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SUBMIT OFFERS-7.72% Cap Rate on Actual Income 885-889 S 1st St 7,250 SF 100% Leased Retail Building San Jose, CA 95110 $4,495,000 ($620/SF) 7.72% Cap Rate

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INVESTMENT HIGHLIGHTS

High profile location on signalized corner
Easy to manage building with all tenants current on rent

Residential units are all fully furnished
Both the residential and commercial units are updated and nicely improved

EXECUTIVE SUMMARY

OWNER FINANCING - 2 BUILDING OFFERING - 100% LEASED MIXED USE PROPERTY - 5 RESIDENTAIL UNITS & 3 COMMERCIAL UNITS
1. Combined building size is 7,250 square feet (5,250 sf & 2,000 sf)
2. Buildings must be sold together
3. Cap rate on 889-899 S. First Street is 7.75%
4. Cap rate on the 885 S. 1st Street building is 8.10%
5. Prime signalized corner
6. Excellent 1031 Exchange property and long term investment
7. All apartments are on a month to month lease basis
8. The Fitness tenant lease ends in 9/31/2026 & the Event Space lease expires 9/30/2029
9. Buyer has the right to terminate the long term leases within 90 days of purchasing the property
10. The investment could be an excellent development opportunity
11. Seller will finance up to $1.5m of the sales price (terms are open for negotiation)

Brochure

Rent Roll

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$417,435	$57.58
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$417,435	$57.58
Taxes	$57,335	$7.91
Operating Expenses	$20,200	$2.79
Total Expenses	$77,535	$10.69
Net Operating Income	$339,900	$46.88

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$417,435
Annual Per SF	$57.58

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$417,435
Annual Per SF	$57.58

Taxes
Annual	$57,335
Annual Per SF	$7.91

Operating Expenses
Annual	$20,200
Annual Per SF	$2.79

Total Expenses
Annual	$77,535
Annual Per SF	$10.69

Net Operating Income
Annual	$339,900
Annual Per SF	$46.88

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

7,250 SF

Building Class

Year Built

1972

Price

$4,495,000

Price Per SF

$620

Cap Rate

7.72%

NOI

$347,107

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.72

Lot Size

0.23 AC

Zoning

MUC -Mixed Use Commercial - Zoning allows for a wide range of retail and office use including restaurants, veterinary clinic, medical office, and mixed use development

Parking

9 Spaces (1.24 Spaces per 1,000 SF Leased)

Frontage

33’ on South 1st Street

1 1

MAP
TRAFFIC

Walk Score®

Walker's Paradise (91)

Bike Score®

Very Bikeable (89)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	264-36-074	Total Assessment	$1,273,449 (2025)
Land Assessment	$848,966 (2025)	Annual Taxes	$57,335 ($7.91/SF)
Improvements Assessment	$424,483 (2025)	Tax Year	2024