Flex Space with Grade-Level
For Sale
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1561 Buckeye Ct, Milpitas, CA 95035
Flex/R&D facility with wet and electronic lab space plus a plug-and-play office buildout.
Property Size44,815 SF
Price / SF$450
Days on Market215
Property Features for 1561 Buckeye Ct
General Information
Standard status
Active
Size
44,815 SF
Property subtype
FLEX_R_AND_D
Site & Location
Neighborhood
North San Jose
Warehouse & Industrial
Clear Height
16.67 ft
Power
2,000 amps
Voltage
480 V
Three-Phase Power
Yes
Amenities
Monument Signage
Listing Agency:
Cushman & Wakefield | San Jose
(408) 615-3400
Listed By:
Steve Pace
(408) 615-3419
Source:
Moodyscre
Added: Apr 1
Changed: Oct 26
Last Checked: Nov 1 at 6:23AM
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
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Investment Insights
Based on property information with market context.
1561 Buckeye Ct in Milpitas offers a flex R&D/lab/manufacturing setup with a defined mix of lab functionality and office space. The building is described as 50% office and 50% R&D/lab/mfg, and includes wet and electronic lab areas alongside plug-and-play office space. Loading is supported by dock and grade-level capabilities, and the facility provides a clear height of 16’8”. Power service is listed as 2,000A @ 120/480V (3 Phase). Monument signage is also noted.
On-site parking is listed as 3/1,000, supporting daily access for staff and visitors.
For users needing an all-in-one lab and flexible operations platform with office support, this configuration is positioned as a dock-and-grade flex facility with wet/electronic lab capability and substantial electrical capacity.
On-site parking is listed as 3/1,000, supporting daily access for staff and visitors.
For users needing an all-in-one lab and flexible operations platform with office support, this configuration is positioned as a dock-and-grade flex facility with wet/electronic lab capability and substantial electrical capacity.
Key Highlights
- Clear height of 16’8” for lab, R&D, and manufacturing operations
- Dock and grade‑level loading with flex R&D/lab/mfg configuration
- 2,000A @ 120/480V (3 Phase) power service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$748,009
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,960,180
$15.0M
Cap Rate 7%
$10,685,843
$10.7M
Cap Rate 9%
$8,311,211
$8.3M
Market Conditions
NOI Build-Up for 44,815 SF
Gross rent
$1.16M $25.80/SF
− Vacancy
−$87.6K −$1.96/SF
EGI
$1.07M $23.84/SF
− OpEx
−$320.6K −$7.15/SF
NOI
$748.0K $16.69/SF
Area
Santa Clara County, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,960,180
Cap Rate 7%
$10,685,843
Cap Rate 9%
$8,311,211
Alternative Uses
Best Use
Industrial
$10.69M
$9.35M – $12.47M
NOI $748,009 @ 7.0% cap · market cap 3.71%
Second Best
Flex RnD
$9.92M
$8.68M – $11.58M
NOI $694,580 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$27.06M
$23.67M – $31.56M
NOI $1,893,885 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 95035, CA
80,440
Population
25,851
Households
3.1
Avg Household Size
37
Median Age
59%
College-Educated
90%
High-School Grad
22.4 sq mi
ZIP Area
3,591
Density / Sq Mi
$176,723
Median Household Income
$81,070
Median Earnings
$3,110
Median Rent
$1,180,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Flex/R&D facility with wet and electronic lab space plus a plug-and-play office buildout.
Where is this flex space located?
The property is located at 1561 Buckeye Ct Milpitas, CA.
What is the asking price?
The asking price for this property is $20,166,750.
What are key features of this property?
This property features: Clear height of 16’8” for lab, R&D, and manufacturing operations; Dock and grade‑level loading with flex R&D/lab/mfg configuration; 2,000A @ 120/480V (3 Phase) power service
