Office Unit in Quiet
For Sale
$499,000
1879 Lundy Avenue #122, San Jose, CA 95131
Office unit in a convenient location with highway access.
Property Size1,027 SF
Price / SF$485.88
Days on Market219
Property Features for 1879 Lundy Avenue #122
General Information
Standard status
Active
Size
1,027 SF
Property subtype
Commercial
Amenities
Central air
Common Garage
Central Air Cooling
Gas Central Forced Air Heat Heating
Laminate Flooring
Building Details
Year Built
2006
Listing Agency:
GREEN VALLEY REALTY USA
(408) 512-5712
Listed By:
WILLIAM CHEN · License #01950952
(408) 679-3587
Source:
Corcoran
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 8 at 2:38PM
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 GREEN VALLEY REALTY USA
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Investment Insights
Based on property information with market context.
This 1027 square foot office unit is situated in a quiet environment, suitable for office use. The location is surrounded by many small and medium-sized companies. It is also near a commercial area with amenities such as Costco, the post office, restaurants, and supermarkets. The property offers convenient access to highways and is located within a reasonable distance from the airport.
Key Highlights
- Convenient access to highways.
- Good location for office use with many small and medium‑sized companies nearby.
- Close proximity to commercial area with Costco, post office, restaurants, and supermarkets.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,129
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,580
$722.6K
Cap Rate 7%
$516,129
$516.1K
Cap Rate 9%
$401,433
$401.4K
Market Conditions
NOI Build-Up for 1,027 SF
Gross rent
$57.6K $56.04/SF
− Vacancy
−$9.4K −$9.13/SF
EGI
$48.2K $46.91/SF
− OpEx
−$12.0K −$11.73/SF
NOI
$36.1K $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%
$722,580
Cap Rate 7%
$516,129
Cap Rate 9%
$401,433
Alternative Uses
Best Use
Office B
$516.1K
$451.6K – $602.2K
NOI $36,129 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$620.2K
$542.7K – $723.6K
NOI $43,417 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,456
Businesses Nearby
Explore this area
Business Placement
Demographics for 95131, CA
30,975
Population
10,270
Households
3
Avg Household Size
38
Median Age
57%
College-Educated
88%
High-School Grad
5.8 sq mi
ZIP Area
5,341
Density / Sq Mi
$170,128
Median Household Income
$77,369
Median Earnings
$3,182
Median Rent
$1,134,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Jose, CA
Frequently Asked Questions
What type of property is this?
Office units - Office unit in a convenient location with highway access.
Where is this office units located?
The property is located at 1879 Lundy Avenue #122 San Jose, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Convenient access to highways.; Good location for office use with many small and medium‑sized companies nearby.; Close proximity to commercial area with Costco, post office, restaurants, and supermarkets.
