Residential Income Property with
For Sale
$350,000
541-541 Weatherly Dr, San Jose, CA 95134
Maintained home with owned solar, updated interiors, and extensive outdoor entertaining improvements near community amenities.
Property Size1,248 SF
Price / SF$280.45
Days on Market11
Property Features for 541-541 Weatherly Dr
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Manufactured In Park
Listing Agency:
KW Silicon City
(408) 755-5972
Listed By:
Sunny Mach · License #02189276
(408) 381-8080
Source:
Exprealty
Added: Sep 14
Changed: Sep 23
Last Checked: Sep 22 at 9:21PM
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 KW Silicon City
Investment Insights
Based on property information with market context.
Built in 2011, this three-bedroom, two-bath home offers approximately 1,242 square feet of living space with LVP flooring, painted interiors, ceiling fan, and naturally bright living areas. The kitchen includes stainless-steel appliances, while the remodeled guest bathroom has an updated vanity, flooring, and lighting. A two-stage whole-house water filtration system, one-year-old water heater, earthquake bracing, security cameras, and an owned solar system installed in 2016 add to the property’s features.
Located at the end of a cul-de-sac in the Lamplighter community, the home is within walking distance of the clubhouse, pool, and guest parking. Exterior improvements include a permitted driveway extension with parking for approximately four vehicles and a permitted paver patio with a covered entertaining area, outdoor sink and counter, grill, gas patio heater, sauna, projector, TV, newer patio furniture, and seven storage sheds. The property is near major tech campuses, Levi’s Stadium, Rivermark, VTA Light Rail, and Highways 101, 237, and 880.
Located at the end of a cul-de-sac in the Lamplighter community, the home is within walking distance of the clubhouse, pool, and guest parking. Exterior improvements include a permitted driveway extension with parking for approximately four vehicles and a permitted paver patio with a covered entertaining area, outdoor sink and counter, grill, gas patio heater, sauna, projector, TV, newer patio furniture, and seven storage sheds. The property is near major tech campuses, Levi’s Stadium, Rivermark, VTA Light Rail, and Highways 101, 237, and 880.
Key Highlights
- 2011‑built home with 3 bedrooms, 2 full bathrooms, and approximately 1,242 sq. ft.
- Owned solar system installed in 2016, plus earthquake bracing and security cameras
- Permitted driveway extension with parking for approximately four vehicles
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
$25,958
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
7.42%
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%
$519,160
$519.2K
Cap Rate 7%
$370,829
$370.8K
Cap Rate 9%
$288,422
$288.4K
Market Conditions
NOI Build-Up for 1,248 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
$49.4K $39.60/SF
− Vacancy
−$2.2K −$1.78/SF
EGI
$47.2K $37.82/SF
− OpEx
−$21.2K −$17.02/SF
NOI
$26.0K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
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%
$519,160
Cap Rate 7%
$370,829
Cap Rate 9%
$288,422
Alternative Uses
Best Use
Apartment 5plus
$370.8K
$324.5K – $432.6K
NOI $25,958 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$753.7K
$659.5K – $879.3K
NOI $52,759 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 95134, CA
29,746
Population
14,688
Households
2
Avg Household Size
32
Median Age
77%
College-Educated
97%
High-School Grad
10.8 sq mi
ZIP Area
2,754
Density / Sq Mi
$196,847
Median Household Income
$125,284
Median Earnings
$3,272
Median Rent
$371,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Maintained home with owned solar, updated interiors, and extensive outdoor entertaining improvements near community amenities.
Where is this residential income property located?
The property is located at 541-541 Weatherly Dr San Jose, CA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2011‑built home with 3 bedrooms, 2 full bathrooms, and approximately 1,242 sq. ft.; Owned solar system installed in 2016, plus earthquake bracing and security cameras; Permitted driveway extension with parking for approximately four vehicles
