San Jose Warehouse For
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1150-1164 Old Bayshore Hwy, San Jose, CA 95112
14,490 SF warehouse property in San Jose, California.
Property Size14,490 SF
Price / SF$276.05
Days on Market279
Property Features for 1150-1164 Old Bayshore Hwy
General Information
Standard status
Active
Size
14,490 SF
Property subtype
Industrial
Zoning
Heavy Industrial
Lease Type
Modified Gross
Investment Type
Value Add
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Meacham Oppenheimer
Listed By:
David Taxin · License #00983163
Source:
Crexi
Added: Dec 3, 2025
Changed: Sep 8
Last Checked: Sep 7 at 12:32PM
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 Meacham Oppenheimer
Investment Insights
Based on property information with market context.
This 14,490 square foot warehouse property is located in San Jose, California. The property is occupied by FleetPride, the largest independent heavy-duty distributor in the nation, operating over 300 locations across 46 states, including more than 80 service centers, 5 distribution centers, and employing over 4,000 people. FleetPride specializes in selling parts and providing services for heavy-duty trucks and trailers, primarily Class 6-8, serving industries such as agriculture, construction, energy, freight and shipping, food and beverage, leasing, long- and short-haul, mining, transit and school bus, waste management, intermodal, and work trucks. They offer over 1 million heavy-duty truck and trailer parts from recognized brands, including late-model and hard-to-find refuse parts, with dedicated delivery 5 days per week.
Key Highlights
- Largest independent heavy duty distributor in the nation.
- Operates 300+ locations across 46 States.
- Includes 80+ service centers and 5 distribution centers.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$293,679
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,873,580
$5.9M
Cap Rate 7%
$4,195,414
$4.2M
Cap Rate 9%
$3,263,100
$3.3M
Market Conditions
NOI Build-Up for 14,490 SF
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.
Gross rent
$373.8K $25.80/SF
− Vacancy
−$28.3K −$1.96/SF
EGI
$345.5K $23.84/SF
− OpEx
−$51.8K −$3.58/SF
NOI
$293.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,873,580
Cap Rate 7%
$4,195,414
Cap Rate 9%
$3,263,100
Alternative Uses
Best Use
Warehouse
$4.20M
$3.67M – $4.89M
NOI $293,679 @ 7.0% cap · market cap 7.34%
Second Best
Industrial
$3.46M
$3.02M – $4.03M
NOI $241,853 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$8.75M
$7.66M – $10.21M
NOI $612,567 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,527
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95112, CA
60,754
Population
22,969
Households
2.6
Avg Household Size
33
Median Age
39%
College-Educated
82%
High-School Grad
7.3 sq mi
ZIP Area
8,322
Density / Sq Mi
$89,649
Median Household Income
$45,690
Median Earnings
$2,095
Median Rent
$956,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Extra Space Storage — 720 N 10th St, San Jose, CA 95112
- A-1 Self Storage — 401 Santa Ana Ave, San Jose, CA 95112
- Pro Auto Restoration — 1205 N 5th St, San Jose, CA 95112
- Trojan Storage of San Jose Horning — 623 Horning St, San Jose, CA 95112
- JKM, Inc — 765 Mabury Rd, San Jose, CA 95133
Frequently Asked Questions
What type of property is this?
Warehouse - 14,490 SF warehouse property in San Jose, California.
Where is this warehouse located?
The property is located at 1150-1164 Old Bayshore Hwy San Jose, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Largest independent heavy duty distributor in the nation.; Operates 300+ locations across 46 States.; Includes 80+ service centers and 5 distribution centers.
