area with excellent infrastructure and strong future prospects. The property is situated in Santa Clara County, California, with a zip code of 95133.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $705,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $800,000
- 6.5%
- $760,000
- 7%
- $735,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $795,000
- Geo Method
- $615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $855,000
- Retail
- $700,000
- Mixed-Use
- $785,000
- Hospitality
- $760,000
- Educational
- $680,000
- Residential Income
- $885,000
- Energy
- $780,000
- Income-Based Land
- $800,000
- Food Service
- $690,000
Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.877
- Latitude
- 37.3732
- CBSA code
- 41940
- CBSA name
- SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
