Heavy Industrial Multi-Tenant
For Sale
Contact for pricing
519 Parrott Street, San Jose, CA 95112
Heavy Industrial zoned warehouse for owner occupancy with an in-place tenant lease through 2028.
Property Size20,327 SF
Price / SF$295.17
Days on Market137
Property Features for 519 Parrott Street
General Information
Standard status
Active
Size
20,327 SF
Class
C
Property subtype
Industrial
Zoning
HI
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1999
Tenancy
Multi
Listing Agency:
ABC Commercial Realty
Listed By:
Richard Chang · License #01270736
(510) 333-6198
Source:
Crexi
Added: Jun 9
Changed: Oct 1
Last Checked: Oct 20 at 6:28PM
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 ABC Commercial Realty
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Investment Insights
Based on property information with market context.
519-525 Parrott Street is a multi-tenant industrial property totaling approximately 20,327 square feet, zoned Heavy Industrial (HI). The building is currently configured as three units: Unit 521 (7,632 SF), Unit 525 (10,159 SF), and Unit 519 (2,536 SF). Unit 521 is leased to an established tenant with a lease expiration of June 30, 2028, providing immediate rental income. Unit 525 is available for owner occupancy by July 1, 2026 and offers a large, high-clearance warehouse footprint suited to a range of industrial and related business uses. Unit 519 is currently available and can support warehouse, office, storage, or light manufacturing needs depending on the user’s requirements.
The property is located in San Jose’s established industrial market and is described as having convenient access to major transportation corridors, including Highways 87, 101, 280, and Interstate 880. This connectivity supports logistics- and operations-oriented businesses that need practical regional access.
For owner-users and investors, the mix of occupied and available space provides flexibility. A buyer can potentially occupy the available units while collecting rent from Unit 521 through mid-2028, which may help offset ownership and operating costs while establishing operations on-site. The Heavy Industrial zoning supports industrial, manufacturing, warehouse, distribution, contractor, and related uses.
The property is located in San Jose’s established industrial market and is described as having convenient access to major transportation corridors, including Highways 87, 101, 280, and Interstate 880. This connectivity supports logistics- and operations-oriented businesses that need practical regional access.
For owner-users and investors, the mix of occupied and available space provides flexibility. A buyer can potentially occupy the available units while collecting rent from Unit 521 through mid-2028, which may help offset ownership and operating costs while establishing operations on-site. The Heavy Industrial zoning supports industrial, manufacturing, warehouse, distribution, contractor, and related uses.
Key Highlights
- Total 20,327 SF multi‑tenant industrial building in San Jose, built in 1999
- Heavy Industrial (HI) zoning for industrial, manufacturing, warehouse, distribution, contractor, and related uses
- Unit 521: 7,632 SF leased with lease expiration June 30, 2028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$411,982
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,239,640
$8.2M
Cap Rate 7%
$5,885,457
$5.9M
Cap Rate 9%
$4,577,578
$4.6M
Market Conditions
NOI Build-Up for 20,327 SF
Gross rent
$524.4K $25.80/SF
− Vacancy
−$39.8K −$1.96/SF
EGI
$484.7K $23.84/SF
− OpEx
−$72.7K −$3.58/SF
NOI
$412.0K $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 Rate 5%
$8,239,640
Cap Rate 7%
$5,885,457
Cap Rate 9%
$4,577,578
Alternative Uses
Best Use
Warehouse
$5.89M
$5.15M – $6.87M
NOI $411,982 @ 7.0% cap · market cap 6.87%
Second Best
Industrial
$4.85M
$4.24M – $5.65M
NOI $339,279 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$12.28M
$10.74M – $14.32M
NOI $859,327 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95112, CA
60,754
Population
22,969
Households
2.6
Avg Household Size
33
Median Age
39%
College-Educated
82%
High-School Grad
7.3 sq mi
ZIP Area
8,322
Density / Sq Mi
$89,649
Median Household Income
$45,690
Median Earnings
$2,095
Median Rent
$956,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Heavy Industrial zoned warehouse for owner occupancy with an in-place tenant lease through 2028.
Where is this warehouse located?
The property is located at 519 Parrott Street San Jose, CA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Total 20,327 SF multi‑tenant industrial building in San Jose, built in 1999; Heavy Industrial (HI) zoning for industrial, manufacturing, warehouse, distribution, contractor, and related uses; Unit 521: 7,632 SF leased with lease expiration June 30, 2028
