Multi-Office Commercial
For Sale
Contact for pricing
1669 Flanigan DR, San Jose, CA 95121
The interior includes nine private offices, a conference room, reception desk, and shared desk area.
Property Size21,054 SF
Days on Market185
Property Features for 1669 Flanigan DR
General Information
Standard status
Active
Size
21,054 SF
Class
Class A
Site & Location
Neighborhood
Evergreen
Additional Details
Property Use
Office
Amenities
receptionist desk
conference room
common desk area
Building Details
Year Built
2001
Listing Agency:
Compass
Listed By:
Guy Giuffre · License #1393931
(831) 566-5430
Source:
Giuffreproperties
Added: Apr 29
Changed: Oct 30
Last Checked: Oct 28 at 3:48PM
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 Compass
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Investment Insights
Based on property information with market context.
This office property contains a 21,054-square-foot building constructed in 2001. Its interior is configured with nine small offices, a reception desk, conference room, and common desk area. Available spaces include 800-square-foot, 1,000-square-foot, and 2,000-square-foot units.
Key Highlights
- Available office units: 2,000 SF, 1,000 SF, and 800 SF
- Nine small offices, plus a conference room and reception desk
- Common desk area included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$740,661
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,813,220
$14.8M
Cap Rate 7%
$10,580,871
$10.6M
Cap Rate 9%
$8,229,567
$8.2M
Market Conditions
NOI Build-Up for 21,054 SF
Gross rent
$1.18M $56.04/SF
− Vacancy
−$192.3K −$9.13/SF
EGI
$987.5K $46.91/SF
− OpEx
−$246.9K −$11.73/SF
NOI
$740.7K $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%
$14,813,220
Cap Rate 7%
$10,580,871
Cap Rate 9%
$8,229,567
Alternative Uses
Best Use
Office B
$10.58M
$9.26M – $12.34M
NOI $740,661 @ 7.0% cap · market cap 37,033,050.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.72M
$11.13M – $14.83M
NOI $890,061 @ 7.0% cap · market cap 44,503,050.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,325
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in San Jose, CA
Frequently Asked Questions
What type of property is this?
Office unit - The interior includes nine private offices, a conference room, reception desk, and shared desk area.
Where is this office unit located?
The property is located at 1669 Flanigan DR San Jose, CA.
What are key features of this property?
This property features: Available office units: 2,000 SF, 1,000 SF, and 800 SF; Nine small offices, plus a conference room and reception desk; Common desk area included
