Santa Clara Flex/Industrial
For Sale
Contact for pricing
2290-2294 Walsh Ave, Santa Clara, CA
Three-unit building with prime exposure and convenient access.
Property Size13,873 SF
Lot Size0.76 Acres
Price / SF$360.41
Days on Market531
Property Features for 2290-2294 Walsh Ave
General Information
Standard status
Active
Size
13,873 SF
Lot size
0.76 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Newmark | San Jose
(408) 727-9600
Listed By:
Derek Yep · License #RE#01476099
(408) 987-4106
Source:
Moodyscre
Added: May 2, 2025
Changed: Oct 14
Last Checked: Oct 12 at 10:40PM
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 Newmark | San Jose
Investment Insights
Based on property information with market context.
This three-unit flex/industrial building is situated on a ±32,908 square foot (±0.76 acre) parcel and features prime exposure at the busy intersection of San Tomas Expressway and Walsh Avenue. It offers convenient access to Santa Clara Square amenities. The property includes 36 parking stalls and two fenced enclosures. The roof was newly replaced and the asphalt resurfaced in 2023. The Santa Clara County APN is 224-10-066. The zoning is Low Intensity Office/R&D. According to the General Plan (Under Land Use Phase III: 2025 – 2035), the zoning is Low Intensity Office/R&D including Exception Area for Places of Assembly and Entertainment Uses. The buyer is responsible for verifying with the City of Santa Clara that the property is suitable for its intended use. The building contains 13,873 square feet.
Key Highlights
- Prime exposure at San Tomas Expressway & Walsh Avenue
- 36 Parking Stalls plus 2 fenced enclosures
- ±32,908 SF (±0.76 Acre) Parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,460
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,629,200
$4.6M
Cap Rate 7%
$3,306,571
$3.3M
Cap Rate 9%
$2,571,778
$2.6M
Market Conditions
NOI Build-Up for 13,873 SF
Gross rent
$382.9K $27.60/SF
− Vacancy
−$26.8K −$1.93/SF
EGI
$356.1K $25.67/SF
− OpEx
−$124.6K −$8.98/SF
NOI
$231.5K $16.68/SF
Area
Santa Clara, CA
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,629,200
Cap Rate 7%
$3,306,571
Cap Rate 9%
$2,571,778
Alternative Uses
Best Use
Industrial
$3.31M
$2.89M – $3.86M
NOI $231,555 @ 7.0% cap · market cap 4.63%
Second Best
Flex RnD
$3.31M
$2.89M – $3.86M
NOI $231,460 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$8.38M
$7.33M – $9.77M
NOI $586,274 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Sandi's Cobbler Cups — 2533 Gallup Dr, Santa Clara, CA 95051
- Nourish Inc. — 2170 Martin Ave, Santa Clara, CA 95050
- Tacos and Tequila — 2120 Walsh Ave, Santa Clara, CA 95050
Frequently Asked Questions
What type of property is this?
Flex space - Three-unit building with prime exposure and convenient access.
Where is this flex space located?
The property is located at 2290-2294 Walsh Ave Santa Clara, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime exposure at San Tomas Expressway & Walsh Avenue; 36 Parking Stalls plus 2 fenced enclosures; ±32,908 SF (±0.76 Acre) Parcel
