972 Elm St, San Jose, CA 95126
This exceptional 0.43-acre commercial land parcel in San Jose, California, presents a unique redevelopment opportunity. Located in the desirable College Park area, this property is zoned R-1 and boasts an approved Tentative Map for eight single-family homes, each projected to be 2,000 square feet or more. The site's prime location offers unparalleled convenience, situated within walking distance of Bellarmine College Preparatory High School, San Jose Diridon Station, the SAP Center, and the Downtown West Village project. Surrounded by significant ongoing development, this land offers investors and developers a chance to capitalize on a thriving neighborhood. The project is free from low-income housing requirements and HOA fees, maximizing potential returns. This straightforward, entitled project eliminates many typical development hurdles, streamlining the process. All relevant reports are available for review. The property's APN is 230-41-025-00, and its address is 972 Elm St, San Jose, CA 95126. This is an exceptional investment opportunity in a rapidly growing area of San Jose. The property's latitude and longitude coordinates are 37.3443565, -121.9214719 respectively.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.