IP-Zoned Office
For Sale
$1,099,000
2092 Concourse Drive Unit #9, San Jose, CA 95131
Single-unit commercial property with parking and access to major highways.
Property Size2,304 SF
Price / SF$476
Days on Market127
Property Features for 2092 Concourse Drive Unit #9
General Information
Standard status
Active
Size
2,304 SF
Class
C
Property subtype
Office - General Office
Zoning
IP
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Building Size
2,304 SF
Year Built
1983
Listing Agency:
BellStreet
Listed By:
Jeff Harrison · License #02196246
Source:
Commercialcafe
Added: Jun 17
Changed: Oct 9
Last Checked: Oct 20 at 5:45PM
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 BellStreet
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Investment Insights
Based on property information with market context.
This single-unit office property contains 2,304 SF and was built in 1983. The building carries IP zoning, supporting its classification as an office-oriented commercial asset. Parking is provided, and the property offers visibility within its commercial setting.
Located at 2092 Concourse Drive in San Jose, California, the property provides access to major highways and is positioned near established technology-focused employment areas. The configuration presents a straightforward option for an office user or owner seeking a dedicated commercial building.
Located at 2092 Concourse Drive in San Jose, California, the property provides access to major highways and is positioned near established technology-focused employment areas. The configuration presents a straightforward option for an office user or owner seeking a dedicated commercial building.
Key Highlights
- 2,304 SF office building
- IP zoning
- Built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,053
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,621,060
$1.6M
Cap Rate 7%
$1,157,900
$1.2M
Cap Rate 9%
$900,589
$900.6K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$129.1K $56.04/SF
− Vacancy
−$21.0K −$9.13/SF
EGI
$108.1K $46.91/SF
− OpEx
−$27.0K −$11.73/SF
NOI
$81.1K $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%
$1,621,060
Cap Rate 7%
$1,157,900
Cap Rate 9%
$900,589
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $81,053 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,402 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,401
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
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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
Frequently Asked Questions
What type of property is this?
Office building - Single-unit commercial property with parking and access to major highways.
Where is this office building located?
The property is located at 2092 Concourse Drive Unit #9 San Jose, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 2,304 SF office building; IP zoning; Built in 1983
