Remodeled First-Floor Office
For Sale
$1,488,000
2542 S Bascom Avenue, Campbell, CA 95008
The flexible interior combines private offices, meeting space, and open work areas.
Property Size2,412 SF
Price / SF$616.92
Days on Market203
Property Features for 2542 S Bascom Avenue
General Information
Standard status
Active
Size
2,412 SF
Property subtype
Commercial
Zoning
CP
Space & Availability
Floor
First Floor
Condition
Move-in Ready
Additional Details
Property Use
Office
Building Details
Building Size
2,412 SF
Year Built
1979
Buildings
1
Parking Ratio
3.69 per 1,000 SF
Listing Agency:
KW Bay Area Estates
Listed By:
Joel Calvillo · License #01733780
(408) 892-9158
Source:
Equityfirstre
Added: Apr 13
Changed: Oct 30
Last Checked: Oct 29 at 6:50PM
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
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Investment Insights
Based on property information with market context.
This 2,412-square-foot office condominium is on the first floor at 2542 S. Bascom Avenue in Campbell. Its floor plan includes a reception area, conference room, six private offices, a break room, and two open work areas with 14 workstations. The open areas can be reconfigured as additional private offices. The building was constructed in 1979, and the property is zoned CP.
The condominium is part of a 30,908-square-foot building with a parking ratio of 3.69 spaces per 1,000 square feet. The mix of enclosed rooms and shared work areas provides varied workspace configurations within the unit.
The condominium is part of a 30,908-square-foot building with a parking ratio of 3.69 spaces per 1,000 square feet. The mix of enclosed rooms and shared work areas provides varied workspace configurations within the unit.
Key Highlights
- 2,412‑square‑foot first‑floor office condominium
- Six private offices, a conference room, reception area, and break room
- Two open work areas with 14 workstations, convertible to private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,852
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
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
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 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 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,931 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The flexible interior combines private offices, meeting space, and open work areas.
Where is this office unit located?
The property is located at 2542 S Bascom Avenue Campbell, CA.
What is the asking price?
The asking price for this property is $1,488,000.
What are key features of this property?
This property features: 2,412‑square‑foot first‑floor office condominium; Six private offices, a conference room, reception area, and break room; Two open work areas with 14 workstations, convertible to private offices
