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    Remodeled Office Condo in Campbell Title is generated by Realmo AI

    CAMPBELL, Campbell 95008

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    For Sale
    $1,550,000

    COMMERCIAL - CAMPBELL

    Property size:
    2,412 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $642/SF
    Added:
    Apr 13, 2026
    Days on Market:
    41
    Last Refresh:
    May 23 at 11:06 am

    Property Features for CAMPBELL

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CP
    Standard status
    Active
    Size
    2,412 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Forced Air, Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1979
    Flooring type
    Carpet
    Roof type
    Flat

    We can help!

    Listing Contact
    Joel Calvillo
    Joel Calvillo

    Listing agent Joel Calvillo License #01733780

    Listing office KW Bay Area Estates 16780-A Lark Avenue, Los Gatos, CA

    Listing date Apr 13, 2026

    MLS# ML82042666

    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

    • Turnkey, fully remodeled 2,412 SF first‑floor office condo.
    • Prime Campbell location at 2542 S. Bascom Avenue.
    • Highly functional layout with reception, conference room, 6 private offices, break room, and 2 open work areas.
    • Strong parking ratio of 3.69/1,000 SF.
    • Suitable for diverse professional uses.
    • Move‑in ready, modern layout.

    Overview

    This is a fully remodeled first-floor office condo located on S. Bascom Avenue in Campbell. The unit offers approximately 2,412 square feet and features a functional layout. It includes a reception area, a conference room, six private offices, a break room, and two open work areas equipped with 14 workstations that can be converted into additional private offices. The property is suitable for law firms, therapy and counseling practices, mortgage and financial services, medical and wellness offices, insurance agencies, sales teams, regional offices, tech startups, and privately owned companies seeking a mix of private offices and collaborative workspace. The building has a total area of approximately 30,908 square feet and provides a parking ratio of 3.69 per 1,000 square feet.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $942.8K
    NOI $84,852 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.21M
    NOI $84,852 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.70M
    NOI $84,852 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $135.2k $56.04
    − Vacancy −$22.0k −$9.13
    EGI $113.1k $46.91
    − OpEx −$28.3k −$11.73
    NOI $84.9k $35.18
    2,412 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $1.21M
    $1.06M – $1.41M (±1% cap)
    NOI $84,852 @ 7.0% cap · market cap 5.47%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.46M
    $1.27M – $1.70M (±1% cap)
    NOI $101,931 @ 7.0% cap · market cap 6.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Campbell
    County
    Santa Clara
    State
    Longitude
    -121.949156
    Latitude
    37.2869

    FAQs

    What type of property is this?
    Office units - Turnkey office condo with flexible layout in prime location.
    Where is this office units located?
    The property is located at CAMPBELL Campbell.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Turnkey, fully remodeled 2,412 SF first‑floor office condo.; Prime Campbell location at 2542 S. Bascom Avenue.; Highly functional layout with reception, conference room, 6 private offices, break room, and 2 open work areas.
    (408) 892-9158
    We can help!
    Listing Contact
    Joel Calvillo
    Joel Calvillo
    Real Estate License ID: 01733780
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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