Flex Space with Grade-Level
For Sale
Contact for pricing
365 Reed ST, Santa Clara, CA 95050
The premises combine warehouse space, existing offices, restrooms, and separately metered utilities.
Property Size24,145 SF
Price / SF$0.00
Days on Market130
Property Features for 365 Reed ST
General Information
Standard status
Active
Size
24,145 SF
Total Parking Spaces
20
Site & Location
Neighborhood
Newhall
Utilities to Site
Yes
Amenities
warehouse / industrial layout with existing office buildout
large roll-up / grade-level garage door
built-out office area with multiple private rooms/offices already in place
existing restrooms within the available premises
Building Details
Year Built
1969
Building Size
24,145 SF
Listing Agency:
Realty World Dominion
(408) 980-5202
Listed By:
Gene Au · License #01908058
(510) 852-9898
Source:
Giuffreproperties
Added: Jun 25
Changed: Nov 1
Last Checked: Oct 31 at 9:07PM
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 Realty World Dominion
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The available flex space totals approximately 7,216 SF within a 24,145 SF industrial building. Its estimated 4,831 SF warehouse area is paired with approximately 2,385 SF of office and support space, including multiple private offices and restrooms. A grade-level roll-up door provides access to the warehouse, and the premises have approximately 20 parking spaces.
Electricity and water are separately metered, and utility service is separated. The property uses Santa Clara municipal electric service, with existing electrical service references to 12,000 volts, heavy power capacity, and a large gas service. Built in 1969, the space offers a combination of warehouse, office, and support areas.
Electricity and water are separately metered, and utility service is separated. The property uses Santa Clara municipal electric service, with existing electrical service references to 12,000 volts, heavy power capacity, and a large gas service. Built in 1969, the space offers a combination of warehouse, office, and support areas.
Key Highlights
- Approximately 7,216 SF available in a 24,145 SF industrial building
- Estimated 4,831 SF warehouse area and 2,385 SF office/support area
- Existing electrical service references 12,000 volts, with heavy power capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$402,840
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,056,800
$8.1M
Cap Rate 7%
$5,754,857
$5.8M
Cap Rate 9%
$4,476,000
$4.5M
Market Conditions
NOI Build-Up for 24,145 SF
Gross rent
$666.4K $27.60/SF
− Vacancy
−$46.6K −$1.93/SF
EGI
$619.8K $25.67/SF
− OpEx
−$216.9K −$8.98/SF
NOI
$402.8K $16.68/SF
Area
Santa Clara, CA
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,056,800
Cap Rate 7%
$5,754,857
Cap Rate 9%
$4,476,000
Alternative Uses
Best Use
Warehouse
$6.99M
$6.12M – $8.16M
NOI $489,364 @ 7.0% cap · market cap 1,631,213.33%
Second Best
Industrial
$5.76M
$5.04M – $6.72M
NOI $403,005 @ 7.0% cap · market cap 1,343,350.00%
Theoretical Best
Office A
$14.58M
$12.75M – $17.01M
NOI $1,020,369 @ 7.0% cap · market cap 3,401,230.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,185
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95050, CA
39,031
Population
16,674
Households
2.3
Avg Household Size
35
Median Age
54%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
7,097
Density / Sq Mi
$130,051
Median Household Income
$73,578
Median Earnings
$2,522
Median Rent
$1,420,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Greenfish Catering — 1996 lafayette st, santa clara, ca 95050
- KATSUYAKI - Santa Clara — 1992 Lafayette St, Santa Clara, CA 95050
- Curried Away Catering — 1477 Plymouth St c, Mountain View, CA 94043
- Bay Area Catering & Events — 1725 De La Cruz Blvd # 100, Santa Clara, CA 95050
- Oaxacan Kitchen Mobile — 2234 Lafayette St, Santa Clara, CA 95050
Frequently Asked Questions
What type of property is this?
Flex space - The premises combine warehouse space, existing offices, restrooms, and separately metered utilities.
Where is this flex space located?
The property is located at 365 Reed ST Santa Clara, CA.
What are key features of this property?
This property features: Approximately 7,216 SF available in a 24,145 SF industrial building; Estimated 4,831 SF warehouse area and 2,385 SF office/support area; Existing electrical service references 12,000 volts, with heavy power capacity
