Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    360 S Market St San Jose, CA 95113

    • Apartment buildings
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5324041
    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.

    Current Use by Public Records

    • Sand Dollar Insurance / Insurance Agency
    • New ERA Enviro Ventures / Production Facility
    • Voltaire Coffee Roasters / Cafe & Coffee Shop
    • Top Star Cleaning / Hardware & Home Improvement
    • Sobera Financial Revenue Recognition Services / Accounting Firm / Tax Preparation

    Property Details for 360 S Market St

    Zone code
    C3
    Property type
    Apartment buildings
    APN
    264-71-219
    APU
    26471219

    Description

    This exceptional commercial property, located at 360 South Market Street in San Jose, California, presents a unique opportunity for retail or restaurant businesses. The building boasts a total of 11,030 square feet spread across three individual suites, offering flexibility for various business needs. Available space ranges from a minimum of 1,115 square feet to a maximum contiguous space of 2,779 square feet, with a significant 5,517 square feet currently vacant. The building's multi-suite configuration is ideal for multiple tenants or a single occupant seeking a larger footprint. Situated in Santa Clara County, with a zip code of 95113, this two-story building enjoys a prime location in San Jose. The property's address is 360 S Market St. This is a fantastic opportunity to establish or expand your business in a vibrant and high-traffic area. The property is currently available for lease. The building's size and layout provide ample space for a variety of retail or restaurant concepts. Interested parties are encouraged to inquire about lease terms and availability. The property is conveniently located in San Jose, California, offering easy access to major transportation routes and a diverse customer base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.887
    Latitude
    37.3302
    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
    $85,684
    $530,604
    $6,701,081
    $7,231,685
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,685,000
      32,266 SF

      157 Santa Clara St

      APARTMENT HOUSE (5+ UNITS) • 32,266 SF
      157 Santa Clara St, San Jose, CA 95113-1707
      View Details
    • Value Estimation
      $6,865,000
      45,610 SF

      200 1st St

      APARTMENT HOUSE (5+ UNITS) • 45,610 SF
      200 1st St, San Jose, CA 95113-2701
      View Details
    • Value Estimation
      $980,000
      3,848 SF

      200 Santa Clara St

      APARTMENT HOUSE (5+ UNITS) • 3,848 SF
      200 Santa Clara St, San Jose, CA 95113-1903
      View Details
    • Value Estimation
      $580,000
      2,134 SF

      147 Santa Clara St

      APARTMENT HOUSE (5+ UNITS) • 2,134 SF
      147 Santa Clara St, San Jose, CA 95113-1902
      View Details
    • Value Estimation by Request
      54,884 SF

      235 Santa Clara St

      APARTMENT HOUSE (5+ UNITS) • 54,884 SF
      235 Santa Clara St, San Jose, CA 95113-1900
      View Details
    • Value Estimation
      $12,690,000
      67,220 SF

      535 Market St

      APARTMENT HOUSE (5+ UNITS) • 67,220 SF
      535 Market St, San Jose, CA 95113-2841
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      49,440 SF

      Downtown San Jose Boutique Building

      Newly renovated 6-story building with rooftop amenities in downtown San Jose.
      2 N 1St St, San Jose, CA 95113
      View Details
    • $4,200,000
      4,950 SF

      Downtown San Jose Retail/Office Building

      Retail/office building in downtown San Jose with excellent frontage.
      451 South 1St St, San Jose, CA 95113
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown San Jose Retail Opportunity

      Ground floor retail space in downtown San Jose's SoFA district.
      600 S 1St St, San Jose, CA 95113
      View Details
    • $10 SF/Yr
      6,249 SF

      San Jose Office Space for Lease

      Flexible workspace solutions in downtown San Jose.
      325 1St St, San Jose, CA 95113
      View Details
    • $47 SF/Yr
      964 SF

      Premier Office Building with Panoramic Views

      High-image office building with modern upgrades and on-site parking.
      84 W Santa Clara St, San Jose, CA 95113
      View Details
    • $57 SF/Yr
      2,494 SF

      Downtown San Jose Office Space

      Class A office with amenities in downtown San Jose.
      99 Almaden Blvd, San Jose, CA 95113
      View Details
    • $3 SF/Yr
      2,500 SF

      Downtown San Jose Retail Space

      Retail suites in shell condition at 477 S Market Street.
      477 S Market St, San Jose, CA 95113
      View Details
    • Contact for pricing

      Iconic Office Tower in San Jose

      19-story office building at the heart of Park Avenue.
      200 Park Ave, San Jose, CA 95113
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    360 S Market St
    San Jose, CA 95113
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.