Office Condominium Near
New
For Sale
$1,280,000
1754 Technology Dr Unit 106, San Jose, CA 95110
Established business setting with on-site parking and landscaped common areas.
Property Size2,514 SF
Price / SF$509.15
Days on Market2
Property Features for 1754 Technology Dr Unit 106
General Information
Standard status
Active
Size
2,514 SF
Additional Details
Highway Access
Yes
Amenities
landscaped common areas
Building Details
Year Built
1980
Listing Agency:
Star Realty
Listed By:
Jack Liu · License #01338342
(408) 838-3500
Source:
Myfabuloushome
Added: Sep 18
Last Checked: Sep 19 at 10:28AM
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 Star Realty
Investment Insights
Based on property information with market context.
Office condominium at 1754 Technology Drive, Unit 106, provides 2,514 SF of commercial workspace in a building constructed in 1980. The property includes on-site parking and landscaped common areas, supporting a professional office environment suitable for technology, service, and other office uses.
The San Jose property is less than one mile from San José Mineta International Airport, with access to major highways and surrounding business districts. Restaurants, cafés, hotels, and other business services are located nearby, adding convenience for daily operations and visitors.
The San Jose property is less than one mile from San José Mineta International Airport, with access to major highways and surrounding business districts. Restaurants, cafés, hotels, and other business services are located nearby, adding convenience for daily operations and visitors.
Key Highlights
- 2,514 SF office condominium at 1754 Technology Drive, Unit 106
- Less than one mile from San José Mineta International Airport
- On‑site parking and landscaped common areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,768,800
$1.8M
Cap Rate 7%
$1,263,429
$1.3M
Cap Rate 9%
$982,667
$982.7K
Market Conditions
NOI Build-Up for 2,514 SF
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.
Gross rent
$140.9K $56.04/SF
− Vacancy
−$23.0K −$9.13/SF
EGI
$117.9K $46.91/SF
− OpEx
−$29.5K −$11.73/SF
NOI
$88.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,768,800
Cap Rate 7%
$1,263,429
Cap Rate 9%
$982,667
Alternative Uses
Best Use
Office B
$1.26M
$1.11M – $1.47M
NOI $88,440 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,280 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 95110, CA
20,495
Population
7,568
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
4,455
Density / Sq Mi
$132,800
Median Household Income
$60,241
Median Earnings
$2,629
Median Rent
$947,900
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
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Frequently Asked Questions
What type of property is this?
Office units - Established business setting with on-site parking and landscaped common areas.
Where is this office units located?
The property is located at 1754 Technology Dr Unit 106 San Jose, CA.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: 2,514 SF office condominium at 1754 Technology Drive, Unit 106; Less than one mile from San José Mineta International Airport; On‑site parking and landscaped common areas
