2812 Stevens Creek BlvdSan Jose, CA 95128

Property Details for 2812 Stevens Creek Blvd

Year built

1951

Construction

WOOD FRAME

Lot size

0.37 AC

Property size (Sq ft)

1,674 SF

Zone code

C2H

Property type

Retail properties

Property subtype

Retail space

APN

277-34-054

APU

27734054

Description

This exceptional San Jose retail investment opportunity encompasses two parcels totaling approximately 32,675 square feet (.37-.38 acres) at 2812 Stevens Creek Blvd and 319 S Monroe St, situated in the heart of Silicon Valley's "Billion Dollar Mile." The property features a mix of NNN retail and automotive buildings, currently boasting 80% occupancy with below-market rents averaging $2.40 per square foot. The combined square footage ranges from 1,674 to 7,680 square feet across multiple tenancies, all under 5-year leases with options. The property benefits from a highly desirable corner location directly across from Westfield Valley Fair Mall and near Santana Row, experiencing high traffic volume (53,000 cars daily) at a four-way intersection. Zoned PD Commercial and General Commercial, this asset presents a 6% cap rate at full occupancy and significant redevelopment potential. The site allows for future high-rise mixed-use development up to 10 stories, including one level of underground parking. This is a rare chance to acquire a strong-performing retail portfolio with substantial upside in one of the most dynamic markets in the country. APN numbers are 277-34-054 and 277-34-002. Asking price is $6,488,800.

• CAP approach

  CAP return

  Valuation

  6%

  $769,678

  6.5%

  $710,472

  7%

  $659,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,176,576

  Geo Method

  $1,176,576

• Alternative Use

  Use

  Valuation

  Residential

  $599,310

  Hospitality

  $548,965

  Educational

  $456,732

  Medical

  $472,440

  Retail

  $710,472

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.323

Longitude

-121.944

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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