Industrial Warehouse with
New
For Sale
Contact for pricing
1165-69 N 5th St, San Jose, CA 95112
Vacant industrial space combines office functions, storage, loading access, and convenient connectivity to major highways.
Property Size8,000 SF
Price / SF$374.38
Days on Market4
Property Features for 1165-69 N 5th St
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
8
Property subtype
Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
2
Building Details
Building Size
8,000 SF
Listing Agency:
KPA Commercial, Inc.
Listed By:
Kevin Peixoto · License #CA 01411086
Source:
Crexi
Added: Sep 7
Changed: Sep 9
Last Checked: Sep 9 at 3:53PM
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 KPA Commercial, Inc.
Investment Insights
Based on property information with market context.
This approximately 8,000 SF warehouse is configured for industrial and manufacturing operations, with functional office space, a mezzanine conference room, storage rooms, skylights, and two grade-level doors. The property will be delivered vacant, providing a ready setting for a new occupant or owner-user.
Located at 1165-69 N. 5th St in San Jose, the facility offers access to Highways 880 and 101. The site includes 6–8 off-street parking spaces and is currently arranged for machine shop use.
Located at 1165-69 N. 5th St in San Jose, the facility offers access to Highways 880 and 101. The site includes 6–8 off-street parking spaces and is currently arranged for machine shop use.
Key Highlights
- ±8,000 SF warehouse and manufacturing facility
- Two grade‑level doors support loading and operations
- Office space plus mezzanine conference room
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
$162,142
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
5.41%
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%
$3,242,840
$3.2M
Cap Rate 7%
$2,316,314
$2.3M
Cap Rate 9%
$1,801,578
$1.8M
Market Conditions
NOI Build-Up for 8,000 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
$206.4K $25.80/SF
− Vacancy
−$15.6K −$1.96/SF
EGI
$190.8K $23.84/SF
− OpEx
−$28.6K −$3.58/SF
NOI
$162.1K $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%
$3,242,840
Cap Rate 7%
$2,316,314
Cap Rate 9%
$1,801,578
Alternative Uses
Best Use
Warehouse
$2.32M
$2.03M – $2.70M
NOI $162,142 @ 7.0% cap · market cap 5.41%
Second Best
Industrial
$1.91M
$1.67M – $2.23M
NOI $133,528 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$4.83M
$4.23M – $5.64M
NOI $338,201 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,492
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Vacant industrial space combines office functions, storage, loading access, and convenient connectivity to major highways.
Where is this warehouse located?
The property is located at 1165-69 N 5th St San Jose, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: ±8,000 SF warehouse and manufacturing facility; Two grade‑level doors support loading and operations; Office space plus mezzanine conference room
