ADA-Accessible Office
480 N 1st St San Jose, CA 95112
480 N 1st St, San Jose, CA, 95112
$6,900,000
For Sale
$6,900,000
Multi-use building with elevator and ADA compliance, suited for medical offices or a school near light rail.
Property Size17,000 SF
Price / SF$405.88
Days on Market15
Property Features for 480 N 1st St
General Information
- Standard status
- Active
- Size
- 17,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1957
Listing Agency
Remax Capital
(650) 834-2323
Listed by
Erik Winkler · License #00964405
(650) 834-2323
Source
Dualprideproperties
Added: Jul 7 Updated: Jul 10 at 4:03 pm Checked: Jul 20 at 4:41 am
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 Remax Capital
Investment Insights
Based on property information with market context.
This property is an accessible office building with ADA compliance, an elevator, and a fire alarm system. The seller notes major updates completed in 2016–2017, and the building offers approximately 17,000 square feet of usable space. The layout is positioned to support either medical office use or an educational use, depending on tenant or buyer requirements.
The building is located close to downtown San Jose and directly next to a busy VTA light rail stop, providing convenient transit access. The location supports day-to-day accessibility for staff, patients, students, and visitors.
For owner-users, the combination of ADA accessibility, elevator service, and recent major updates can help streamline operations for a medical practice or school environment. For investors or buyers evaluating mixed-use possibilities within office and specialty uses, the building’s flexible intended uses and transit adjacency may be useful for attracting an organization looking for a transit-accessible campus-style footprint.
The building is located close to downtown San Jose and directly next to a busy VTA light rail stop, providing convenient transit access. The location supports day-to-day accessibility for staff, patients, students, and visitors.
For owner-users, the combination of ADA accessibility, elevator service, and recent major updates can help streamline operations for a medical practice or school environment. For investors or buyers evaluating mixed-use possibilities within office and specialty uses, the building’s flexible intended uses and transit adjacency may be useful for attracting an organization looking for a transit-accessible campus-style footprint.
Key Highlights
- Multi‑use building, year built 1957, with elevator and ADA‑compliant accessibility features
- Approx. 17,000 sq ft of usable space
- Major updates completed in 2016–17
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $952.7k | $56.04 |
| − Vacancy | −$155.3k | −$9.13 |
| EGI | $797.4k | $46.91 |
| − OpEx | −$199.3k | −$11.73 |
| NOI | $598.0k | $35.18 |
17,000 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$8.54M
$7.48M – $9.97M
NOI $598,045 @ 7.0% cap · market cap 8.67%
Second Best
Healthcare Medical
$4.07M
$3.56M – $4.74M
NOI $284,580 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$10.27M
$8.98M – $11.98M
NOI $718,677 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Services For Brain Injury
Medical Clinic
480 North First ...
Parking Lot & Garage
Paul Bick Nguyen ...
Law Firm
Similar For Sale Nearby
Similar Off Market Nearby
- Banfield Pet Hospital — 607 Coleman Ave, San Jose, CA 95110
- Ark Veterinary Care — 295 N 10th St, San Jose, CA 95112
- UNI Pet Clinic - San Jose — 595 N First St, San Jose, CA 95112
FAQs
What type of property is this?
Medical Office Space - Multi-use building with elevator and ADA compliance, suited for medical offices or a school near light rail.
Where is this medical office space located?
The property is located at 480 N 1st St San Jose, CA.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Multi‑use building, year built 1957, with elevator and ADA‑compliant accessibility features; Approx. 17,000 sq ft of usable space; Major updates completed in 2016–17
