Building Details

Year Built 1983

Listing Agency: ELITE REALTY SERVICES Show Phone

Listed By: MIKE AZIMI · License #01379408 Show Phone

Source: Corcoran

Added: Oct 11 Changed: Oct 13 Last Checked: Oct 13 at 2:20AM

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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 ELITE REALTY SERVICES

Investment Insights

Based on property information with market context.

This 1,095-square-foot medical office suite at 12280 Saratoga Sunnyvale Road, Suite 205, dates to 1983. It is presently used for optometry and vision therapy, and there is no water service or plumbing inside the unit.

The property is along Saratoga-Sunnyvale Road, with access to major highways, shopping, dining, and surrounding Silicon Valley communities.

Key Highlights

• 1,095‑square‑foot medical office suite
• Currently used for optometry and vision therapy
• No water or plumbing within the unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,521

Cap Rate

5.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$770,420 $770.4K

Cap Rate 7%

$550,300 $550.3K

Cap Rate 9%

$428,011 $428.0K

Market Conditions

NOI Build-Up for 1,095 SF

Gross rent

$61.4K $56.04/SF

− Vacancy

−$10.0K −$9.13/SF

EGI

$51.4K $46.91/SF

− OpEx

−$12.8K −$11.73/SF

NOI

$38.5K $35.18/SF

Area

Santa Clara County, CA

Vacancy

16.30%

Lease Rate

$56.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$770,420

Cap Rate 7%

$550,300

Cap Rate 9%

$428,011

Alternative Uses

Best Use

Office B

$550.3K

$481.5K – $642.0K (±1% cap)

NOI $38,521 @ 7.0% cap · market cap 5.71%

Second Best

Healthcare Medical

$293.3K

$256.6K – $342.2K (±1% cap)

NOI $20,530 @ 7.0% cap · market cap 3.04%

Theoretical Best

Office A

$661.1K

$578.4K – $771.3K (±1% cap)

NOI $46,275 @ 7.0% cap · market cap 6.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Village Insurance Services Insurance Agency Mu Element Acupuncture ... Medical Clinic The Jay Koo Academy High School MJC Realty Real Estate Agency Joseph Miller Physician

Suggested Use

Top Pick Law Firm Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Hair Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

696

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 95070, CA

32,419

Population

11,849

Households

2.7

Avg Household Size

49

Median Age

81%

College-Educated

97%

High-School Grad

28.3 sq mi

ZIP Area

1,146

Density / Sq Mi

$240,980

Median Household Income

$132,780

Median Earnings

$3,501

Median Rent

$2,000,001

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - The unit is currently used for optometry and vision therapy in a professional office setting.

Where is this medical office space located?

The property is located at 12280 Saratoga Sunnyvale Road #205 Saratoga, CA.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 1,095‑square‑foot medical office suite; Currently used for optometry and vision therapy; No water or plumbing within the unit