Medical Office Condo with Clinical
For Sale
$749,000
470-200 Jose Figueres Ave, San Jose, CA 95116
Includes dedicated reception, diagnostic rooms, and a private physician’s office for clinical operations.
Property Size1,356 SF
Price / SF$552.36
Days on Market14
Property Features for 470-200 Jose Figueres Ave
General Information
Standard status
Active
Size
1,356 SF
Site & Location
Neighborhood
Jose Figueres
Highway Access
Yes
Additional Details
HOA Fee
$1,140
Property Use
Medical Office
Listing Agency:
BRG Realty
(408) 558-3600
Listed By:
Gregg Bunker
(408) 781-1725
Source:
Exprealty
Added: Oct 22
Changed: Nov 3
Last Checked: Nov 3 at 2:59PM
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 BRG Realty
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Investment Insights
Based on property information with market context.
Suite 470 is a medical office condominium offering approximately 1,356 square feet. Its clinical configuration includes three exam rooms, two testing rooms, a pulmonary function testing room, a shot station, storage, and a separate physician’s office. The reception area has a registration counter and built-in cabinetry. Office windows bring in natural light and provide mountain views. The sale covers the real property in Suite 470 only; exam tables, lobby chairs, and the industrial-grade refrigerator are excluded.
The condominium is next to Regional Medical Center of San Jose. San Jose Pharmacy is located in the same building, and Walgreens is on McKee Road. Highway 101 and Interstate 680 are accessible nearby.
The condominium is next to Regional Medical Center of San Jose. San Jose Pharmacy is located in the same building, and Walgreens is on McKee Road. Highway 101 and Interstate 680 are accessible nearby.
Key Highlights
- Approximately 1,356 square feet in a medical office condominium
- Clinical layout with three exam rooms and two testing rooms
- Separate pulmonary function testing room and shot station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,703
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,060
$954.1K
Cap Rate 7%
$681,471
$681.5K
Cap Rate 9%
$530,033
$530.0K
Market Conditions
NOI Build-Up for 1,356 SF
Gross rent
$76.0K $56.04/SF
− Vacancy
−$12.4K −$9.13/SF
EGI
$63.6K $46.91/SF
− OpEx
−$15.9K −$11.73/SF
NOI
$47.7K $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%
$954,060
Cap Rate 7%
$681,471
Cap Rate 9%
$530,033
Alternative Uses
Best Use
Office B
$681.5K
$596.3K – $795.1K
NOI $47,703 @ 7.0% cap · market cap 6.37%
Second Best
Healthcare Medical
$324.3K
$283.7K – $378.3K
NOI $22,699 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$818.9K
$716.6K – $955.4K
NOI $57,325 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
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
Vacancy Rate% for Office in San Jose, CA
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Includes dedicated reception, diagnostic rooms, and a private physician’s office for clinical operations.
Where is this medical office space located?
The property is located at 470-200 Jose Figueres Ave San Jose, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Approximately 1,356 square feet in a medical office condominium; Clinical layout with three exam rooms and two testing rooms; Separate pulmonary function testing room and shot station
