78 Race StSan Jose, CA 95126

Property Details for 78 Race St

Year built

1950

Construction

WOOD

Lot size

0.38 AC

Property size (Sq ft)

1,655 SF

Zone code

M1

Property type

Industrial properties

APN

261-29-001

APU

26129001

Description

This exceptional 0.38-acre commercial land parcel is strategically located at 78 Race Street in San Jose, California, within the vibrant Santa Clara County. Offered at $2,395,000, this property presents a unique investment opportunity in the heart of Silicon Valley. The lot's APN is 261-29-001. Situated in a thriving metropolitan area with over two million inhabitants, this location benefits from the strong economic presence of the region, known globally as a leading technology hub. San Jose, the largest city in the metro area, boasts a population exceeding one million residents, ensuring a robust and diverse market. The property's 0.38-acre size provides ample space for a variety of commercial developments, capitalizing on the area's significant growth and demand. The address is easily accessible, further enhancing its appeal to potential investors and developers seeking a prime location within this dynamic and prosperous region of California. This is a rare opportunity to acquire a substantial commercial land parcel in one of the world's most significant technology centers. The property's location within the San Jose metro area offers unparalleled access to a large and affluent population base, making it an ideal investment for long-term growth and potential. The zip code is 95126.

• CAP approach

  CAP return

  Valuation

  6%

  $1,096,420

  6.5%

  $1,012,080

  7%

  $939,793

• Comparable approach

  Method

  Valuation

  Relative Method

  $738,554

  Geo Method

  $738,554

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $529,579

  Mixed-Use / Specialty

  $536,034

  Hospitality / Lodging

  $404,133

  Office

  $541,539

  Institutional / Educational

  $560,241

  Residential Income

  $655,482

  Multifamily

  $739,898

  Automotive / Energy

  $480,207

  Parking / Income-Based Land

  $157,471

  Restaurant / Food Service

  $296,601

  Healthcare / Senior Housing

  $541,137

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.3295

Longitude

-121.912

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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