San Jose Flex/Industrial
For Sale
Contact for pricing
460 Lano St, San Jose, CA
7,418 SF flex/industrial space with mezzanine and fenced yard.
Property Size7,418 SF
Lot Size0.30 Acres
Price / SF$320.03
Days on Market339
Property Features for 460 Lano St
General Information
Standard status
Active
Size
7,418 SF
Lot size
0.30 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | Silicon Valley
(408) 391-7423
Listed By:
Mark Zumudio, CCIM
(408) 391-7423
Source:
Moodyscre
Added: Sep 2, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:07AM
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 Colliers | Silicon Valley
Investment Insights
Based on property information with market context.
This property offers 7,418 square feet of usable space, including 6,232 square feet on the ground floor divided into three units, and an additional 1,186 square feet of mezzanine space. Office space accounts for approximately 15-20% of the total area. The building features a 16-foot clear height and three 10-foot wide by 14-foot high grade-level doors. It has a total of 800 Amps of power supplied to the building, with separately metered units. The property includes an area for secondary containment, along with 10 to 12 parking stalls and a small fenced yard in the rear. Infrastructure is in place to accommodate two 1-ton cranes. The owner has a current clean Phase 1 environmental assessment. The ground floor is divided into 3 units.
Key Highlights
- 7,418 SF total usable space with flexible configuration, occupy partial or entire building.
- High power capacity: 800 Amps total to the building with separately metered units.
- Infrastructure to accommodate two 1‑ton cranes.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$150,346
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,006,920
$3.0M
Cap Rate 7%
$2,147,800
$2.1M
Cap Rate 9%
$1,670,511
$1.7M
Market Conditions
NOI Build-Up for 7,418 SF
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.
Gross rent
$191.4K $25.80/SF
− Vacancy
−$14.5K −$1.96/SF
EGI
$176.9K $23.84/SF
− OpEx
−$26.5K −$3.58/SF
NOI
$150.3K $20.27/SF
Area
San Jose, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,006,920
Cap Rate 7%
$2,147,800
Cap Rate 9%
$1,670,511
Alternative Uses
Best Use
Warehouse
$2.15M
$1.88M – $2.51M
NOI $150,346 @ 7.0% cap · market cap 6.33%
Second Best
Flex RnD
$1.97M
$1.73M – $2.30M
NOI $138,112 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$4.48M
$3.92M – $5.23M
NOI $313,597 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,217
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- California Catering Cafe — 477 Orto St, San Jose, CA 95125
Frequently Asked Questions
What type of property is this?
Flex space - 7,418 SF flex/industrial space with mezzanine and fenced yard.
Where is this flex space located?
The property is located at 460 Lano St San Jose, CA.
What is the asking price?
The asking price for this property is $2,374,000.
What are key features of this property?
This property features: 7,418 SF total usable space with flexible configuration, occupy partial or entire building.; High power capacity: **800 Amps** total to the building with separately metered units.; Infrastructure to accommodate two 1‑ton cranes.
