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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    451 1st St San Jose, CA 95113-2816

    • Retail space
    • 4,930 SF
    • 0.08 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2020
    $850,000
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2539458
    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

    • Retail space

    Property Details for 451 1st St

    Year built
    1910
    Lot size
    0.08 lot acres
    Property size
    4,930 SF
    Zone code
    C3
    Property type
    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $630,000
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $530,000
      Market price range: $499k - $3.73M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.886
    Latitude
    37.3291
    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
    $5,920
    $183,018
    $158,162
    $341,180
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $195,000
      0.20 Acres

      430 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 0.20 Acres
      430 2nd St, San Jose, CA 95113-2709
      View Details
    • Value Estimation
      $195,000
      1.49 Acres

      282 Market St

      RETAIL STORES (PERSONAL SERVICES) • 1.49 Acres
      282 Market St, San Jose, CA 95113-2310
      View Details
    • Value Estimation
      $245,000
      6,584 SF

      400 1st St

      RETAIL STORES (PERSONAL SERVICES) • 6,584 SF
      400 1st St, San Jose, CA 95113-2815
      View Details
    • Value Estimation
      $260,000
      11,038 SF

      184 Market St

      RETAIL STORES (PERSONAL SERVICES) • 11,038 SF
      184 Market St, San Jose, CA 95113-2360
      View Details
    • Value Estimation
      $195,000
      13,341 SF

      99 1st St

      RETAIL STORES (PERSONAL SERVICES) • 13,341 SF
      99 1st St, San Jose, CA 95113-2407
      View Details
    • Value Estimation by Request
      123,505 SF

      302 Market St

      RETAIL STORES (PERSONAL SERVICES) • 123,505 SF
      302 Market St, San Jose, CA 95113-2817
      View Details

    Similar Nearby for Sale

    • $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
    • $2,000,000

      San Jose Commercial Land Available

      Commercial land available for sale in San Jose, California.
      28 N 1St St, San Jose, CA 95113
      View Details
    • 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
    • $12,500,000

      San Jose Development Pad

      2.16 acre finished pad for development in San Jose.
      1790 N 1St St, San Jose, CA 95113
      View Details

    Similar Nearby for Lease

    • $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
      14,190 SF

      Premier Retail Space in San Jose

      Retail opportunity in downtown San Jose's SIGNIA BY HILTON.
      170 S Market St, San Jose, CA 95113
      View Details
    • Contact for pricing
      1,115 SF

      Downtown San Jose Retail Space

      Retail space in the heart of downtown San Jose.
      360 S Market St, San Jose, CA 95113
      View Details
    • Contact for pricing
      5,225 SF

      Restaurant Space with Outdoor Area

      5,225 SF restaurant space with existing FF&E for lease.
      233 W Santa Clara St, San Jose, CA 95113
      View Details
    • $36 SF/Yr
      3,500 SF

      Downtown San Jose Office/Retail Space

      Prime downtown San Jose location with high visibility and foot traffic.
      97 S 2Nd St, San Jose, CA 95113
      View Details
    • $3 SF/Yr
      700 SF

      Remodeled Retail Space Available

      700 SF retail space with remodeled exterior.
      33 N 1St St, 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.
    451 1st St
    San Jose, CA 95113-2816
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.