Building Details

Year built 1983

Floors in Building 1

Flooring type Carpet

Roof type Tar/Gravel

Listing Agency: Elite Realty Services w***@eliterm.com Show Phone

Listed By: Mike Azimi · License #01379408 Show Phone

Added: Oct 5 Changed: Oct 21 Last Checked: Oct 21 at 8:06AM

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MLS# ML82063555

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Investment Insights

Based on property information with market context.

This 1,095-square-foot medical office suite was built in 1983 and has carpet flooring, forced-air and central heating, and central air conditioning. An accessible elevator serves the building. The suite does not have water or plumbing within the unit.

The property is on Saratoga Sunnyvale Road in Saratoga, California. Public water and sewer serve the property.

Key Highlights

• 1,095 square feet of medical office space
• No water or plumbing within the suite
• Accessible elevator installed

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

Is this asking price fair?

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

Yes

Paved road 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

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Frequently Asked Questions

What type of property is this?

Medical Office Space - A 1,095-square-foot professional suite has central heating and cooling and elevator access.

Where is this medical office space located?

The property is located at 12280 Saratoga Sunnyvale Road 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 feet of medical office space; No water or plumbing within the suite; Accessible elevator installed