Office Building for
For Sale
$3,200,000
955 Monroe St, Santa Clara, CA 95054
Office building offered for sale at 955 Monroe St in Santa Clara, CA 95054.
Property Size7,039 SF
Days on Market44
Property Features for 955 Monroe St
General Information
Standard status
Active
Size
7,039 SF
Class
Class C
Property subtype
8/20/2026
Building Details
Building Size
7,039 SF
Year Built
2026
Listing Agency:
Cushman & Wakefield | San Jose
(408) 615-3435
Listed By:
Erik Hallgrimson
(408) 615-3435
Source:
Cushmanwakefield
Added: Jul 17
Changed: Aug 23
Last Checked: Aug 29 at 6:51AM
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 Cushman & Wakefield | San Jose
Investment Insights
Based on property information with market context.
This offering is for an office building for sale. The property is listed as office building/office space commercial real estate.
The asset is located at 955 Monroe St in Santa Clara, California (95054). Additional details regarding building size, unit layout, or improvements were not provided with this listing information.
The asset is located at 955 Monroe St in Santa Clara, California (95054). Additional details regarding building size, unit layout, or improvements were not provided with this listing information.
Key Highlights
- Office building for sale at 955 Monroe St, Santa Clara, CA 95054
- Year built: 2026
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
$222,172
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
6.94%
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%
$4,443,440
$4.4M
Cap Rate 7%
$3,173,886
$3.2M
Cap Rate 9%
$2,468,578
$2.5M
Market Conditions
NOI Build-Up for 7,039 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
$354.8K $50.40/SF
− Vacancy
−$58.5K −$8.32/SF
EGI
$296.2K $42.08/SF
− OpEx
−$74.1K −$10.52/SF
NOI
$222.2K $31.56/SF
Area
Santa Clara, CA
Vacancy
16.50%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
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%
$4,443,440
Cap Rate 7%
$3,173,886
Cap Rate 9%
$2,468,578
Alternative Uses
Best Use
Office B
$3.17M
$2.78M – $3.70M
NOI $222,172 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.25M
$3.72M – $4.96M
NOI $297,469 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
Explore this area
Business Placement
Demographics for 95054, CA
25,024
Population
10,001
Households
2.5
Avg Household Size
34
Median Age
68%
College-Educated
94%
High-School Grad
6.4 sq mi
ZIP Area
3,910
Density / Sq Mi
$204,052
Median Household Income
$113,956
Median Earnings
$3,413
Median Rent
$1,475,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building offered for sale at 955 Monroe St in Santa Clara, CA 95054.
Where is this office building located?
The property is located at 955 Monroe St Santa Clara, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Office building for sale at 955 Monroe St, Santa Clara, CA 95054; Year built: 2026
