New Commercial Building in
For Sale
$4,800,000
2220 Winchester Boulevard, Campbell, CA 95008
New construction mixed-use building in downtown Campbell with high visibility.
Property Size4,344 SF
Lot Size0.10 Acres
Price / SF$1,104
Days on Market635
Property Features for 2220 Winchester Boulevard
General Information
Standard status
Active
Size
4,344 SF
Lot size
0.10 Acres
Property subtype
Commercial
Amenities
Central air
Central Air Cooling
Central Forced Air Heating
Covered Parking
Parking Area
Room for Oversized Vehicle
Tile Roof
Building Details
Year Built
2024
Listing Agency:
COMPASS
(408) 358-1111
Listed By:
EDIE HALENBECK · License #01527235
Source:
Corcoran
Added: Nov 11, 2024
Changed: Aug 8
Last Checked: Aug 8 at 5:55AM
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 COMPASS
Investment Insights
Based on property information with market context.
This state-of-the-art commercial building, slated for completion in 2025, is located in downtown Campbell's central business and mixed-use district. Zoned for a wide range of businesses, including retail, office, and restaurant uses, the property is also equipped with high-power capacity suitable for manufacturing and tech facilities. The building is wired for advanced security and surveillance systems. Situated on a major street, the property offers high signage visibility and is easily accessible to major roads and highways throughout Silicon Valley. On-site parking includes 20 spaces, with additional street parking available. The usable area is 6,344 square feet, including an approximately 2,000 square foot bonus room. The property is located in Campbell, a community in the heart of Silicon Valley.
Key Highlights
- Newly built in 2024/2025: Enjoy a state‑of‑the‑art commercial building, eliminating maintenance concerns.
- Prime downtown Campbell location: Benefit from high visibility on a major street with easy access to major roads and highways throughout Silicon Valley.
- Flexible zoning: Suitable for a wide range of businesses including retail, office, and restaurant.
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
$152,818
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
3.18%
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%
$3,056,360
$3.1M
Cap Rate 7%
$2,183,114
$2.2M
Cap Rate 9%
$1,697,978
$1.7M
Market Conditions
NOI Build-Up for 4,344 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
$243.4K $56.04/SF
− Vacancy
−$39.7K −$9.13/SF
EGI
$203.8K $46.91/SF
− OpEx
−$50.9K −$11.73/SF
NOI
$152.8K $35.18/SF
Area
Santa Clara County, 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%
$3,056,360
Cap Rate 7%
$2,183,114
Cap Rate 9%
$1,697,978
Alternative Uses
Best Use
Office B
$2.18M
$1.91M – $2.55M
NOI $152,818 @ 7.0% cap · market cap 3.18%
Second Best
Retail
$1.68M
$1.47M – $1.96M
NOI $117,338 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$2.62M
$2.29M – $3.06M
NOI $183,578 @ 7.0% cap · market cap 3.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,555
Businesses Nearby
Explore this area
Business Placement
Demographics for 95008, CA
49,038
Population
20,013
Households
2.5
Avg Household Size
39
Median Age
59%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
7,544
Density / Sq Mi
$142,841
Median Household Income
$84,022
Median Earnings
$2,694
Median Rent
$1,578,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - New construction mixed-use building in downtown Campbell with high visibility.
Where is this mixed-use property located?
The property is located at 2220 Winchester Boulevard Campbell, CA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Newly built in 2024/2025: Enjoy a state‑of‑the‑art commercial building, eliminating maintenance concerns.; Prime downtown Campbell location: Benefit from high visibility on a major street with easy access to major roads and highways throughout Silicon Valley.; Flexible zoning: Suitable for a wide range of businesses including retail, office, and restaurant.
