San Jose Commercial Condo
175 Lewis Road #22 San Jose, CA 95111
175 Lewis Road #22, San Jose, CA, 95111
$1,049,000
For Sale
$1,049,000
Well-maintained commercial condo with office, warehouse space, and modern upgrades.
Property Size2,605 SF
Price / SF$402.69
Days on Market394
Property Features for 175 Lewis Road #22
General Information
- Standard status
- Active
- Size
- 2,605 SF
Building Details
- Year Built
- 1990
Listing Agency
PACIFICWIDE REAL ESTATE & MORTGAGE
Listed by
KEVIN KHOI NGUYEN
Source
Corcoran
Added: Jun 19, 2025 Checked: Mar 16 at 9:09 am
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 PACIFICWIDE REAL ESTATE & MORTGAGE
Investment Insights
Based on property information with market context.
This commercial condo in San Jose offers a functional layout featuring dedicated office space and a warehouse area. The property includes two restrooms and a roll-up door for convenient loading. Upgrades completed in 2022 include a new electrical panel, LED lighting, ceiling improvements, and durable laminate flooring. Ample on-site parking is available, and the property features a gated entrance for added security. Its location provides quick access to Highways 87, 280, and 101, facilitating travel throughout the Bay Area. The property is suitable for a variety of business uses and presents an investment opportunity for owner-users or investors.
Key Highlights
- 5.5% CAP Rate: A strong investment opportunity.
- Strategic Location: Quick access to Highways 87, 280, and 101.
- Versatile Unit: Features dedicated office space, warehouse area, and two restrooms.
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 | $146.0k | $56.04 |
| − Vacancy | −$23.8k | −$9.13 |
| EGI | $122.2k | $46.91 |
| − OpEx | −$30.5k | −$11.73 |
| NOI | $91.6k | $35.18 |
2,605 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,642 @ 7.0% cap · market cap 8.74%
Second Best
Warehouse
$752.5K
$658.4K – $877.9K
NOI $52,672 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,473 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
N M Machining ...
Industrial Manufacturer
Stellar Machining solutions ...
Industrial Manufacturer
California Style Roofing
Roofing Company
San Jose Hoarding ...
(Bike/Boat/Book/etc) Store
D & D Laboratory
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- On The Fly Mobile Kitchen — n/a, San Jose, CA 95111
- Parties with Sol — 3010 Monterey Rd, San Jose, CA 95111
- Kona Island Coffee — 105 E Fremont Ave, Sunnyvale, CA 94087
FAQs
What type of property is this?
Flex space - Well-maintained commercial condo with office, warehouse space, and modern upgrades.
Where is this flex space located?
The property is located at 175 Lewis Road #22 San Jose, CA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: 5.5% CAP Rate: A strong investment opportunity.; Strategic Location: Quick access to Highways 87, 280, and 101.; Versatile Unit: Features dedicated office space, warehouse area, and two restrooms.
