Evergreen San Jose Office
For Sale
$848,000
1569 Lexann Avenue #224, San Jose, CA 95121
Spacious office condo in a thriving San Jose location.
Property Size1,170 SF
Price / SF$724.79
Days on Market246
Property Features for 1569 Lexann Avenue #224
General Information
Standard status
Active
Size
1,170 SF
Property subtype
Commercial
Amenities
Common Garage
Metal Roof
Concrete Flooring
Elevator/Lift
No Heat Heating
Wheelchair Access
Building Details
Year Built
2007
Listing Agency:
BLOCK CHANGE REAL ESTATE
(408) 655-0878
Listed By:
THAO DANG & BRIAN NG · License #70013767
(408) 972-1367
Source:
Corcoran
Added: Feb 3
Changed: Aug 26
Last Checked: Aug 14 at 6:01AM
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 BLOCK CHANGE REAL ESTATE
Investment Insights
Based on property information with market context.
Located in the Evergreen neighborhood of San Jose, 1569 Lexann Avenue, Suite 224 is a second-floor office condominium within the Lexann Professional Center. The unit offers a flexible open floor plan, allowing customization to suit various business operations and layout preferences. The property is suitable for professional or medical uses. The space is approximately 1,100+ square feet. Positioned near East Capitol Expressway within Evergreen's active retail and commercial corridor, the property benefits from visibility and surrounding amenities. Nearby tenants and retailers include Target, Costco, CVS Pharmacy, Sprouts Farmers Market, Starbucks, The Boiling Crab, and numerous dining and service establishments. The property also offers access to major transportation routes and on-site parking, enhancing accessibility for both clients and staff. It is an opportunity for an owner-user or investor seeking a professional office space in a Silicon Valley location.
Key Highlights
- Located in the highly desirable Evergreen neighborhood of San Jose.
- Versatile 1,100+ sq ft office condominium suitable for professional or medical use.
- Flexible open floor plan allowing for efficient customization.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,160
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,200
$823.2K
Cap Rate 7%
$588,000
$588.0K
Cap Rate 9%
$457,333
$457.3K
Market Conditions
NOI Build-Up for 1,170 SF
Gross rent
$65.6K $56.04/SF
− Vacancy
−$10.7K −$9.13/SF
EGI
$54.9K $46.91/SF
− OpEx
−$13.7K −$11.73/SF
NOI
$41.2K $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 Rate 5%
$823,200
Cap Rate 7%
$588,000
Cap Rate 9%
$457,333
Alternative Uses
Best Use
Office B
$588.0K
$514.5K – $686.0K
NOI $41,160 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$706.6K
$618.3K – $824.4K
NOI $49,462 @ 7.0% cap · market cap 5.83%
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
880
Businesses Nearby
Explore this area
Business Placement
Demographics for 95121, CA
37,609
Population
9,918
Households
3.8
Avg Household Size
41
Median Age
34%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
8,548
Density / Sq Mi
$133,700
Median Household Income
$51,811
Median Earnings
$2,912
Median Rent
$1,024,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 units - Spacious office condo in a thriving San Jose location.
Where is this office units located?
The property is located at 1569 Lexann Avenue #224 San Jose, CA.
What is the asking price?
The asking price for this property is $848,000.
What are key features of this property?
This property features: Located in the highly desirable Evergreen neighborhood of San Jose.; Versatile 1,100+ sq ft office condominium suitable for professional or medical use.; Flexible open floor plan allowing for efficient customization.
