Medical/Professional Office Condo For
For Sale
$749,000
2039 Forest Avenue #304, San Jose, CA 95128
1,600 SF medical/professional office condo near O'Connor Hospital.
Property Size1,600 SF
Price / SF$468.13
Days on Market232
Property Features for 2039 Forest Avenue #304
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Commercial
Amenities
Central air
Common Garage
Central Air Cooling
Central Forced Air Heating
Covered Parking
Elevator/Lift
Guest Parking
Uncovered Parking
Underground Parking
Wheelchair Access
Building Details
Year Built
1985
Listing Agency:
COLDWELL BANKER REALTY
(408) 355-1500
Listed By:
CHRIS SHAHEEN · License #01421630
(408) 621-7473
Source:
Corcoran
Added: Feb 27
Changed: Aug 8
Last Checked: Aug 25 at 4:51AM
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 COLDWELL BANKER REALTY
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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 is an opportunity to own a 1,600 square foot medical or professional office condominium. It is located on Forest Avenue, within walking distance of O'Connor Hospital, and offers convenient access to highways 280 and 880, as well as Santana Row and Valley Fair. Situated on the third floor, the suite features a reception area with a waiting room, two offices, four exam rooms with plumbing, and a restroom.
Key Highlights
- Approximately 1,600sf medical/professional office condominium.
- Excellent location on Forest Avenue, walking distance to O'Connor Hospital.
- Easy access to 280 and 880.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,287
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,125,740
$1.1M
Cap Rate 7%
$804,100
$804.1K
Cap Rate 9%
$625,411
$625.4K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$89.7K $56.04/SF
− Vacancy
−$14.6K −$9.13/SF
EGI
$75.0K $46.91/SF
− OpEx
−$18.8K −$11.73/SF
NOI
$56.3K $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%
$1,125,740
Cap Rate 7%
$804,100
Cap Rate 9%
$625,411
Alternative Uses
Best Use
Office B
$804.1K
$703.6K – $938.1K
NOI $56,287 @ 7.0% cap · market cap 7.51%
Second Best
Healthcare Medical
$382.6K
$334.8K – $446.4K
NOI $26,784 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$966.3K
$845.5K – $1.13M
NOI $67,640 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,997
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95128, CA
34,776
Population
15,193
Households
2.3
Avg Household Size
38
Median Age
52%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
8,917
Density / Sq Mi
$122,647
Median Household Income
$71,504
Median Earnings
$2,505
Median Rent
$1,214,500
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 - 1,600 SF medical/professional office condo near O'Connor Hospital.
Where is this medical office space located?
The property is located at 2039 Forest Avenue #304 San Jose, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Approximately 1,600sf medical/professional office condominium.; Excellent location on Forest Avenue, walking distance to O'Connor Hospital.; Easy access to 280 and 880.
