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R&D Flex Space with Mezzanine
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254 E Gish Rd, San Jose, CA 95112

A partial two-story layout includes additional mezzanine area for storage and office use.

Property Size2,700 SF
Price / SF$462.96
Days on Market7

Property Features for 254 E Gish Rd

General Information

Standard status Active
Size 2,700 SF
Property subtype INDUSTRIAL

Building Details

Stories 2
Listing Agency: Kidder Mathews | Silicon Valley
Listed By: Derik Benson · License #1182654
Source: Moodyscre
Added: Oct 1 Changed: Oct 3 Last Checked: Oct 5 at 8:13PM

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 Kidder Mathews | Silicon Valley

Investment Insights

Based on property information with market context.

This 2,700-square-foot flex space offers an R&D configuration with a partial second story. Additional mezzanine area provides storage and office space beyond the stated building area.

Key Highlights

  • 2,700 square feet of flex space
  • Partial two‑story configuration
  • Additional mezzanine storage and office area not included in the 2,700 square feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$50,270
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,400 $1.0M
Cap Rate 7%
$718,143 $718.1K
Cap Rate 9%
$558,556 $558.6K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$86.5K $32.04/SF
− Vacancy
−$9.2K −$3.40/SF
EGI
$77.3K $28.64/SF
− OpEx
−$27.1K −$10.03/SF
NOI
$50.3K $18.62/SF
Area
San Jose, CA
Vacancy
10.60%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,400
Cap Rate 7%
$718,143
Cap Rate 9%
$558,556

Alternative Uses

Best Use
Flex RnD
$718.1K
$628.4K – $837.8K (±1% cap)
NOI $50,270 @ 7.0% cap · market cap 4.02%
Second Best
Industrial
$643.8K
$563.3K – $751.1K (±1% cap)
NOI $45,066 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M (±1% cap)
NOI $114,143 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Cardinal Health Business To Business Service

Suggested Use

Top Pick Dental Office Pharmacy Gym & Fitness Center Veterinary Clinic (Bike/Boat/Book/etc) Store Clothing & Fashion Store

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

Location Intelligence

Trade Area within ½ mile

1,824
Businesses Nearby
Well-served
Demand for This Use

Demographics for 95112, CA

60,754
Population
22,969
Households
2.6
Avg Household Size
33
Median Age
39%
College-Educated
82%
High-School Grad
7.3 sq mi
ZIP Area
8,322
Density / Sq Mi
$89,649
Median Household Income
$45,690
Median Earnings
$2,095
Median Rent
$956,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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
Rey
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Similar Off Market Nearby

  • LSG Sky Chefs Inc — 1355 Airport Blvd, San Jose, CA 95110
  • Athiti catering — 326 Commercial St, San Jose, CA 95112
  • Sugo — 326 Commercial St, San Jose, CA 95112
  • A HUEVO FOOD CREATIONS — 326 Commercial St, San Jose, CA 95112
  • Pangea Catering & Events — 326 Commercial St, San Jose, CA 95112

Frequently Asked Questions

What type of property is this?
Flex space - A partial two-story layout includes additional mezzanine area for storage and office use.
Where is this flex space located?
The property is located at 254 E Gish Rd 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: 2,700 square feet of flex space; Partial two‑story configuration; Additional mezzanine storage and office area not included in the 2,700 square feet
(408) 588-2332 Call to check price and availability
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