Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    San Jose Medical/Dental Building Title is generated by Realmo AI

    373 S Monroe St, San Jose, CA 95128

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully leased medical/dental building near Santana Row and Valley Fair.

    Type:Office
    Property size:
    11,035 SF
    Price / SF:
    $561/SF
    Added:
    Mar 10, 2026
    Days on Market:
    68
    Last Refresh:
    Mar 19 at 10:14 pm

    Property Features for 373 S Monroe St

    General Information

    Standard status
    Active
    Size
    11,035 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Steve Becerra
    Steve Becerra

    Listing agent Steve Becerra License #CA 00838722

    Listing office Oxbridge International Co.

    Listing date Mar 10, 2026

    Source Crexi

    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 Oxbridge International Co.

    HighLights

    • Fully leased medical/dental building, providing immediate income.
    • Prime location: half a block from Santana Row and across from Valley Fair Mall.
    • Excellent accessibility to major highways: 17, 880, and 280.
    • 11,035 square foot building with 11 suites designed for medical/dental use.
    • Stable mix of medical and dental tenants.
    • Well‑maintained condition.

    Overview

    This 11,035 square foot medical/dental building is located in San Jose, California. The property contains 11 suites designed for medical and dental use and is fully leased to a mix of medical and dental tenants. Situated half a block from Santana Row and directly across from Valley Fair Mall, the building offers visibility and access to highways 17, 880, and 280. The property's location near commercial and retail centers, along with its tenant mix, may present an investment opportunity.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $4.31M
    NOI $388,201 @ 9.00% cap · cautious / downside scenario
    Moderate
    $5.55M
    NOI $388,201 @ 7.00% cap · market / base-case scenario
    Aggressive
    $7.76M
    NOI $388,201 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $618.4k $56.04
    − Vacancy −$100.8k −$9.13
    EGI $517.6k $46.91
    − OpEx −$129.4k −$11.73
    NOI $388.2k $35.18
    11,035 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $5.55M
    $4.85M – $6.47M (±1% cap)
    NOI $388,201 @ 7.0% cap · market cap 6.26%
    Second Best
    Healthcare Medical
    $2.64M
    $2.31M – $3.08M (±1% cap)
    NOI $184,726 @ 7.0% cap · market cap 2.98%
    Theoretical Best
    Office A
    $6.66M
    $5.83M – $7.78M (±1% cap)
    NOI $466,506 @ 7.0% cap · market cap 7.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hana Family Dental Dental Office Oxbridge International Real Estate Agency Rashel's Skin Care Hair Salon Shilpa Raveendran Menon Dental Office Valley Fair Family ... Dental Office

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Pet Care Animal Hospital — 700 S Winchester Blvd #10, San Jose, CA 95128
    • Bascom Veterinarian Center — 511 S Bascom Ave, San Jose, CA 95128
    • ARCHVET Emergency Hospital — 824 N Winchester Blvd, San Jose, CA 95128
    • VetCTscan — 824 N Winchester Blvd, San Jose, CA 95128

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.9436485
    Latitude
    37.3217179

    Nearby Similar for Sale

    • $350,000
      4,838 SF

      Established Retail Dollar Store

      Well-established retail dollar store on high-visibility Alum Rock Ave.
      1972 Alum Rock AVE, SAN JOSE, CA 95116
      View Details
    • $520,000
      1,216 SF

      Versatile Commercial Condo in San Jose

      Flexible 1,216 sq ft condo in a prime San Jose location.
      2050 Concourse DR 56, SAN JOSE, CA 95131
      View Details
    • $849,999
      1,568 SF

      Move-in Ready San Jose Office Suite

      1,568 Sq Ft commercial office suite, ideal for medical/professional use.
      2114 Senter RD 6, SAN JOSE, CA 95112
      View Details
    • $848,000
      1,170 SF

      Evergreen San Jose Office Condo

      Versatile office condo in a thriving Silicon Valley location.
      1569 Lexann AVE 224, SAN JOSE, CA 95121
      View Details
    • $168,888
      1,100 SF

      Turn-Key Dental Office Opportunity

      Professionally built-out dental space in high-traffic San Jose location.
      1692 Tully RD 18, SAN JOSE, CA 95122
      View Details
    • $1,799,000
      1,832 SF

      San Jose Care Facility Opportunity

      Residential care home opportunity in a prime Cambrian location.
      1708 Hallmark LN, SAN JOSE, CA 95124
      View Details
    • $6,900,000
      17,036 SF

      San Jose Commercial Property Opportunity

      Commercial property near downtown San Jose, ideal for medical or school.
      480 N 1st ST, SAN JOSE, CA 95112
      View Details
    • $1,850,000
      2,552 SF

      Spacious Updated Duplex in San Jose

      Updated duplex with spacious yards near Santana Row and Valley Fair.
      3228 Neal AVE, SAN JOSE, CA 95117
      View Details
    • $1,948,000
      3,584 SF

      Well-Maintained San Jose Fourplex

      Fourplex in desirable rental corridor with significant upgrades.
      3691 Cape Cod CT, SAN JOSE, CA 95117
      View Details
    • $998,000
      1,282 SF

      San Jose Duplex Investment Opportunity

      Well-maintained duplex in San Jose with strong cash flow.
      3350-3352 Senter Rd, San Jose, CA 95111
      View Details
    • $1,850,000
      4,578 SF

      Rose Garden Fourplex Investment Opportunity

      Charming four-unit property in San Jose's desirable Rose Garden neighborhood.
      931 Vermont ST, SAN JOSE, CA 95126
      View Details
    • $1,899,000
      2,804 SF

      San Jose Fourplex Near Amenities

      Well-maintained fourplex near Valley Medical Center and Santana Row.
      590 Macarthur AVE, SAN JOSE, CA 95128
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Fully leased medical/dental building near Santana Row and Valley Fair.
    Where is this medical office space located?
    The property is located at 373 S Monroe St San Jose, CA.
    What is the asking price?
    The asking price for this property is $6,200,000.
    What are key features of this property?
    This property features: Fully leased medical/dental building, providing immediate income.; Prime location: half a block from Santana Row and across from Valley Fair Mall.; Excellent accessibility to major highways: 17, 880, and 280.
    (408) 891-6453 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Becerra
    Steve Becerra
    Real Estate License ID: CA 00838722
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    373 S Monroe St, San Jose, CA 95128
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!