Industrial Condo Near San Jose
For Sale
$1,599,000
2216 Ringwood Avenue, San Jose, CA 95131
Industrial condo with office space, near San Jose International Airport.
Property Size3,196 SF
Price / SF$500.31
Days on Market477
Property Features for 2216 Ringwood Avenue
General Information
Standard status
Active
Size
3,196 SF
Building Details
Year Built
2004
Listing Agency:
INTERO REAL ESTATE SERVICES
Listed By:
CARLOS PADILLA
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 INTERO REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This vacant industrial condo, built in 2004, offers approximately 3,196 square feet of space, blending warehouse and office functionalities across two stories. The property features an approximate 24-foot ceiling height and a grade-level roll-up door. Located in North San Jose's Venture Commerce Center, it provides convenient access to I-880, US-101, and Montague Expressway, and is situated just 3.5 miles (a 10-minute drive) from San Jose International Airport (SJC). The property is zoned IP (Industrial Park) and has an L-Shape construction style. HOA dues are $423 per month. This professionally maintained condo is suitable for owner-users or investors, with potential SBA financing available (buyer to verify).
Key Highlights
- Vacant Industrial Condo: Ready for immediate occupancy.
- Strategic Location: Just 3.5 miles from San Jose International Airport (SJC) with easy access to I‑880, US‑101, and Montague Expressway.
- Functional Warehouse/Office Blend: A versatile space for various activities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,432
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,248,640
$2.2M
Cap Rate 7%
$1,606,171
$1.6M
Cap Rate 9%
$1,249,244
$1.2M
Market Conditions
NOI Build-Up for 3,196 SF
Gross rent
$179.1K $56.04/SF
− Vacancy
−$29.2K −$9.13/SF
EGI
$149.9K $46.91/SF
− OpEx
−$37.5K −$11.73/SF
NOI
$112.4K $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%
$2,248,640
Cap Rate 7%
$1,606,171
Cap Rate 9%
$1,249,244
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.87M
NOI $112,432 @ 7.0% cap · market cap 7.03%
Second Best
Warehouse
$925.4K
$809.7K – $1.08M
NOI $64,776 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,111 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,722
Businesses Nearby
Well-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
Check the figures for this property
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?
Warehouse - Industrial condo with office space, near San Jose International Airport.
Where is this warehouse located?
The property is located at 2216 Ringwood Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Vacant Industrial Condo: Ready for immediate occupancy.; Strategic Location: Just 3.5 miles from San Jose International Airport (SJC) with easy access to I‑880, US‑101, and Montague Expressway.; Functional Warehouse/Office Blend: A versatile space for various activities.
