Elevator-Served Office
For Sale
Contact for pricing
2051 Junction Ave, San Jose, CA 95131
Office suite with a kitchenette, shared restrooms, and elevator service in a flexible IP zoning setting.
Property Size2,338 SF
Price / SF$507.90
Days on Market165
Property Features for 2051 Junction Ave
General Information
Standard status
Active
Size
2,338 SF
Property subtype
OFFICE
Zoning
IP
Amenities
Kitchenette
Elevator Served
Shared Restrooms
Listing Agency:
Colliers | Silicon Valley
(408) 282-3914
Listed By:
Matt Morales
Source:
Moodyscre
Added: Feb 23
Changed: Aug 7
Last Checked: Aug 6 at 12:15PM
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 Colliers | Silicon Valley
Investment Insights
Based on property information with market context.
This elevator-served office suite is available now and configured for flexible IP zoning. The unit includes a kitchenette and shared restrooms, making it well-suited for businesses looking for a functional, turnkey day-to-day space.
Located in North San Jose, the property offers an on-site office setup within an urban office environment, supported by elevator access for tenant and guest convenience.
The suite’s interior amenities include a kitchenette for day-to-day use and shared restroom access, with the overall plan designed around efficient office occupancy.
Located in North San Jose, the property offers an on-site office setup within an urban office environment, supported by elevator access for tenant and guest convenience.
The suite’s interior amenities include a kitchenette for day-to-day use and shared restroom access, with the overall plan designed around efficient office occupancy.
Key Highlights
- Office suite available now in a flexible IP zoning setting
- Includes kitchenette
- Elevator‑served office suite
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
$82,249
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
6.93%
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%
$1,644,980
$1.6M
Cap Rate 7%
$1,174,986
$1.2M
Cap Rate 9%
$913,878
$913.9K
Market Conditions
NOI Build-Up for 2,338 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
$131.0K $56.04/SF
− Vacancy
−$21.4K −$9.13/SF
EGI
$109.7K $46.91/SF
− OpEx
−$27.4K −$11.73/SF
NOI
$82.2K $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%
$1,644,980
Cap Rate 7%
$1,174,986
Cap Rate 9%
$913,878
Alternative Uses
Best Use
Office B
$1.17M
$1.03M – $1.37M
NOI $82,249 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,839 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,793
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Office suite with a kitchenette, shared restrooms, and elevator service in a flexible IP zoning setting.
Where is this office units located?
The property is located at 2051 Junction Ave San Jose, CA.
What is the asking price?
The asking price for this property is $1,187,459.
What are key features of this property?
This property features: Office suite available now in a flexible IP zoning setting; Includes kitchenette; Elevator‑served office suite
