Historic Office
For Sale
$3,149,001
830 The Alameda, San Jose, CA 95126
Restored commercial office property with private, gated parking and flexible land-use designations.
Property Size6,552 SF
Price / SF$480.62
Days on Market43
Property Features for 830 The Alameda
General Information
Standard status
Active
Size
6,552 SF
Property subtype
Office
Additional Details
Asking Price
$4,100,000
Building Details
Year Built
1937
Year Renovated
2008
Listed By:
Nick Whitstone · License #01196787
(408) 453-7438
Source:
Cbre
Added: Jul 30
Changed: Sep 6
Last Checked: Sep 10 at 5:18AM
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 Nick Whitstone
Investment Insights
Based on property information with market context.
This office building contains 6,552 square feet and was built in 1937, with restoration completed in 2008. The property includes private, gated parking and is situated on 10.019 acres of land. Its General Plan designations are NCC and UR, supporting evaluation for office and other applicable commercial uses.
Located at 830 The Alameda in San Jose, the property offers a substantial land component for an office asset, along with established improvements and controlled on-site parking.
Located at 830 The Alameda in San Jose, the property offers a substantial land component for an office asset, along with established improvements and controlled on-site parking.
Key Highlights
- 6,552‑square‑foot office building on 10.019 acres
- Built in 1937 and restored in 2008
- Private, gated parking
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
$230,494
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
7.32%
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%
$4,609,880
$4.6M
Cap Rate 7%
$3,292,771
$3.3M
Cap Rate 9%
$2,561,044
$2.6M
Market Conditions
NOI Build-Up for 6,552 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
$367.2K $56.04/SF
− Vacancy
−$59.8K −$9.13/SF
EGI
$307.3K $46.91/SF
− OpEx
−$76.8K −$11.73/SF
NOI
$230.5K $35.18/SF
Area
San Jose, 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 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%
$4,609,880
Cap Rate 7%
$3,292,771
Cap Rate 9%
$2,561,044
Alternative Uses
Best Use
Office B
$3.29M
$2.88M – $3.84M
NOI $230,494 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.96M
$3.46M – $4.62M
NOI $276,987 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,604
Businesses Nearby
Explore this area
Business Placement
Demographics for 95126, CA
37,372
Population
16,936
Households
2.2
Avg Household Size
36
Median Age
55%
College-Educated
89%
High-School Grad
3.3 sq mi
ZIP Area
11,325
Density / Sq Mi
$127,297
Median Household Income
$72,722
Median Earnings
$2,544
Median Rent
$1,195,700
Median Home Value
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Market
Vacancy Rate% for Office in San Jose, CA
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Frequently Asked Questions
What type of property is this?
Office building - Restored commercial office property with private, gated parking and flexible land-use designations.
Where is this office building located?
The property is located at 830 The Alameda San Jose, CA.
What is the asking price?
The asking price for this property is $3,149,001.
What are key features of this property?
This property features: 6,552‑square‑foot office building on 10.019 acres; Built in 1937 and restored in 2008; Private, gated parking
