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    Silicon Valley Office/R&D/Lab Space Title is generated by Realmo AI

    400 Holger Way, San Jose, CA 95134

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    Two-story, 76,410 SF office/R&D/lab space in Silicon Valley.

    Type:Office
    Property size:
    76,410 SF
    Added:
    Mar 25, 2026
    Days on Market:
    74
    Last Refresh:
    Mar 24 at 8:10 pm

    Property Features for 400 Holger Way

    General Information

    Standard status
    Active
    Size
    76,410 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Jerry Inguagiato

    Listing agent Jerry Inguagiato License #01213889

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

    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 Jerry Inguagiato

    HighLights

    • Extensive above‑market power upgrades with 6.7 MW on‑site, including transformers, switchgear totaling 8,000 amps of grid power, and a 1.3 MW Bloom fuel cell.
    • Approximately 36,000 SF of data center raised floor environment with abundant fiber, utility, back‑up power, cooling, fire protection, and security systems.
    • Located in the heart of Silicon Valley with premium exposure along HWY 237 and commuter‑friendly access.
    • Building owner has submitted application to PG&E for potential upgrade to 12‑20 MW of grid electricity.
    • Seismically upgraded with steel column construction and concrete floors.
    • Short walk to retail amenities and residential communities, offering a mixed‑use "Work – Live" environment.

    Overview

    This two-story, 76,410 SF Office/R&D/Lab building is located in the heart of Silicon Valley. It features approximately 36,000 SF of data center raised floor environment supported by abundant fiber, utility and back-up power systems, cooling, fire protection, and security systems. The building has had extensive above market power upgrades with 6.7 MW on-site fed by two 2,500 kVA transformers and two 4,000 amp switchgear totaling 8,000 amps of grid power, supplemented with an environmentally friendly 1.3 MW Bloom fuel cell co-generation plant. The building owner has submitted an application to PG&E with a Preliminary Engineering Study Plan Report outlining options, timing and cost to serve the building with 12 MW and up to 20 MW of grid electricity. The building is seismically upgraded with steel column construction, concrete floors, and a wrap-around glass line. It’s prominently located along HWY 237, providing premium exposure and commuter-friendly access for employees. The property is further enhanced by a short walk to a variety of retail amenities and residential communities for a mixed-use “Work – Live” balanced environment with high-performance infrastructure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Evoque Data Center ... Telecommunications Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.94307
    Latitude
    37.4184011

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    FAQs

    What type of property is this?
    Office building - Two-story, 76,410 SF office/R&D/lab space in Silicon Valley.
    Where is this office building located?
    The property is located at 400 Holger Way San Jose, CA.
    What are key features of this property?
    This property features: Extensive above‑market power upgrades with **6.7 MW on‑site**, including transformers, switchgear totaling 8,000 amps of grid power, and a 1.3 MW Bloom fuel cell.; Approximately **36,000 SF of data center raised floor environment** with abundant fiber, utility, back‑up power, cooling, fire protection, and security systems.; Located in the heart of Silicon Valley with premium exposure along HWY 237 and commuter‑friendly access.
    We can help!
    Listing Contact
    Jerry Inguagiato
    Real Estate License ID: 01213889
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    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.

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