Warehouse with Office and
For Sale
$1,349,000
1777 Smith Ave, San Jose, CA 95112
Configured with office space, bathrooms, a mezzanine, and off-street parking.
Property Size4,191 SF
Price / SF$321.88
Days on Market64
Property Features for 1777 Smith Ave
General Information
Standard status
Active
Size
4,191 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1959
Listing Agency:
David Lyng Real Estate
Listed By:
Daniel Alvarez · License #01237892
(831) 476-0100
Source:
Homeisv
Added: Aug 12
Changed: Sep 15
Last Checked: Oct 7 at 4:15PM
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 David Lyng Real Estate
Investment Insights
Based on property information with market context.
This 4,191-square-foot warehouse property includes three offices, two bathrooms, a mezzanine, and one roll-up door. The building also provides off-street parking and was constructed in 1959. The owner is currently vacating the premises.
The property is situated near freeway access, San Jose State University, downtown San Jose, the airport, and Silicon Valley. It was previously operated as a Wurlitzer distributorship, providing an established warehouse layout with supporting office and service areas.
The existing configuration may accommodate a range of warehouse, storage, office, or shop-oriented uses, subject to applicable approvals and site requirements.
The property is situated near freeway access, San Jose State University, downtown San Jose, the airport, and Silicon Valley. It was previously operated as a Wurlitzer distributorship, providing an established warehouse layout with supporting office and service areas.
The existing configuration may accommodate a range of warehouse, storage, office, or shop-oriented uses, subject to applicable approvals and site requirements.
Key Highlights
- 4,191 SF warehouse building constructed in 1959
- Three offices and two bathrooms
- Mezzanine included in the building layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,942
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,698,840
$1.7M
Cap Rate 7%
$1,213,457
$1.2M
Cap Rate 9%
$943,800
$943.8K
Market Conditions
NOI Build-Up for 4,191 SF
Gross rent
$108.1K $25.80/SF
− Vacancy
−$8.2K −$1.96/SF
EGI
$99.9K $23.84/SF
− OpEx
−$15.0K −$3.58/SF
NOI
$84.9K $20.27/SF
Area
San Jose, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,698,840
Cap Rate 7%
$1,213,457
Cap Rate 9%
$943,800
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.42M
NOI $84,942 @ 7.0% cap · market cap 6.30%
Second Best
Flex RnD
$1.11M
$975.4K – $1.30M
NOI $78,030 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,175 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,347
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95112, CA
60,754
Population
22,969
Households
2.6
Avg Household Size
33
Median Age
39%
College-Educated
82%
High-School Grad
7.3 sq mi
ZIP Area
8,322
Density / Sq Mi
$89,649
Median Household Income
$45,690
Median Earnings
$2,095
Median Rent
$956,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Configured with office space, bathrooms, a mezzanine, and off-street parking.
Where is this warehouse located?
The property is located at 1777 Smith Ave San Jose, CA.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: 4,191 SF warehouse building constructed in 1959; Three offices and two bathrooms; Mezzanine included in the building layout
