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641-643 N 13th St 2,170 SF Retail Building San Jose, CA 95112 $1,198,000 ($552.07/SF) 3.91% Cap Rate
Investment Highlights
- Ground floor salon occupied, income producing from day one
- Three separate addresses: 641, 641A & 643 N 13th Street
- Downtown San Jose is one of the Bay Area’s tightest rental markets with rents rising year over year
- Two residential units in back - one occupied, one vacant with immediate lease-up potential
- Steps from SJSU, SAP Center, Caltrain & VTA light rail
- Ideal for owner-user, investor, or live/work buyer
Executive Summary
Value-Add Upside:
Lease the vacant 641 unit at $2,950/month market rate and add
$35,400 to annual NOI without a single capital improvement.
Stabilized cap rate reaches 6.86% at asking price.
SBA 504 Financing Available:
Qualified owner-users may finance with as little as 10% down,
making ownership significantly more accessible than a conventional
purchase.
Lease the vacant 641 unit at $2,950/month market rate and add
$35,400 to annual NOI without a single capital improvement.
Stabilized cap rate reaches 6.86% at asking price.
SBA 504 Financing Available:
Qualified owner-users may finance with as little as 10% down,
making ownership significantly more accessible than a conventional
purchase.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,170 SF
Building Class
C
Year Built
1952
Price
$1,198,000
Price Per SF
$552.07
Cap Rate
3.91%
NOI
$46,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.13 AC
Zoning
MUC - Mixed use commercial
Frontage
46’ on 13th St
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 249-33-026 | Improvements Assessment | $144,477 |
| Land Assessment | $380,913 | Total Assessment | $525,390 |
Property Taxes
Parcel Number
249-33-026
Land Assessment
$380,913
Improvements Assessment
$144,477
Total Assessment
$525,390
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Contact the Sale Advisor
641-643 N 13th St