2261 Fortune Dr, San Jose, CA 95131

Listing Agency: Colliers | Silicon Valley Show Phone

Listed By: Michael Rosendin, SIOR, CCIM Show Phone

Source: Moodyscre

Added: Aug 4 Changed: Oct 25 Last Checked: Nov 8 at 8:12AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,365-square-foot industrial condominium is configured for flexible commercial use and includes one 10' x 12' grade-level door. The property also benefits from an amenity area immediately beside the unit.

Located at 2261 Fortune Dr in North San Jose, the property offers an industrial setting within the San Jose, CA 95131 market.

Key Highlights

• 2,365‑square‑foot industrial condominium
• One 10' x 12' grade‑level door
• Amenity area directly adjacent to the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,933

Cap Rate

3.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$958,660 $958.7K

Cap Rate 7%

$684,757 $684.8K

Cap Rate 9%

$532,589 $532.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,365 SF

Gross rent

$61.0K $25.80/SF

− Vacancy

−$4.6K −$1.96/SF

EGI

$56.4K $23.84/SF

− OpEx

−$8.5K −$3.58/SF

NOI

$47.9K $20.27/SF

Area

San Jose, CA

Vacancy

7.58%

Lease Rate

$25.80 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$958,660

Cap Rate 7%

$684,757

Cap Rate 9%

$532,589

Alternative Uses

Best Use

Warehouse

$684.8K

$599.2K – $798.9K (±1% cap)

NOI $47,933 @ 7.0% cap · market cap 3.83%

Second Best

Flex RnD

$629.0K

$550.4K – $733.9K (±1% cap)

NOI $44,033 @ 7.0% cap · market cap 3.52%

Theoretical Best

Office A

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $99,981 @ 7.0% cap · market cap 8.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Nodesus Inc. Industrial Manufacturer Radiation Power Systems ... Electronics & Wireless Store Deep Ocean Engineering ... Industrial Manufacturer HBR Industries Industrial Manufacturer

Suggested Use

Top Pick Restaurant Law Firm Real Estate Agency Auto Parts Store Pharmacy Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

1,394

Businesses Nearby

Under-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

Market

Average Price Trend$/SF for Flex space in San Jose, CA

$471 Jul

$481 Aug

$481 Sep

$535 Oct

Properties on Market for Flex space in San Jose

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial condominium with a dedicated grade-level loading door and adjacent amenity area.

Where is this flex space located?

The property is located at 2261 Fortune Dr San Jose, CA.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: 2,365‑square‑foot industrial condominium; One 10' x 12' grade‑level door; Amenity area directly adjacent to the property