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    Medical Office Condo For Sale Title is generated by Realmo AI

    200 Jose Figueres Avenue #340, San Jose, CA 95116

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    For Sale
    $795,000

    Move-in ready medical office condo near Regional Medical Center.

    Type:Commercial
    Property size:
    1,695 SF
    Price / SF:
    $469/SF
    Added:
    Oct 28, 2025
    Days on Market:
    221
    Last Refresh:
    Apr 5 at 9:09 pm

    Property Features for 200 Jose Figueres Avenue #340

    General Information

    Standard status
    Active
    Size
    1,695 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    TRUNG LAM

    Listing agent TRUNG LAM License #01317941

    Listing office KW SILICON CITY

    Listing date Oct 28, 2025

    Source Corcoran

    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 KW SILICON CITY

    HighLights

    • Move‑in ready medical office condo in an all‑medical building.
    • Prime location steps from the Regional Medical Center with easy highway access (101 and 680).
    • Six exam rooms, private doctor's office with private entrance, and additional large private office.
    • Each room equipped with phone line outlet, Wi‑Fi access, sink, and instant water heater.
    • High‑quality tenant improvements (TI) and custom doors.
    • Large welcoming reception area and comfortable waiting room.

    Overview

    This well-maintained, ready-to-occupy medical office condo offers 1,695 square feet of space with high-quality tenant improvements. Ideally suited for a medical or healthcare practice, this suite is located in an all-medical office building near the Regional Medical Center, with convenient access to Highways 101 and 680. The layout includes a large reception area, a waiting room with tiled floor and custom paint, six exam rooms, and a private doctor's office with a private entrance. An additional large private office overlooks the East Foothills and features a sink and adjacent filing/storage area. A tile-floored restroom is also included. High-quality custom doors are present throughout the space. Each room is equipped with a phone line outlet, Wi-Fi access, a sink, and an instant water heater. One private office and the waiting room have TV outlets and wiring. The office is located in San Jose, CA 95116.

    Local 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 $95.0k $56.04
    − Vacancy −$15.5k −$9.13
    EGI $79.5k $46.91
    − OpEx −$19.9k −$11.73
    NOI $59.6k $35.18
    1,695 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $851.8K
    $745.4K – $993.8K (±1% cap)
    NOI $59,629 @ 7.0% cap · market cap 7.50%
    Second Best
    Healthcare Medical
    $405.3K
    $354.7K – $472.9K (±1% cap)
    NOI $28,374 @ 7.0% cap · market cap 3.57%
    Theoretical Best
    Office A
    $1.02M
    $895.7K – $1.19M (±1% cap)
    NOI $71,656 @ 7.0% cap · market cap 9.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.85
    Latitude
    37.3616

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    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready medical office condo near Regional Medical Center.
    Where is this medical office space located?
    The property is located at 200 Jose Figueres Avenue #340 San Jose, CA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Move‑in ready medical office condo in an all‑medical building.; Prime location steps from the Regional Medical Center with easy highway access (101 and 680).; Six exam rooms, private doctor's office with private entrance, and additional large private office.
    (408) 755-5972
    We can help!
    Listing Contact
    TRUNG LAM
    Real Estate License ID: 01317941
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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