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Showers Park 656 N Santa Cruz Ave 16,500 SF 100% Leased Retail Building Los Gatos, CA 95030 $7,999,999 ($484.85/SF) 5.34% Cap Rate
INVESTMENT HIGHLIGHTS
- The property offers multi-use potential, including residential, street-front retail, and office space.
- The property consists of two parcels totaling approximately 42,086 square feet.
EXECUTIVE SUMMARY
KW Commercial South Bay is proud to present a rare opportunity of a trophy investment property in the heart of Downtown Los Gatos. The property features three versatile and well-maintained buildings, totaling 16,499 square feet, thoughtfully designed for mixed-use functionality including retail, office, and residential. Each structure contributes to a dynamic and flexible investment profile, ideal for long-term income and value appreciation.
Positioned on a generous 42,086 square foot lot, the property offers prominent visibility with approximately 189 feet of frontage along bustling North Santa Cruz Avenue, and convenient secondary access via Industrial Avenue. This prime location, combined with its diverse use potential and strategic layout, makes the property a standout investment in one of Silicon Valley’s most desirable markets.
Positioned on a generous 42,086 square foot lot, the property offers prominent visibility with approximately 189 feet of frontage along bustling North Santa Cruz Avenue, and convenient secondary access via Industrial Avenue. This prime location, combined with its diverse use potential and strategic layout, makes the property a standout investment in one of Silicon Valley’s most desirable markets.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
16,500 SF
Building Class
B
Year Built
2000
Price
$7,999,999
Price Per SF
$484.85
Cap Rate
5.34%
NOI
$427,001
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.39
Lot Size
0.97 AC
Zoning
C2 - General Commercial
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (89)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
12,328
71,066
227,445
314,600
2029 Population
11,878
68,381
218,439
321,166
2024-2029 Projected Population Growth
-3.7%
-3.8%
-4.0%
2.1%
Median Age
47.3
46.2
43.6
43.1
College Degree + Higher
74%
68%
61%
33%
Daytime Employees
12,172
37,250
86,916
136,958
Total Businesses
1,726
5,565
12,882
19,906
Average Household Income
$200,737
$201,128
$186,237
$187,514
Median Household Income
$191,678
$192,240
$168,880
$169,207
Total Consumer Spending
$240.1M
$1.3B
$3.9B
$5.1B
2024 Households
4,951
26,003
81,327
114,643
Average Home Value
$1,122,066
$1,108,373
$1,097,154
$1,079,314
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $12,100,808 | |
| Land Assessment | $7,185,388 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $4,915,420 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$7,185,388
Improvements Assessment
$4,915,420
Total Assessment
$12,100,808
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Showers Park | 656 N Santa Cruz Ave
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