Remodeled Office Condo in
For Sale
$1,550,000
2542 Bascom Avenue #130, Campbell, CA 95008
Turnkey office condo with a functional layout in Campbell.
Property Size2,412 SF
Price / SF$642.62
Days on Market120
Property Features for 2542 Bascom Avenue #130
General Information
Standard status
Active
Size
2,412 SF
Property subtype
Commercial
Amenities
Central air
Carpet Flooring
Central Air Cooling
Central Forced Air Heating
Elevator/Lift
Flat/Low Pitch Roof
Parking Area
Wide Halls / Doors (3 Ft +)
Building Details
Year Built
1979
Listing Agency:
KW BAY AREA ESTATES
(408) 560-9000
Listed By:
JOEL CALVILLO · License #01733780
Source:
Corcoran
Added: Apr 14
Changed: Aug 8
Last Checked: Aug 8 at 2:59PM
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 KW BAY AREA ESTATES
Investment Insights
Based on property information with market context.
This is a fully remodeled, turnkey office condo located on the first floor at 2542 S. Bascom Avenue in Campbell. The unit offers approximately 2,412 square feet and features a functional layout that includes a reception area, a conference room, six private offices, a break room, and two open work areas equipped with 14 workstations. These workstations can be converted into additional private offices. The property is situated within a building of approximately 30,908 square feet, which provides a parking ratio of 3.69 spaces per 1,000 square feet. This ample parking is suitable for both staff and clients. The layout is suited for law firms, therapy and counseling practices, mortgage and financial services, medical and wellness offices, insurance agencies, sales teams, regional offices, tech startups, and privately owned companies seeking a flexible mix of private offices and collaborative workspace. This property presents an opportunity to own a move-in ready office space in a prime location.
Key Highlights
- Turnkey, fully remodeled ±2,412 SF first‑floor office condo.
- Prime Campbell location at 2542 S. Bascom Avenue.
- Highly functional layout with reception, conference room, six private offices, break room, and two open work areas.
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
$84,852
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
5.47%
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%
$1,697,040
$1.7M
Cap Rate 7%
$1,212,171
$1.2M
Cap Rate 9%
$942,800
$942.8K
Market Conditions
NOI Build-Up for 2,412 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
$135.2K $56.04/SF
− Vacancy
−$22.0K −$9.13/SF
EGI
$113.1K $46.91/SF
− OpEx
−$28.3K −$11.73/SF
NOI
$84.9K $35.18/SF
Area
Santa Clara County, 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%
$1,697,040
Cap Rate 7%
$1,212,171
Cap Rate 9%
$942,800
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,852 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,931 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,173
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Turnkey office condo with a functional layout in Campbell.
Where is this office units located?
The property is located at 2542 Bascom Avenue #130 Campbell, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Turnkey, fully remodeled ±2,412 SF first‑floor office condo.; Prime Campbell location at 2542 S. Bascom Avenue.; Highly functional layout with reception, conference room, six private offices, break room, and two open work areas.
