Renovated Office Building with Monument
For Sale
Contact for pricing
2242 Camden Ave, San Jose, CA 95124
Professional office property with updated common areas, glass entry doors, monument signage, and public transit access.
Property Size12,325 SF
Price / SF$1,000
Days on Market52
Property Features for 2242 Camden Ave
General Information
Standard status
Active
Size
12,325 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Renovated
2025
Listing Agency:
CBRE | San Jose
(408) 453-7400
Listed By:
Thor Wiles · License #01237980
(408) 453-7478
Source:
Moodyscre
Added: Jul 28
Changed: Sep 16
Last Checked: Sep 16 at 7:50PM
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 CBRE | San Jose
Investment Insights
Based on property information with market context.
This 12,325-square-foot office building features elegant glass door entries, Italian tile accent detailing, and entry tile walkways. Common area flooring was renovated in 2025, providing updated finishes throughout the shared arrival areas. Monument signage supports property identification along a high-traffic corridor with a public transit route.
The property is located at 2242 Camden Ave in San Jose, California, with access to Hwys. 17/880 and 85. It is within 5 miles of Good Samaritan Hospital, Stanford Healthcare, Sutter Healthcare, El Camino Hospital of Los Gatos, Kaiser Permanente, Santa Clara Valley Medical Center, and O’Connor Hospital. The property serves communities throughout the South Bay and surrounding area, including Campbell, Willow Glen, Santa Clara, Los Gatos, Saratoga, Cupertino, Sunnyvale, Mountain View, Palo Alto, Los Altos, Menlo Park, Atherton, Woodside, Milpitas, Morgan Hill, Gilroy, Scotts Valley, Cambrian Park, and Almaden Valley.
The property is located at 2242 Camden Ave in San Jose, California, with access to Hwys. 17/880 and 85. It is within 5 miles of Good Samaritan Hospital, Stanford Healthcare, Sutter Healthcare, El Camino Hospital of Los Gatos, Kaiser Permanente, Santa Clara Valley Medical Center, and O’Connor Hospital. The property serves communities throughout the South Bay and surrounding area, including Campbell, Willow Glen, Santa Clara, Los Gatos, Saratoga, Cupertino, Sunnyvale, Mountain View, Palo Alto, Los Altos, Menlo Park, Atherton, Woodside, Milpitas, Morgan Hill, Gilroy, Scotts Valley, Cambrian Park, and Almaden Valley.
Key Highlights
- 12,325 SF office building
- Common area flooring renovated in 2025
- Elegant glass door entries with Italian tile accent entry and tile walkways
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
$433,583
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
3.52%
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%
$8,671,660
$8.7M
Cap Rate 7%
$6,194,043
$6.2M
Cap Rate 9%
$4,817,589
$4.8M
Market Conditions
NOI Build-Up for 12,325 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
$690.7K $56.04/SF
− Vacancy
−$112.6K −$9.13/SF
EGI
$578.1K $46.91/SF
− OpEx
−$144.5K −$11.73/SF
NOI
$433.6K $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%
$8,671,660
Cap Rate 7%
$6,194,043
Cap Rate 9%
$4,817,589
Alternative Uses
Best Use
Office B
$6.19M
$5.42M – $7.23M
NOI $433,583 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.44M
$6.51M – $8.68M
NOI $521,041 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,605
Businesses Nearby
Explore this area
Business Placement
Demographics for 95124, CA
50,054
Population
18,143
Households
2.8
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
7,584
Density / Sq Mi
$188,433
Median Household Income
$90,422
Median Earnings
$2,936
Median Rent
$1,596,700
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
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Frequently Asked Questions
What type of property is this?
Office building - Professional office property with updated common areas, glass entry doors, monument signage, and public transit access.
Where is this office building located?
The property is located at 2242 Camden Ave San Jose, CA.
What is the asking price?
The asking price for this property is $12,325,000.
What are key features of this property?
This property features: 12,325 SF office building; Common area flooring renovated in 2025; Elegant glass door entries with Italian tile accent entry and tile walkways
