Subdivided Flex Warehouse
For Sale
Contact for pricing
1811 South 7th Street, San Jose, CA 95112
Flex warehouse property subdivided into five units with extensive parking and office build-outs.
Property Size33,240 SF
Price / SF$336.94
Days on Market32
Property Features for 1811 South 7th Street
General Information
Standard status
Active
Size
33,240 SF
Property subtype
INDUSTRIAL
Building Details
Tenancy
Multi
Listing Agency:
NAI Northern California
(408) 482-8959
Listed By:
Douglas Sharpe · License #00693583
(408) 482-8959
Source:
Moodyscre
Added: Jul 10
Changed: Jul 29
Last Checked: Jul 29 at 4:00AM
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 NAI Northern California
Investment Insights
Based on property information with market context.
This flex warehouse property is subdivided into five units and includes portions that are heavily built out as office space. The facility offers extensive parking to support both employee and visitor access.
Key performance details are noted but require confirmation, including clear height up to 19 feet and electrical capacity up to 4,000A.
Overall, the layout provides a mix of warehouse space and office improvements across multiple units, making it well suited for tenants seeking on-site office integration within a subdivided industrial setting.
Key performance details are noted but require confirmation, including clear height up to 19 feet and electrical capacity up to 4,000A.
Overall, the layout provides a mix of warehouse space and office improvements across multiple units, making it well suited for tenants seeking on-site office integration within a subdivided industrial setting.
Key Highlights
- Flex warehouse property subdivided into 5 units
- Portions heavily built out as office
- Extensive on‑site parking
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
$673,699
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
6.02%
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%
$13,473,980
$13.5M
Cap Rate 7%
$9,624,271
$9.6M
Cap Rate 9%
$7,485,544
$7.5M
Market Conditions
NOI Build-Up for 33,240 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
$857.6K $25.80/SF
− Vacancy
−$65.0K −$1.96/SF
EGI
$792.6K $23.84/SF
− OpEx
−$118.9K −$3.58/SF
NOI
$673.7K $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 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%
$13,473,980
Cap Rate 7%
$9,624,271
Cap Rate 9%
$7,485,544
Alternative Uses
Best Use
Warehouse
$9.62M
$8.42M – $11.23M
NOI $673,699 @ 7.0% cap · market cap 6.02%
Second Best
Flex RnD
$8.84M
$7.74M – $10.31M
NOI $618,877 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$20.07M
$17.57M – $23.42M
NOI $1,405,226 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,501
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse property subdivided into five units with extensive parking and office build-outs.
Where is this flex space located?
The property is located at 1811 South 7th Street San Jose, CA.
What is the asking price?
The asking price for this property is $11,200,000.
What are key features of this property?
This property features: Flex warehouse property subdivided into 5 units; Portions heavily built out as office; Extensive on‑site parking
