Medical Office Suite with Dental
For Sale
$800,000
202-1569 Lexann Ave, San Jose, CA 95121
Treatment rooms, reception and waiting areas, and on-site parking support a range of professional office uses.
Property Size998 SF
Price / SF$801.60
Days on Market14
Property Features for 202-1569 Lexann Ave
General Information
Standard status
Active
Size
998 SF
Additional Details
Business Included
Yes
Office Units
1
Building Details
Owner Occupied
No
Listing Agency:
LTN Realty Inc.
(408) 916-8346
Listed By:
Alex Tran
(408) 687-9809
Source:
Exprealty
Added: Oct 2
Changed: Oct 15
Last Checked: Oct 15 at 2:26AM
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 LTN Realty Inc.
Investment Insights
Based on property information with market context.
This approximately 998-square-foot medical office suite is vacant and arranged as a dental office. The layout includes three exam and treatment rooms, a private office, reception and waiting areas, a separate restroom, and storage. Dental equipment is in place, and the space is ready for occupancy. The owner is retiring and may consider a sale that includes dental practice assets; Suite 102 may also be available for purchase.
The suite is part of a professional office complex with on-site parking and a medical and professional setting. Its existing room configuration supports medical, dental, healthcare, or other professional office use.
The suite is part of a professional office complex with on-site parking and a medical and professional setting. Its existing room configuration supports medical, dental, healthcare, or other professional office use.
Key Highlights
- Approximately 998 sq. ft. of medical office space
- Configured with 3 exam and treatment rooms, a private office, reception and waiting areas
- Dental equipment in place; suite is vacant and ready for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,109
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,180
$702.2K
Cap Rate 7%
$501,557
$501.6K
Cap Rate 9%
$390,100
$390.1K
Market Conditions
NOI Build-Up for 998 SF
Gross rent
$55.9K $56.04/SF
− Vacancy
−$9.1K −$9.13/SF
EGI
$46.8K $46.91/SF
− OpEx
−$11.7K −$11.73/SF
NOI
$35.1K $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%
$702,180
Cap Rate 7%
$501,557
Cap Rate 9%
$390,100
Alternative Uses
Best Use
Office B
$501.6K
$438.9K – $585.2K
NOI $35,109 @ 7.0% cap · market cap 4.39%
Second Best
Healthcare Medical
$238.7K
$208.8K – $278.5K
NOI $16,707 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$602.7K
$527.4K – $703.2K
NOI $42,191 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95121, CA
37,609
Population
9,918
Households
3.8
Avg Household Size
41
Median Age
34%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
8,548
Density / Sq Mi
$133,700
Median Household Income
$51,811
Median Earnings
$2,912
Median Rent
$1,024,700
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 - Treatment rooms, reception and waiting areas, and on-site parking support a range of professional office uses.
Where is this medical office space located?
The property is located at 202-1569 Lexann Ave San Jose, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Approximately 998 sq. ft. of medical office space; Configured with 3 exam and treatment rooms, a private office, reception and waiting areas; Dental equipment in place; suite is vacant and ready for occupancy
