Medical Office
New
For Sale
$799,000
200 Jose Figueres Avenue, San Jose, CA 95116
CommercialSale, SanJose, CA
Property Size1,675 SF
Lot Size0.20 Acres
Price / SF$477.01
Days on Market6
Property Features for 200 Jose Figueres Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R140
Parking
2
Subdivision
AlumRock
Standard status
Active
APN
481-80-036
Size
1,675 SF
Lot size
0.20 Acres
Additional Details
Property Use
Medical Office
Condition
Turnkey
Utilities
Water source
Public
Amenities
on-site security
phone and Wi-Fi in every room
Building Details
Year built
2007
Buildings
1
Listing Agency:
Remax Santa Clara Valley · RE/MAX International
(408) 993-8543
Listed By:
Harinder Garcha · License #02132413
(209) 202-6819
Added: Oct 28
Last Checked: Nov 2 at 2:06AM
MLS# ML82065979
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Suite 340 (Unit 312) is a built-out medical office condominium in a four-story, all-medical building completed in 2007. The layout includes six exam rooms, each equipped with a sink and instant hot water, plus a physician’s office with a private entrance and a second office with storage. A reception and waiting area completes the suite.
The property is on the San Jose Regional Medical Center campus, with access to Hwy 101 and 680 within minutes. Building features include on-site security and parking at a ratio of 4 spaces per 1,000 SF. CC&Rs allow medical and related uses.
The property is on the San Jose Regional Medical Center campus, with access to Hwy 101 and 680 within minutes. Building features include on-site security and parking at a ratio of 4 spaces per 1,000 SF. CC&Rs allow medical and related uses.
Key Highlights
- Six exam rooms, each with a sink and instant hot water
- Physician’s office has a private entrance; second office includes storage
- Reception and waiting area with tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,925
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,500
$1.2M
Cap Rate 7%
$841,786
$841.8K
Cap Rate 9%
$654,722
$654.7K
Market Conditions
NOI Build-Up for 1,675 SF
Gross rent
$93.9K $56.04/SF
− Vacancy
−$15.3K −$9.13/SF
EGI
$78.6K $46.91/SF
− OpEx
−$19.6K −$11.73/SF
NOI
$58.9K $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%
$1,178,500
Cap Rate 7%
$841,786
Cap Rate 9%
$654,722
Alternative Uses
Best Use
Office B
$841.8K
$736.6K – $982.1K
NOI $58,925 @ 7.0% cap · market cap 7.37%
Second Best
Healthcare Medical
$400.6K
$350.5K – $467.3K
NOI $28,040 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$1.01M
$885.1K – $1.18M
NOI $70,811 @ 7.0% cap · market cap 8.86%
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
Lease Details
1
Office units
Yes
Highway access
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
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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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Built-out clinical space includes six exam rooms and two private offices within an all-medical building.
Where is this medical office space located?
The property is located at 200 Jose Figueres Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Six exam rooms, each with a sink and instant hot water; Physician’s office has a private entrance; second office includes storage; Reception and waiting area with tile flooring
