Industrial Warehouse
For Sale
$2,200,000
1274 Alma Ct #6, San Jose, CA 95112
Located within San Jose’s industrial corridor with access to major regional highways and Silicon Valley employment centers.
Property Size5,886 SF
Days on Market39
Property Features for 1274 Alma Ct #6
General Information
Standard status
Active
Size
5,886 SF
Property subtype
Commercial
Lease Term
± 3 Years
Additional Details
Highway Access
Yes
Building Details
Building Size
5,886 SF
Listing Agency:
Matthews Real Estate Investment Services | Walnut Creek
(415) 283-0126
Listed By:
Nikta Khanbadr · License #02317154 (CA)
(415) 283-0126
Source:
Matthews
Added: Jul 25
Changed: Aug 31
Last Checked: Aug 31 at 12:40PM
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 Matthews Real Estate Investment Services | Walnut Creek
Investment Insights
Based on property information with market context.
This warehouse property is located at 1274 Alma Ct #6 in San Jose, within an industrial corridor serving a concentration of industrial users and labor. The property is positioned near Downtown San Jose amenities, including Diridon Station and the SAP Center.
Regional access includes proximity to Highway 101, Highway 87, and I-280. San Jose Mineta International Airport is approximately 3 miles northwest, while Cisco, Adobe, and PayPal headquarters are identified as nearby Silicon Valley employment centers.
Regional access includes proximity to Highway 101, Highway 87, and I-280. San Jose Mineta International Airport is approximately 3 miles northwest, while Cisco, Adobe, and PayPal headquarters are identified as nearby Silicon Valley employment centers.
Key Highlights
- Located in San Jose’s industrial corridor
- Near Highway 101, Highway 87, and I‑280
- Approximately 3 miles northwest of San Jose Mineta International Airport
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
$119,296
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
5.42%
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%
$2,385,920
$2.4M
Cap Rate 7%
$1,704,229
$1.7M
Cap Rate 9%
$1,325,511
$1.3M
Market Conditions
NOI Build-Up for 5,886 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
$151.9K $25.80/SF
− Vacancy
−$11.5K −$1.96/SF
EGI
$140.3K $23.84/SF
− OpEx
−$21.1K −$3.58/SF
NOI
$119.3K $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%
$2,385,920
Cap Rate 7%
$1,704,229
Cap Rate 9%
$1,325,511
Alternative Uses
Best Use
Warehouse
$1.70M
$1.49M – $1.99M
NOI $119,296 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.15M
NOI $248,831 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,565
Businesses Nearby
Balanced
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pomona Park Cold Storage — 1649 Pomona Ave, San Jose, CA 95110
- Dunkel Logistics — 1980 S 7th St, San Jose, CA 95112
- Ace Moving Company : Long Distance & Local Movers — 1298 Palm St C, San Jose, CA 95110
- the warehouse inc — 1555 S 7th St, San Jose, CA 95112
- Bartels Moving Systems, Inc. — 1555 S 7th St bldg b, San Jose, CA 95112
Frequently Asked Questions
What type of property is this?
Warehouse - Located within San Jose’s industrial corridor with access to major regional highways and Silicon Valley employment centers.
Where is this warehouse located?
The property is located at 1274 Alma Ct #6 San Jose, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Located in San Jose’s industrial corridor; Near Highway 101, Highway 87, and I‑280; Approximately 3 miles northwest of San Jose Mineta International Airport
