1569 Lexann Avenue Unit 224 San Jose, CA 95121
Second-floor office condominium with a flexible open layout in a professional center with ample on-site parking.
Property Features for 1569 Lexann Avenue Unit 224
General Information
- Standard status
- Active
- Size
- 1,170 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2007
Listing office (408) 655-0878
Listing date May 17, 2026
Source Xome
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Investment Insights
Based on property information with market context.
The unit is positioned near East Capitol Expressway in the Evergreen area, within an active retail and commercial corridor. The surrounding amenity base includes well-known retailers such as Target and Costco, along with CVS Pharmacy and Sprouts Farmers Market. Additional nearby options include Starbucks and The Boiling Crab, as well as numerous dining and service establishments. The property also benefits from convenient access to major transportation routes and ample on-site parking, helping support both client and staff arrivals.
This suite is suited to an owner-user seeking a professional office setting with adaptable interior configuration, or to an investor looking for a well-kept office condominium in a high-traffic commercial environment. With its open layout and second-floor placement within a dedicated professional center, the space can be tailored to support a range of business needs in a thriving Silicon Valley market.
Key Highlights
- Second‑floor office condominium (Suite 224) in the Lexann Professional Center
- Approximately 1,100+ SF with a flexible open floor plan for customizable office or medical layouts
- Metal roof; zoning listed as APD
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.6k | $56.04 |
| − Vacancy | −$10.7k | −$9.13 |
| EGI | $54.9k | $46.91 |
| − OpEx | −$13.7k | −$11.73 |
| NOI | $41.2k | $35.18 |
