Medical Office Condo For
For Sale
$795,000
200 Jose Figueres Avenue #340, San Jose, CA 95116
Move-in ready medical office condo near Regional Medical Center.
Property Size1,695 SF
Price / SF$469.03
Days on Market289
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
Listing Agency:
KW SILICON CITY
(408) 755-5972
Listed By:
TRUNG LAM · License #01317941
Source:
Corcoran
Added: Oct 28, 2025
Changed: Jul 6
Last Checked: Aug 12 at 7:08AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,629
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $59,629 @ 7.0% cap · market cap 7.50%
Second Best
Healthcare Medical
$405.3K
$354.7K – $472.9K
NOI $28,374 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.02M
$895.7K – $1.19M
NOI $71,656 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - 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.
