Flex Commercial
For Sale
$520,000
2050 Concourse Drive Unit 56, San Jose, CA 95131
Industrial park unit with central air, on-site parking, and access to major regional freeways.
Property Size1,216 SF
Price / SF$427.63
Days on Market485
Property Features for 2050 Concourse Drive Unit 56
General Information
Standard status
Active
Size
1,216 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Three-Phase Power
Yes
Amenities
Central Air
3
IP
2 Parking Spaces.
Building Details
Year Built
1974
Listing Agency:
Elite Realty Services
(408) 625-1500
Listed By:
Carlos Deleon · License #01752335
Source:
Xome
Added: May 3, 2025
Changed: Aug 29
Last Checked: Aug 29 at 10:08PM
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 Elite Realty Services
Investment Insights
Based on property information with market context.
This 1,216 sq. ft. commercial condominium at 2050 Concourse Drive Unit 56 provides an open, adaptable interior within an industrial park setting. The property includes central air, a 3-phase transformer, and installed bathroom and sewer service. Its configuration can accommodate office, light industrial, or retail functions, subject to applicable requirements.
The unit is in North San Jose at the intersection of established industrial and business activity, with access to I-880, I-680, and Hwy 101. Two on-site parking spaces support employee and client use. Built in 1974, the property is immediately available for an owner-user or investor.
The unit is in North San Jose at the intersection of established industrial and business activity, with access to I-880, I-680, and Hwy 101. Two on-site parking spaces support employee and client use. Built in 1974, the property is immediately available for an owner-user or investor.
Key Highlights
- 1,216 sq. ft. commercial condominium at 2050 Concourse Drive Unit 56
- 3‑phase transformer and installed bathroom and sewer service
- Industrial park setting with office, light industrial, or retail use potential
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
$42,778
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
8.23%
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%
$855,560
$855.6K
Cap Rate 7%
$611,114
$611.1K
Cap Rate 9%
$475,311
$475.3K
Market Conditions
NOI Build-Up for 1,216 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
$68.1K $56.04/SF
− Vacancy
−$11.1K −$9.13/SF
EGI
$57.0K $46.91/SF
− OpEx
−$14.3K −$11.73/SF
NOI
$42.8K $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%
$855,560
Cap Rate 7%
$611,114
Cap Rate 9%
$475,311
Alternative Uses
Best Use
Office B
$611.1K
$534.7K – $713.0K
NOI $42,778 @ 7.0% cap · market cap 8.23%
Second Best
Flex RnD
$323.4K
$283.0K – $377.3K
NOI $22,640 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$734.4K
$642.6K – $856.8K
NOI $51,407 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,494
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95131, CA
30,975
Population
10,270
Households
3
Avg Household Size
38
Median Age
57%
College-Educated
88%
High-School Grad
5.8 sq mi
ZIP Area
5,341
Density / Sq Mi
$170,128
Median Household Income
$77,369
Median Earnings
$3,182
Median Rent
$1,134,200
Median Home Value
Market
Vacancy Rate% for Office in San Jose, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- TMI & CO — 1991 Autumn Gold Dr, San Jose, CA 95131
- AsK Cuisine Food Truck Catering — 1850 Houret Ct, Milpitas, CA 95035, United States
Frequently Asked Questions
What type of property is this?
Flex space - Industrial park unit with central air, on-site parking, and access to major regional freeways.
Where is this flex space located?
The property is located at 2050 Concourse Drive Unit 56 San Jose, CA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 1,216 sq. ft. commercial condominium at 2050 Concourse Drive Unit 56; 3‑phase transformer and installed bathroom and sewer service; Industrial park setting with office, light industrial, or retail use potential
