4,000-Square-Foot Office
For Sale
Contact for pricing
1505 Meridian Avenue, San Jose, CA 95125
Standalone office property offering a compact commercial footprint for business operations.
Property Size4,000 SF
Price / SF$873.75
Days on Market60
Property Features for 1505 Meridian Avenue
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
20
Property subtype
Office
Investment Type
Owner/User
Building Details
Stories
1
Units
2
Listing Agency:
California Partners, Inc.
Listed By:
Walter Gil · License #00755670
Source:
Crexi
Added: Jul 2
Changed: Aug 29
Last Checked: Aug 29 at 3:55PM
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 California Partners, Inc.
Investment Insights
Based on property information with market context.
This office building contains 4,000 square feet of commercial space. The property is identified as an office asset and is offered for sale.
Located at 1505 Meridian Avenue in San Jose, California, the property provides a defined office setting for a business user or ownership strategy.
Located at 1505 Meridian Avenue in San Jose, California, the property provides a defined office setting for a business user or ownership strategy.
Key Highlights
- 4,000 square feet of office space
- Office building offered for sale
- Located at 1505 Meridian Avenue, San Jose, CA
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
$140,716
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
4.03%
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%
$2,814,320
$2.8M
Cap Rate 7%
$2,010,229
$2.0M
Cap Rate 9%
$1,563,511
$1.6M
Market Conditions
NOI Build-Up for 4,000 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
$224.2K $56.04/SF
− Vacancy
−$36.5K −$9.13/SF
EGI
$187.6K $46.91/SF
− OpEx
−$46.9K −$11.73/SF
NOI
$140.7K $35.18/SF
Area
ZIP 95125
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%
$2,814,320
Cap Rate 7%
$2,010,229
Cap Rate 9%
$1,563,511
Alternative Uses
Best Use
Office B
$2.01M
$1.76M – $2.35M
NOI $140,716 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,101 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,507
Businesses Nearby
Explore this area
Business Placement
Demographics for 95125, CA
54,000
Population
22,151
Households
2.4
Avg Household Size
41
Median Age
56%
College-Educated
91%
High-School Grad
7.3 sq mi
ZIP Area
7,397
Density / Sq Mi
$148,422
Median Household Income
$77,440
Median Earnings
$2,394
Median Rent
$1,646,000
Median Home Value
Market
Vacancy Rate% for Office in San Jose, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Standalone office property offering a compact commercial footprint for business operations.
Where is this office building located?
The property is located at 1505 Meridian Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 4,000 square feet of office space; Office building offered for sale; Located at 1505 Meridian Avenue, San Jose, CA
