Single-Tenant Medical Office
New
For Sale
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200 Jose Figueres Ave, San Jose, CA 95116
Single-tenant audiology suite with four years of lease term remaining near the hospital campus.
Property Size1,356 SF
Price / SF$713
Days on Market5
Property Features for 200 Jose Figueres Ave
General Information
Standard status
Active
Size
1,356 SF
Property subtype
OFFICE
Additional Details
Office Units
1
Building Details
Tenancy
Single
Listing Agency:
CBRE | San Jose
(408) 453-7478
Listed By:
Paul Lyles · License #01236021
(408) 307-5363
Source:
Moodyscre
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 31 at 9:17AM
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 CBRE | San Jose
Investment Insights
Based on property information with market context.
This single-tenant medical office suite is approximately 1,356 SF and currently occupied by an audiology practice. The practice has been established since 2008, supporting continuity of use for an outpatient setting.
The suite is located on-campus in close proximity to the hospital, within 250 yards based on the CMS campus definition. That adjacency may be particularly relevant for hospital-aligned outpatient needs.
The property includes an in-place lease with four years of lease term remaining. For buyers seeking a small-format medical office investment positioned for ongoing outpatient demand, this suite provides a focused, tenant-specific configuration.
The suite is located on-campus in close proximity to the hospital, within 250 yards based on the CMS campus definition. That adjacency may be particularly relevant for hospital-aligned outpatient needs.
The property includes an in-place lease with four years of lease term remaining. For buyers seeking a small-format medical office investment positioned for ongoing outpatient demand, this suite provides a focused, tenant-specific configuration.
Key Highlights
- Approximately 1,356 SF single‑tenant medical office suite
- Audiology practice with established operations since 2008
- Located within 250 yards of the hospital per CMS campus definition
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 | $76.0k | $56.04 |
| − Vacancy | −$12.4k | −$9.13 |
| EGI | $63.6k | $46.91 |
| − OpEx | −$15.9k | −$11.73 |
| NOI | $47.7k | $35.18 |
1,356 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$681.5K
$596.3K – $795.1K
NOI $47,703 @ 7.0% cap · market cap 4.93%
Second Best
Healthcare Medical
$324.3K
$283.7K – $378.3K
NOI $22,699 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$818.9K
$716.6K – $955.4K
NOI $57,325 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,886
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95116, CA
51,222
Population
13,987
Households
3.7
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
3.6 sq mi
ZIP Area
14,228
Density / Sq Mi
$83,428
Median Household Income
$41,992
Median Earnings
$2,049
Median Rent
$842,700
Median Home Value
Market
Vacancy Rate% for Office in San Jose, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-tenant audiology suite with four years of lease term remaining near the hospital campus.
Where is this medical office space located?
The property is located at 200 Jose Figueres Ave San Jose, CA.
What is the asking price?
The asking price for this property is $966,831.
What are key features of this property?
This property features: Approximately 1,356 SF single‑tenant medical office suite; Audiology practice with established operations since 2008; Located within 250 yards of the hospital per CMS campus definition
