Flex Condominium with Roll-Up
New
For Sale
$529,000
2485 Autumnvale Drive #F, San Jose, CA 95131
Functional commercial condominium with office areas, HVAC, and direct loading access for varied business operations.
Property Size1,110 SF
Price / SF$476.58
Days on Market3
Property Features for 2485 Autumnvale Drive #F
General Information
Standard status
Active
Size
1,110 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Furnished
Yes
Clear Height
16 ft
Amenities
Central air
Attached Garage
Assigned Spaces
Central Air Cooling
Gas Central Forced Air Heat Heating
Tile Roof
Wheelchair Access
Building Details
Year Built
1979
Listing Agency:
INTERO REAL ESTATE SERVICES
(650) 931-8300
Listed By:
HUGO DE HOYOS · License #01153534
(650) 281-9585
Source:
Corcoran
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 9:05PM
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 1,110-square-foot flex condominium offers a practical combination of office and work areas within a well-maintained commercial unit. The interior includes an entrance lobby with an open work area, two desks, a break room, private office space, and a restroom. HVAC serves the property throughout, while a 10' × 10' roll-up door and approximately 16' of clear height support flexible use of the space.
The property is located in North San Jose near I-880 and I-680. BART and the Great Mall are within walking distance, adding transit and retail access to the surrounding setting. Built in 1979, the unit provides a compact commercial footprint with both office functionality and ground-level loading capability.
The property is located in North San Jose near I-880 and I-680. BART and the Great Mall are within walking distance, adding transit and retail access to the surrounding setting. Built in 1979, the unit provides a compact commercial footprint with both office functionality and ground-level loading capability.
Key Highlights
- 1,110‑square‑foot flex condominium in North San Jose
- 10' × 10' roll‑up door for loading access
- Approximately 16' clear height
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
$39,049
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
7.38%
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%
$780,980
$781.0K
Cap Rate 7%
$557,843
$557.8K
Cap Rate 9%
$433,878
$433.9K
Market Conditions
NOI Build-Up for 1,110 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
$62.2K $56.04/SF
− Vacancy
−$10.1K −$9.13/SF
EGI
$52.1K $46.91/SF
− OpEx
−$13.0K −$11.73/SF
NOI
$39.0K $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%
$780,980
Cap Rate 7%
$557,843
Cap Rate 9%
$433,878
Alternative Uses
Best Use
Office B
$557.8K
$488.1K – $650.8K
NOI $39,049 @ 7.0% cap · market cap 7.38%
Second Best
Flex RnD
$295.2K
$258.3K – $344.4K
NOI $20,666 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$670.4K
$586.6K – $782.1K
NOI $46,925 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
997
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
Vacancy Rate% for Office in San Jose, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Functional commercial condominium with office areas, HVAC, and direct loading access for varied business operations.
Where is this flex space located?
The property is located at 2485 Autumnvale Drive #F San Jose, CA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 1,110‑square‑foot flex condominium in North San Jose; 10' × 10' roll‑up door for loading access; Approximately 16' clear height
