Freestanding Office Condo
For Sale
$369,000
2021 The Alameda, San Jose, CA 95126
Three-story freestanding office condo building with built-in file cabinets and shelving and turn-key move-in condition.
Property Size850 SF
Price / SF$434.12
Days on Market194
Property Features for 2021 The Alameda
General Information
Standard status
Active
Size
850 SF
Property subtype
Commercial/Industrial
Amenities
built-in file cabinets
built-in shelving
Building Details
Year Built
1982
Stories
3
Tenancy
Multi
Listing Agency:
Bay Realty Group
Listed By:
Yanzhang Liu · License #01300581
(408) 392-0888
Source:
Exitrealty
Added: Apr 11
Changed: Oct 7
Last Checked: Oct 9 at 6:07PM
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 Bay Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story, multi-owner freestanding office condo building offers a well-designed, appointed workspace with built-in file cabinets and shelving. The space is presented in turn-key move-in condition, supporting an efficient transition for an incoming occupant.
The property is offered for sale as a commercial real estate office condo configuration. Prospective buyers can call to arrange a tour and review available options within the building.
As described, the building is designed for office use and includes built-in storage elements that can help support organized day-to-day operations.
The property is offered for sale as a commercial real estate office condo configuration. Prospective buyers can call to arrange a tour and review available options within the building.
As described, the building is designed for office use and includes built-in storage elements that can help support organized day-to-day operations.
Key Highlights
- Three‑story freestanding office condo building designed for office use
- Built‑in file cabinets and shelving included
- Turn‑key move‑in condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,902
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,040
$598.0K
Cap Rate 7%
$427,171
$427.2K
Cap Rate 9%
$332,244
$332.2K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$47.6K $56.04/SF
− Vacancy
−$7.8K −$9.13/SF
EGI
$39.9K $46.91/SF
− OpEx
−$10.0K −$11.73/SF
NOI
$29.9K $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%
$598,040
Cap Rate 7%
$427,171
Cap Rate 9%
$332,244
Alternative Uses
Best Use
Office B
$427.2K
$373.8K – $498.4K
NOI $29,902 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$513.3K
$449.2K – $598.9K
NOI $35,934 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,793
Businesses Nearby
Explore this area
Business Placement
Demographics for 95126, CA
37,372
Population
16,936
Households
2.2
Avg Household Size
36
Median Age
55%
College-Educated
89%
High-School Grad
3.3 sq mi
ZIP Area
11,325
Density / Sq Mi
$127,297
Median Household Income
$72,722
Median Earnings
$2,544
Median Rent
$1,195,700
Median Home Value
Market
Vacancy Rate% for Office in San Jose, CA
Frequently Asked Questions
What type of property is this?
Office unit - Three-story freestanding office condo building with built-in file cabinets and shelving and turn-key move-in condition.
Where is this office unit located?
The property is located at 2021 The Alameda San Jose, CA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Three‑story freestanding office condo building designed for office use; Built‑in file cabinets and shelving included; Turn‑key move‑in condition
