Multi-Tenant Office Building Near Light
New
For Sale
$2,975,000
2470 S Winchester Boulevard, Campbell, CA 95008
Fully leased office property with five tenants and transit-oriented redevelopment parameters.
Property Size6,986 SF
Lot Size0.62 Acres
Price / SF$425.85
Days on Market3
Property Features for 2470 S Winchester Boulevard
General Information
Standard status
Active
Size
6,986 SF
Lot size
0.62 Acres
Property subtype
Commercial/Industrial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Land Use
commercial, mixed-use, residential
Building Details
Year Built
1980
Buildings
1
Tenancy
Multi
Listing Agency:
Richard G. Matusich & Assoc., Inc.
(408) 531-5542
Listed By:
Robbie Matusich · License #01449407
(408) 531-5542
Source:
Exitrealty
Added: Aug 1
Changed: Aug 3
Last Checked: Aug 3 at 2:35AM
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 Richard G. Matusich & Assoc., Inc.
Investment Insights
Based on property information with market context.
This 6,986 SF office building, constructed in 1980, occupies an approximately 0.62-acre site and is leased to five tenants. Existing leases and options are scheduled to expire within the next 5 years, providing a defined timeline for future repositioning or redevelopment review.
The property is less than 1/4 mile from a VTA light rail stop on the Green Line and is designated as a Tier 2 site. Under the stated redevelopment parameters, the site may support a mixed-use project up to 65 feet in height, with a minimum 3.0 residential floor area ratio and potential density of 100 dwelling units per acre. It has also been identified by the City as a Housing Opportunity Site in its 2023 Housing Element update. The property is approximately 1/2 mile from the Highway-17 and San Tomas Expressway interchange and offers access to employment centers in central San Jose, Los Gatos, Santa Clara, and Cupertino.
The property is less than 1/4 mile from a VTA light rail stop on the Green Line and is designated as a Tier 2 site. Under the stated redevelopment parameters, the site may support a mixed-use project up to 65 feet in height, with a minimum 3.0 residential floor area ratio and potential density of 100 dwelling units per acre. It has also been identified by the City as a Housing Opportunity Site in its 2023 Housing Element update. The property is approximately 1/2 mile from the Highway-17 and San Tomas Expressway interchange and offers access to employment centers in central San Jose, Los Gatos, Santa Clara, and Cupertino.
Key Highlights
- Approximately 0.62‑acre site improved with a 6,986 SF multi‑tenant office building
- 100% leased to 5 tenants; leases or options expire within the next 5 years
- Less than 1/4 mile from Winchester Station on the VTA Green Line
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $391.5k | $56.04 |
| − Vacancy | −$63.8k | −$9.13 |
| EGI | $327.7k | $46.91 |
| − OpEx | −$81.9k | −$11.73 |
| NOI | $245.8k | $35.18 |
6,986 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.51M
$3.07M – $4.10M
NOI $245,761 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,229 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,495
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?
Office building - Fully leased office property with five tenants and transit-oriented redevelopment parameters.
Where is this office building located?
The property is located at 2470 S Winchester Boulevard Campbell, CA.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Approximately 0.62‑acre site improved with a 6,986 SF multi‑tenant office building; 100% leased to 5 tenants; leases or options expire within the next 5 years; Less than 1/4 mile from Winchester Station on the VTA Green Line
