Industrial Warehouse with Multiple
For Sale
$2,499,000
1148 E San Antonio Street, San Jose, CA 95116
M1-zoned facility combines existing rental occupancy with near-term flexibility for an owner-user.
Property Size9,751 SF
Price / SF$256.28
Days on Market281
Property Features for 1148 E San Antonio Street
General Information
Standard status
Active
Size
9,751 SF
Property subtype
Commercial
Zoning
M1
Site & Location
Neighborhood
Brookwood Terrace
Additional Details
Tenant in Place
Yes
Property Use
Warehouse
Building Details
Building Size
9,751 SF
Year Built
1956
Year Renovated
2012
Buildings
1
Listing Agency:
EQUITY FIRST REAL ESTATE
Listed By:
Milly Barros · License #01291981
(925) 634-9400
Source:
Equityfirstre
Added: Jan 16
Changed: Oct 23
Last Checked: Oct 23 at 5:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EQUITY FIRST REAL ESTATE
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Investment Insights
Based on property information with market context.
This 9,751-square-foot industrial warehouse was built in 1956 and renovated in 2012. Improvements included a new roof and updated electrical service. The building is occupied by three tenants: one uses more than 80% of the space, while two smaller tenants occupy the balance.
The primary tenant’s lease has less than one year remaining, and both smaller tenants are on month-to-month agreements. M1 zoning and the existing tenancy provide an operating context for an owner-user considering future improvements, subject to applicable approvals.
The primary tenant’s lease has less than one year remaining, and both smaller tenants are on month-to-month agreements. M1 zoning and the existing tenancy provide an operating context for an owner-user considering future improvements, subject to applicable approvals.
Key Highlights
- 9,751‑square‑foot warehouse; county records show 7,210 square feet and exclude the second floor
- Primary tenant occupies more than 80% of the building; lease has less than one year remaining
- Two smaller tenants are on month‑to‑month agreements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$197,630
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,952,600
$4.0M
Cap Rate 7%
$2,823,286
$2.8M
Cap Rate 9%
$2,195,889
$2.2M
Market Conditions
NOI Build-Up for 9,751 SF
Gross rent
$251.6K $25.80/SF
− Vacancy
−$19.1K −$1.96/SF
EGI
$232.5K $23.84/SF
− OpEx
−$34.9K −$3.58/SF
NOI
$197.6K $20.27/SF
Area
San Jose, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,952,600
Cap Rate 7%
$2,823,286
Cap Rate 9%
$2,195,889
Alternative Uses
Best Use
Warehouse
$2.82M
$2.47M – $3.29M
NOI $197,630 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.89M
$5.15M – $6.87M
NOI $412,225 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 95116, CA
51,222
Population
13,987
Households
3.7
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
3.6 sq mi
ZIP Area
14,228
Density / Sq Mi
$83,428
Median Household Income
$41,992
Median Earnings
$2,049
Median Rent
$842,700
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - M1-zoned facility combines existing rental occupancy with near-term flexibility for an owner-user.
Where is this warehouse located?
The property is located at 1148 E San Antonio Street San Jose, CA.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 9,751‑square‑foot warehouse; county records show 7,210 square feet and exclude the second floor; Primary tenant occupies more than 80% of the building; lease has less than one year remaining; Two smaller tenants are on month‑to‑month agreements
