Remodeled First-Floor Office
For Sale
$1,550,000
2542 S Bascom AVE 130, Campbell, CA 95008
Commercial/Industrial, CAMPBELL, CA
Property Size30,908 SF
Lot Size0.09 Acres
Price / SF$642.62
Days on Market44
Property Features for 2542 S Bascom AVE 130
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CP
Subdivision
Willow Glen
Standard status
Active
Lot size
0.09 Acres
Utilities
Heating system
Forced Air, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Flooring type
Carpet
Roof type
Flat
Listing Agency:
KW Bay Area Estates · Keller Williams Realty
(408) 560-9000
Listed By:
Joel Calvillo · License #01733780
(408) 892-9158
Added: Jul 17
Changed: Aug 20
Last Checked: Aug 29 at 7:06AM
MLS# ML82042666
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This first-floor office condominium at 2542 S. Bascom Avenue includes approximately 2,412 SF arranged with a reception area, conference room, six private offices, a break room, and two open work areas. The 14 work stations can be reconfigured into additional private offices, supporting a range of professional office formats. Carpet flooring, forced-air and central heating, central air conditioning, and a flat roof are among the property features. The office was built in 1979 and has been fully remodeled.
The unit is within an approximately 30,908 SF building with a parking ratio of 3.69/1,000 SF. Public water serves the property, and the zoning designation is CP. Its configuration is suited to office users such as law firms, counseling practices, financial services businesses, insurance agencies, sales teams, regional offices, and technology companies.
The unit is within an approximately 30,908 SF building with a parking ratio of 3.69/1,000 SF. Public water serves the property, and the zoning designation is CP. Its configuration is suited to office users such as law firms, counseling practices, financial services businesses, insurance agencies, sales teams, regional offices, and technology companies.
Key Highlights
- Approximately 2,412 SF first‑floor office condominium
- Reception area, conference room, six private offices, break room, and two open work areas
- 14 work stations that can be converted into additional private offices
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
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office condominium with private rooms, collaborative areas, and a polished layout for professional business operations.
Where is this office units located?
The property is located at 2542 S Bascom AVE 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: Approximately 2,412 SF first‑floor office condominium; Reception area, conference room, six private offices, break room, and two open work areas; 14 work stations that can be converted into additional private offices
