Heavy Industrial Multi-Tenant
519 Parrott Street San Jose, CA 95112
519 Parrott Street, San Jose, CA, 95112
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For Sale
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Heavy Industrial zoned warehouse for owner occupancy with an in-place tenant lease through 2028.
Property Size20,327 SF
Price / SF$319.77
Days on Market39
Property Features for 519 Parrott Street
General Information
- Standard status
- Active
- Size
- 20,327 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1999
Listing Agency
ABC Commercial Realty
Listed by
Richard Chang · License #01270736
Source
Crexi
Added: Jun 9 Checked: Jul 15 at 9:43 pm
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
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
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $524.4k | $25.80 |
| − Vacancy | −$39.8k | −$1.96 |
| EGI | $484.7k | $23.84 |
| − OpEx | −$72.7k | −$3.58 |
| NOI | $412.0k | $20.27 |
20,327 SF · lease $25.80/SF/yr · vacancy 7.58% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.89M
$5.15M – $6.87M
NOI $411,982 @ 7.0% cap · market cap 6.34%
Second Best
Industrial
$4.85M
$4.24M – $5.65M
NOI $339,279 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$12.28M
$10.74M – $14.32M
NOI $859,327 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
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 $6,500,000.
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
