480 N 1st ST, San Jose, CA 95112
COMMERCIAL - SAN JOSE, CA
- Added:
- Apr 29, 2026
- Days on Market:
- 45
- Last Refresh:
- Jun 12 at 1:06 am
Property Features for 480 N 1st ST
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CO
- Parking
- 47
- Parking features
- Off Street
- Security features
- Security Alarm
- Standard status
- Active Under Contract
- Lot size
- 0.58 Acres
Utilities
- Heating system
- Natural Gas, Central, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1957
- Roof type
- Foam
Listing agent Erik Winkler License #00964405 (650) 834-2323
Listing office Remax Capital 155 Bovet Road, Suite 700, San Mateo, CA (650) 219-8700
Listing date Apr 29, 2026
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Approx. 17,000 sq ft of usable space
- ADA‑compliant accessible building with elevator
- Fire alarm system in place
- Major updates completed in 2016–17
- Heating: forced air with central natural gas; central air conditioning
- Off‑street parking; public water and foam roof; year built 1957
Overview
Located at 480 N 1st St in San Jose, the property is described as being close to downtown and directly next to a busy VTA Light Rail stop. The listed zoning is CO. With that transit adjacency and central setting, the building may appeal to tenants who prioritize consistent access for staff, patients, or students.
The current offering is positioned for medical office use or a school, giving it flexibility for buyers evaluating an owner-user opportunity. The listing also notes the property is available for lease, described as $1.50/sf NNN, which may support different ownership and occupancy strategies depending on how an operator plans to use the space.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $952.7k | $56.04 |
| − Vacancy | −$155.3k | −$9.13 |
| EGI | $797.4k | $46.91 |
| − OpEx | −$199.3k | −$11.73 |
| NOI | $598.0k | $35.18 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Banfield Pet Hospital — 607 Coleman Ave, San Jose, CA 95110
- Ark Veterinary Care — 295 N 10th St, San Jose, CA 95112
- UNI Pet Clinic - San Jose — 595 N First St, San Jose, CA 95112
Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.8962761
- Latitude
- 37.3444365
