San Jose Warehouse with
For Sale
$2,575,000
50 Umbarger Road, San Jose, CA 95111
Tenant-occupied warehouse with a fenced lot and large yard.
Property Size12,320 SF
Price / SF$209.01
Days on Market422
Property Features for 50 Umbarger Road
General Information
Standard status
Active
Size
12,320 SF
Property subtype
Commercial
Amenities
Central air
Metal Roof
Concrete Flooring
Off Street Parking
On Street
Parking Area
Wall Furnace Heating
Window/Wall Unit Cooling
Building Details
Year Built
1963
Listing Agency:
ALTOS REALTY ADVISORS, INC.
(408) 720-0920
Listed By:
JUSTIN ACCOLA · License #02038863
Source:
Corcoran
Added: Jun 19, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:42AM
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 ALTOS REALTY ADVISORS, INC.
Investment Insights
Based on property information with market context.
This property is a tenant-occupied warehouse with single tenancy, presenting an investment opportunity. It features a fenced lot and a large yard. The property is located approximately 13 minutes from Downtown San Jose, with proximity to E Capitol Expressway and Highway 101. The property size is 12320 square feet.
Key Highlights
- Excellent investment opportunity with tenant in place
- Close proximity to E Capitol Expressway and Hwy 101
- Conveniently located 13 minutes from Downtown San Jose
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
$205,144
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
7.97%
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%
$4,102,880
$4.1M
Cap Rate 7%
$2,930,629
$2.9M
Cap Rate 9%
$2,279,378
$2.3M
Market Conditions
NOI Build-Up for 12,320 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
$317.9K $25.80/SF
− Vacancy
−$24.8K −$2.01/SF
EGI
$293.1K $23.79/SF
− OpEx
−$87.9K −$7.14/SF
NOI
$205.1K $16.65/SF
Area
ZIP 95111
Vacancy
7.80%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$4,102,880
Cap Rate 7%
$2,930,629
Cap Rate 9%
$2,279,378
Alternative Uses
Best Use
Warehouse
$3.56M
$3.11M – $4.15M
NOI $249,104 @ 7.0% cap · market cap 9.67%
Second Best
Industrial
$2.93M
$2.56M – $3.42M
NOI $205,144 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$7.40M
$6.47M – $8.63M
NOI $517,737 @ 7.0% cap · market cap 20.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95111, CA
60,593
Population
16,303
Households
3.7
Avg Household Size
36
Median Age
20%
College-Educated
72%
High-School Grad
5.8 sq mi
ZIP Area
10,447
Density / Sq Mi
$97,162
Median Household Income
$43,577
Median Earnings
$1,954
Median Rent
$826,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Tenant-occupied warehouse with a fenced lot and large yard.
Where is this warehouse located?
The property is located at 50 Umbarger Road San Jose, CA.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: Excellent investment opportunity with tenant in place; Close proximity to E Capitol Expressway and Hwy 101; Conveniently located 13 minutes from Downtown San Jose
