Third-Floor Medical Office Condominium

304-2039 Forest Ave, San Jose, CA 95128

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For Sale

$749,000

Third-floor medical/professional suite with reception, offices, four plumbed exam rooms, and a restroom near O'Connor Hospital.

Property size:

1,600 SF

Price / SF:

$468/SF

HighLights

Approximately 1,600 SF medical/professional office condo suite on the third floor
Front reception with waiting area
Includes two offices
Four plumbed exam rooms plus a restroom
Located on Forest Avenue within walking distance to O'Connor Hospital
Easy access to Hwy 280, 880, Santana Row, and Valley Fair

We can help!

Contact an agent

Chris Shaheen

Learn more

For Sale

$749,000

Third-floor medical/professional suite with reception, offices, four plumbed exam rooms, and a restroom near O'Connor Hospital.

Property size:

1,600 SF

Price / SF:

$468/SF

Added:: Feb 25, 2026
Days on Market:: 133
Last Refresh:: Jul 8 at 2:35 am

Property Features for 304-2039 Forest Ave

General Information

Standard status: Active
Size: 1,600 SF

We can help!

Contact an agent

Chris Shaheen

Listing office Coldwell Banker Realty

Listing date Feb 25, 2026

Source Exprealty

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 Coldwell Banker Realty

HighLights

Approximately 1,600 SF medical/professional office condo suite on the third floor
Front reception with waiting area
Includes two offices
Four plumbed exam rooms plus a restroom
Located on Forest Avenue within walking distance to O'Connor Hospital
Easy access to Hwy 280, 880, Santana Row, and Valley Fair

Overview

This offering is an approximately 1,600 square foot medical/professional office condominium located on the third floor. The suite includes a front reception area with a waiting area, two offices, four plumbed exam rooms, and a restroom. The layout is designed to support patient-facing flow while also providing dedicated office space.

Situated on Forest Avenue, the property is described as being within walking distance to O'Connor Hospital. The remarks also note easy access to Highways 280 and 880, as well as Santana Row and Valley Fair, supporting convenient regional connectivity.

For medical and professional users, the built-in configuration is particularly well-suited to practices that require multiple exam rooms and a reception/waiting setup. This condominium format also provides an ownership path for a practice or related professional group seeking a dedicated third-floor suite in a convenient, healthcare-oriented setting.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$89.7k	$56.04
− Vacancy	−$14.6k	−$9.13
EGI	$75.0k	$46.91
− OpEx	−$18.8k	−$11.73
NOI	$56.3k	$35.18

1,600 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$804.1K

$703.6K – $938.1K (±1% cap)

NOI $56,287 @ 7.0% cap · market cap 7.51%

Second Best

Healthcare Medical

$382.6K

$334.8K – $446.4K (±1% cap)

NOI $26,784 @ 7.0% cap · market cap 3.58%

Theoretical Best

Office A

$966.3K

$845.5K – $1.13M (±1% cap)

NOI $67,640 @ 7.0% cap · market cap 9.03%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Similar Places Nearby

Burbank Pet Hospital — 1819 W San Carlos St, San Jose, CA 95128
Bascom Veterinarian Center — 511 S Bascom Ave, San Jose, CA 95128
Leticia Alvarado - Burbank Pet Hospital — 1819 W San Carlos St, San Jose, CA 95128
Girish Kumar - Burbank Pet Hospital — 1819 W San Carlos St, San Jose, CA 95128
Michelle Fluegge - Burbank Pet Hospital — 1819 W San Carlos St, San Jose, CA 95128

Location Insight

Map
Local Demand

City: San Jose
County: Santa Clara
State: California
Longitude: -121.92704
Latitude: 37.326813

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For sale
Medical Office Space
CA
San Jose
95128
304-2039 Forest Ave

What type of property is this?

Medical Office Space - Third-floor medical/professional suite with reception, offices, four plumbed exam rooms, and a restroom near O'Connor Hospital.

Where is this medical office space located?

The property is located at 304-2039 Forest Ave San Jose, CA.

What is the asking price?

The asking price for this property is $749,000.

What are key features of this property?

This property features: Approximately 1,600 SF medical/professional office condo suite on the third floor; Front reception with waiting area; Includes two offices