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Top-Floor Medical Office Condo

200 Jose Figueres, San Jose, CA 95116

For Sale
$699,000

Shell-condition space in an all-medical office building offers flexibility for a custom practice build-out.

Property Size1,695 SF
Price / SF$412.39
Days on Market82

Property Features for 200 Jose Figueres

General Information

Standard status Active
Size 1,695 SF
Property subtype Commercial
Zoning R140

Space & Availability

Floor 4
Condition Shell
Furnished No

Site & Location

Neighborhood Jose Figueres
Highway Access Yes

Additional Details

HOA Fee $1,442
Property Use Medical Office

Building Details

Building Size 1,695 SF
Year Built 2007
Buildings 1
Stories 4
Listing Agency: Starriver Inc
Listed By: Cindy Liu · License CA #01458200
Source: Jeans-realty
Added: Aug 25 Changed: Nov 11 Last Checked: Nov 13 at 4:22AM

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 Starriver Inc

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Investment Insights

Based on property information with market context.

This medical office condominium occupies the building’s fourth and highest floor. The 1,695-square-foot unit is in shell condition, allowing a licensed medical professional or healthcare practice to plan a custom interior. The all-medical office building was built in 2007 and is located within the San Jose Regional Medical Center campus.

The property is at 200 Jose Figueres in San Jose, with access to Highways 101 and 680. The surrounding campus includes the regional hospital and a community of medical specialties and healthcare services. Zoning is R140.

Key Highlights

  • 1,695‑square‑foot medical office condominium
  • Fourth‑floor unit at the top of an all‑medical office building
  • Shell condition allows for a customized interior build‑out

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$59,629
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,192,580 $1.2M
Cap Rate 7%
$851,843 $851.8K
Cap Rate 9%
$662,544 $662.5K
Market Conditions
NOI Build-Up for 1,695 SF
Gross rent
$95.0K $56.04/SF
− Vacancy
−$15.5K −$9.13/SF
EGI
$79.5K $46.91/SF
− OpEx
−$19.9K −$11.73/SF
NOI
$59.6K $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%
$1,192,580
Cap Rate 7%
$851,843
Cap Rate 9%
$662,544

Alternative Uses

Best Use
Office B
$851.8K
$745.4K – $993.8K (±1% cap)
NOI $59,629 @ 7.0% cap · market cap 8.53%
Second Best
Healthcare Medical
$405.3K
$354.7K – $472.9K (±1% cap)
NOI $28,374 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.02M
$895.7K – $1.19M (±1% cap)
NOI $71,656 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retina-Vitreous Associates Inc: ... Physician Retina-Vitreous Associates Inc: ... Physician Bay Area Primary ... Physician Sekhar Ujwala Eadula Pediatrician Northern California Retina ... Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Hotel & Motel Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,886
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Medical Office Space in San Jose, CA

$480 Jul
$546 Aug
$513 Sep
$594 Oct

Properties on Market for Medical Office Space in San Jose

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in San Jose, CA

9.8% 2019
12% 2020
13.9% 2021
14.1% 2022
16.3% 2023
16.4% 2024
14.9% 2025

Similar Off Market Nearby

  • East San Jose Area Veterinary Care Group — 2254 Alum Rock Ave, San Jose, CA 95116
  • Local Animal Veterinary Care — 175 N Jackson Ave, San Jose, CA 95116
  • VCA Crocker Animal Hospital — 475 N Jackson Ave, San Jose, CA 95133
  • VCA Crocker — 475 N Jackson Ave, San Jose, CA 95133
  • Walker Enterprise Modeling — 247 N Capitol Ave, San Jose, CA 95127

Frequently Asked Questions

What type of property is this?
Medical Office Space - Shell-condition space in an all-medical office building offers flexibility for a custom practice build-out.
Where is this medical office space located?
The property is located at 200 Jose Figueres San Jose, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,695‑square‑foot medical office condominium; Fourth‑floor unit at the top of an all‑medical office building; Shell condition allows for a customized interior build‑out
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Includes: Price & PSF · Cap rate · Location · Zoning

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