San Jose Industrial Warehouse For
1148 San Antonio Street San Jose, CA 95116
1148 San Antonio Street, San Jose, CA, 95116
$2,499,000
For Sale
$2,499,000
Industrial warehouse in San Jose, suitable for investors or owner-users.
Property Size9,751 SF
Price / SF$256.28
Days on Market186
Property Features for 1148 San Antonio Street
General Information
- Standard status
- Active
- Size
- 9,751 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1956
Listing Agency
COMPASS
(650) 941-1111
Listed by
BRYAN DANFORTH · License #01789680
Source
Corcoran
Added: Jan 16 Updated: Jul 6 at 10:15 am Checked: Jul 19 at 4:24 am
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 COMPASS
Investment Insights
Based on property information with market context.
This industrial warehouse is available for sale to investors or owner-users. The property features a 9,751 square foot building. According to county records, the building size is 7,210 square feet; however, this does not include the second floor. Renovations were completed in 2012, including a new roof and updated electrical systems. The primary tenant occupies over 80% of the building and has less than one year remaining on their lease, which allows owner-occupiers to earn income while planning or permitting use improvements. Two smaller tenants are currently on month-to-month leases.
Key Highlights
- Opportunity for owner‑occupiers to acquire the property with potential income from existing tenants during planning/permitting.
- Significant portion (80%+) of the building's lease is expiring within a year.
- Building size of 9,751 sf (larger than county records indicate).
Local Financial Insights For Warehouse
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 | $251.6k | $25.80 |
| − Vacancy | −$19.1k | −$1.96 |
| EGI | $232.5k | $23.84 |
| − OpEx | −$34.9k | −$3.58 |
| NOI | $197.6k | $20.27 |
9,751 SF · lease $25.80/SF/yr · vacancy 7.58% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.82M
$2.47M – $3.29M
NOI $197,630 @ 7.0% cap · market cap 7.91%
Second Best
Industrial
$2.33M
$2.03M – $2.71M
NOI $162,754 @ 7.0% cap · market cap 6.51%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
VMS Floors
General Contractor
Valley Event Décor
Event Planning
Paper Shredding & Disk ...
Recycling Center
valencia floors sj
Carpet & Flooring Store
New Generation Flooring
Carpet & Flooring Store
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FAQs
What type of property is this?
Warehouse - Industrial warehouse in San Jose, suitable for investors or owner-users.
Where is this warehouse located?
The property is located at 1148 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: Opportunity for owner‑occupiers to acquire the property with potential income from existing tenants during planning/permitting.; Significant portion (80%+) of the building's lease is expiring within a year.; **Building size of 9,751 sf (larger than county records indicate).**
