Medical Office Condo with Six Exam
340-200 Jose Figueres Ave, San Jose, CA 95116
For Sale
$799,000
Each exam room has a sink and instant hot water, supporting a clinical layout with dedicated physician office space.
Property Size1,675 SF
Price / SF$477.01
Days on Market11
Property Features for 340-200 Jose Figueres Ave
General Information
Standard status
Size
Financials
Asking Price
HOA Fee
Site & Location
Neighborhood
Highway Access
Additional Details
Condition
Property Use
Amenities
on-site security
Building Details
Year Built
Buildings
Stories
Tenancy
Parking Ratio
Listing Agency:
Remax Santa Clara Valley
(408) 993-8543
Listed By:
Harinder Garcha · License #02132413
(209) 202-6819
Source:
Exprealty
Added: Oct 28
Changed: Nov 4
Last Checked: Nov 6 at 1:43PM
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 Remax Santa Clara Valley
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Investment Insights
Based on property information with market context.
This medical office condominium includes six exam rooms, each equipped with a sink and instant hot water. The layout also has a reception and waiting area, a private physician’s office with its own entrance, and a second office with storage. Phone and Wi-Fi service are available in every room. The configuration is described as accommodating three or more physicians.
The suite is within a four-story medical building completed in 2007 on the San Jose Regional Medical Center campus. Building covenants allow medical and related uses, and on-site security is provided.
The suite is within a four-story medical building completed in 2007 on the San Jose Regional Medical Center campus. Building covenants allow medical and related uses, and on-site security is provided.
Key Highlights
- Six exam rooms, each with a sink and instant hot water
- Private physician’s office has a separate entrance
- Second office includes storage and East Foothills views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,925
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,500
$1.2M
Cap Rate 7%
$841,786
$841.8K
Cap Rate 9%
$654,722
$654.7K
Market Conditions
NOI Build-Up for 1,675 SF
Gross rent
$93.9K $56.04/SF
− Vacancy
−$15.3K −$9.13/SF
EGI
$78.6K $46.91/SF
− OpEx
−$19.6K −$11.73/SF
NOI
$58.9K $35.18/SF
Area
San Jose, 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%
$1,178,500
Cap Rate 7%
$841,786
Cap Rate 9%
$654,722
Alternative Uses
Best Use
Office B
$841.8K
$736.6K – $982.1K
NOI $58,925 @ 7.0% cap · market cap 7.37%
Second Best
Healthcare Medical
$400.6K
$350.5K – $467.3K
NOI $28,040 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$1.01M
$885.1K – $1.18M
NOI $70,811 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,886
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95116, CA
51,222
Population
13,987
Households
3.7
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
3.6 sq mi
ZIP Area
14,228
Density / Sq Mi
$83,428
Median Household Income
$41,992
Median Earnings
$2,049
Median Rent
$842,700
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in San Jose, CA
Properties on Market for Medical Office Space in San Jose
Vacancy Rate% for Office in San Jose, CA
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Each exam room has a sink and instant hot water, supporting a clinical layout with dedicated physician office space.
Where is this medical office space located?
The property is located at 340-200 Jose Figueres Ave San Jose, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Six exam rooms, each with a sink and instant hot water; Private physician’s office has a separate entrance; Second office includes storage and East Foothills views
