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    2180 Eastridge Loop San Jose, CA 95122

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    2180 Eastridge Loop San Jose, CA 95122

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    • Super regional malls
    • 257,907 SF
    • 21.90 lot acres
    For Sale
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    Eastridge Center Former Sears For Sale
    Contact for pricing
    260,077 SF

    Eastridge Center Former Sears

    Former Sears & Auto Center at Eastridge Center Mall.

    2180 Eastridge Loop, San Jose, CA 95122
    View Listing
    Property ID
    US09-2518702
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sears Appliance Repair / Home Appliance Store

    Property Details for 2180 Eastridge Loop

    Year built
    1971
    Lot size
    21.90 lot acres
    Property size
    257,907 SF
    Zone code
    CG
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    491-04-049
    APU
    49104049

    Description

    This exceptional investment opportunity presents a substantial 260,077-square-foot vacant retail space, formerly occupied by Sears and its Auto Center, situated within the Eastridge Center Mall in San Jose, California. The property, located at 2180 Eastridge Loop, San Jose, CA 95122, comprises two buildings across two stories, built in 1971 and renovated in 2018. The expansive lot encompasses 21.9 acres and offers ample parking, with a ratio of 3.33 spaces per 1,000 square feet. The property features a CG zoning designation, allowing for flexible development options. With a total of two units and a fee simple ownership structure, this property presents a unique chance to redevelop a significant retail presence in a high-traffic area. The property's location within Santa Clara County provides access to a substantial consumer base. The APN is 491-04-049. This large-scale retail space offers significant potential for revitalization and reimagining, catering to a wide range of retail uses. The property's size and location make it an attractive investment for those seeking a high-impact retail development project.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.817
    Latitude
    37.3247
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $366,128
    $24,327,000
    $969,000
    $25,296,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,210,000
      185,468 SF

      2210 Eastridge Loop

      REGIONAL SHOPPING CENTER, MALL • 185,468 SF
      2210 Eastridge Loop, San Jose, CA 95122-1465
      View Details
    • Value Estimation by Request

      San Jose, CA 95122

      REGIONAL SHOPPING CENTER, MALL
      San Jose, CA 95122
      View Details
    • Value Estimation by Request
      225,368 SF

      2200 Eastridge Loop

      REGIONAL SHOPPING CENTER, MALL • 225,368 SF
      2200 Eastridge Loop, San Jose, CA 95122-1410
      View Details
    • Value Estimation
      $1,150,000
      6,368 SF

      San Jose, CA 95122

      REGIONAL SHOPPING CENTER, MALL • 6,368 SF
      San Jose, CA 95122
      View Details
    • Value Estimation by Request
      549,100 SF

      2190 Eastridge Loop

      REGIONAL SHOPPING CENTER, MALL • 549,100 SF
      2190 Eastridge Loop, San Jose, CA 95122-1408
      View Details
    • Value Estimation
      $6,225,000
      38,476 SF

      San Jose, CA 95122

      REGIONAL SHOPPING CENTER, MALL • 38,476 SF
      San Jose, CA 95122
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,617 SF

      Former Sears Auto Center Space

      Former Sears Auto Center with 14 drive-in doors.
      2180 Tully Rd, San Jose, CA 95122
      View Details
    • $798,600
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      San Jose Retail Condo - $798,600

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    • $652,850
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      San Jose Retail Condo - $652,850

      1,187 SF Retail Condo, Vietnam Town
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    • $658,900
      1,198 SF

      San Jose Retail Condo - $658,900

      Prime San Jose retail space, 1,198 sq ft.
      959 Story Rd, San Jose, CA 95122
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    • $798,600
      1,210 SF

      San Jose Retail Condo - $798,600

      Prime San Jose retail space, 1,210 sq ft.
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    Similar Nearby for Lease

    • Contact for pricing
      2,125 SF

      Retail Space in Shopping Center

      Retail space available in grocery-anchored shopping center.
      1960 Tully Rd, San Jose, CA 95122
      View Details
    • Contact for pricing
      1,300 SF

      Neighborhood Shopping Center For Rent

      Grocery-anchored neighborhood shopping center with regional trade area.
      1950 Tully Rd, San Jose, CA 95122
      View Details
    • Contact for pricing
      2,300 SF

      Evergreen Retail Space For Rent

      New construction retail space in San Jose's Evergreen area.
      2218 Quimby Rd, San Jose, CA 95122
      View Details
    • Contact for pricing

      Former Sears Auto Center

      Former Sears Auto Center available for lease.
      Eastridge Loop, San Jose, CA 95122
      View Details
    • $6,000 /Mo

      Retail Space Near Vietnam Town

      Retail spaces available in prime location near freeways.
      1271 Story Rd, San Jose, CA 95122
      View Details
    • Contact for pricing

      Retail Space in Saigon Plaza

      Neighborhood retail opportunity with high visibility and accessibility.
      1152 Story Rd, San Jose, CA 95122
      View Details
    View Listing
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    San Jose, CA 95122
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    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
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