Residential Income Property with
New
For Sale
$350,000
541 Weatherly Drive 541, San Jose, CA 95134
Home features permitted outdoor improvements and convenient access to the community pool, clubhouse, and guest parking.
Property Size1,248 SF
Price / SF$280.45
Days on Market7
Property Features for 541 Weatherly Drive 541
General Information
Standard status
Active
Size
1,248 SF
Total Parking Spaces
4
Property subtype
Manufactured In Park
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Amenities
clubhouse
pool
covered entertaining area
sauna
Building Details
Year Built
2011
Buildings
1
Listing Agency:
KW Silicon City
(408) 755-5972
Listed By:
Sunny Mach · License #02189276
(408) 381-8080
Source:
Tfregroup
Added: Sep 18
Changed: Sep 23
Last Checked: Sep 24 at 8:40AM
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.
This residential income property is a 2011-built home in the Lamplighter community of North San Jose. The interior includes LVP flooring, painted living areas, ceiling fans, stainless-steel kitchen appliances, and a remodeled guest bathroom with updated finishes. Additional systems and improvements include an owned solar installation added in 2016, a two-stage whole-house water filtration system, a one-year-old water heater, earthquake bracing, and security cameras.
Outdoor features include a permitted driveway extension with parking for approximately four vehicles and a permitted paver patio with a covered entertaining area, outdoor sink, counter, grill, gas patio heater, sauna, projector, and TV. Seven storage sheds provide additional utility. The home is within walking distance of the clubhouse, pool, and guest parking, with access to VTA Light Rail, Highways 101, 237, and 880, Rivermark, major tech campuses, and Levi’s Stadium.
Outdoor features include a permitted driveway extension with parking for approximately four vehicles and a permitted paver patio with a covered entertaining area, outdoor sink, counter, grill, gas patio heater, sauna, projector, and TV. Seven storage sheds provide additional utility. The home is within walking distance of the clubhouse, pool, and guest parking, with access to VTA Light Rail, Highways 101, 237, and 880, Rivermark, major tech campuses, and Levi’s Stadium.
Key Highlights
- 2011‑built home in the Lamplighter community of North San Jose
- Owned solar system installed in 2016
- 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
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
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 - Home features permitted outdoor improvements and convenient access to the community pool, clubhouse, and guest parking.
Where is this residential income property located?
The property is located at 541 Weatherly Drive 541 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 in the Lamplighter community of North San Jose; Owned solar system installed in 2016; Permitted driveway extension with parking for approximately four vehicles
