Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    5287 Prospect Rd San Jose, CA 95129-5026

    • Community centers
    • 4,590 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1864758
    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

    • Prime / Commercial Agent
    • Costco / General Store
    • Westgate West / Shopping Mall
    • Dancing Sun Studio / Dance School

    Property Details for 5287 Prospect Rd

    Year built
    1978
    Lot size
    0.58 lot acres
    Property size
    4,590 SF
    Zone code
    CG
    Property type
    Community centers
    APN
    381-36-021
    APU
    38136021

    Description

    Westgate West, located at 5287 Prospect Rd in San Jose, California (zip code 95129), offers exceptional retail opportunities in Santa Clara County. This commercial property boasts a total of 13,394 square feet, divided into four suites. Currently, 5,156 square feet are available for lease, with individual suite sizes ranging from a minimum of 1,000 square feet to a maximum contiguous space of 1,600 square feet. The property's strategic location provides excellent access to surrounding communities including Los Gatos, Monte Sereno, Saratoga, Cupertino, Campbell, and West San Jose, ensuring high visibility and potential customer traffic. This multi-tenant retail building presents a unique opportunity for businesses seeking a well-situated space within a thriving market. The property is ideally suited for a variety of retail uses, given the flexible suite sizes and prime location. Interested parties are encouraged to inquire about lease terms and availability. The property's address is easily accessible and benefits from strong local demographics. This is an excellent chance to establish or expand a retail presence in a highly desirable area of San Jose.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $207,000
      Market price range: $74.2k - $260k

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.995
    Latitude
    37.2937
    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
    $24,238
    $972,000
    $868,000
    $1,840,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $690,000
      39,279 SF

      5347 Prospect Rd

      MINI-MALL • 39,279 SF
      5347 Prospect Rd, San Jose, CA 95129-5029
      View Details
    • Value Estimation
      $220,000
      11,000 SF

      5291 Prospect Rd

      MINI-MALL • 11,000 SF
      5291 Prospect Rd, San Jose, CA 95129-5027
      View Details
    • Value Estimation
      $920,000
      59,139 SF

      5146 Stevens Crk Blvd

      MINI-MALL • 59,139 SF
      5146 Stevens Crk Blvd, San Jose, CA 95129-1019
      View Details
    • Value Estimation by Request
      28,000 SF

      4400 Stevens Creek Blvd

      Neighborhood centers • 28,000 SF
      4400 Stevens Creek Blvd, San Jose, CA 95129
      View Details
    • Value Estimation
      $280,000
      2,774 SF

      5389 Prospect Rd

      MINI-MALL • 2,774 SF
      5389 Prospect Rd, San Jose, CA 95129-5020
      View Details
    • Value Estimation
      $620,000
      52,840 SF

      5289 Prospect Rd

      MINI-MALL • 52,840 SF
      5289 Prospect Rd, San Jose, CA 95129-5024
      View Details

    Similar Nearby for Sale

    • $2,190,000

      Updated Fourplex in San Jose

      Four-unit multifamily property near Apple headquarters in Cupertino Union School
      477 Greendale Way, San Jose, CA 95129
      View Details
    • $2,350,000

      San Jose Multifamily Investment Opportunity

      Multifamily property in Cupertino Union School District, near Apple HQ.
      380 Richfield Dr, San Jose, CA 95129
      View Details
    • $2,485,000
      3,158 SF

      San Jose Multifamily Investment Opportunity

      Multifamily property in San Jose near Cupertino schools and Apple campus.
      5011 Lapa Dr, San Jose, CA 95129
      View Details
    • $2,175,000

      San Jose NNN Property

      NNN property for sale in San Jose, California.
      1281 Saratoga Ave, San Jose, CA 95129
      View Details
    • $7,488,000
      7,285 SF

      San Jose Office Building For Sale

      7,285 SF office building available in San Jose, CA.
      5150 Graves Ave, San Jose, CA 95129
      View Details
    • $2,399,000

      Cupertino Schools San Jose Duplex

      Duplex in San Jose with Cupertino schools, remodeled kitchens.
      494 Greendale Way, San Jose, CA 95129
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,584 SF

      San Jose Retail Space Available

      Grocery-anchored community center in the heart of Silicon Valley.
      5184 Stevens Creek Blvd, San Jose, CA 95129
      View Details
    • Contact for pricing
      3,150 SF

      Retail Space in Prime Location

      Retail space in San Jose, anchored by national brands.
      5291 Prospect Rd, San Jose, CA 95129
      View Details
    • Contact for pricing
      13,626 SF

      San Jose Retail Space Available

      Grocery-anchored community center in the heart of Silicon Valley.
      5146-5170 Stevens Creek Blvd, San Jose, CA 95129
      View Details
    • Contact for pricing
      3,207 SF

      San Jose Retail Space Available

      Grocery-anchored community center in the heart of Silicon Valley.
      5124-5136 Stevens Creek Blvd, San Jose, CA 95129
      View Details
    • Contact for pricing
      3,086 SF

      Retail Space in Westgate Center

      Retail space available within a large shopping and entertainment center.
      1600 Saratoga Ave, San Jose, CA 95129
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in San Jose

      Retail space in a shopping center with national brand anchors.
      5253 Prospect Rd, San Jose, CA 95129
      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.
    5287 Prospect Rd
    San Jose, CA 95129-5026
    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.