Building Details

Year built 1948

Roof type Flat

Listing Agency: Real Brokerage Technologies c***@therealbrokerage.com Show Phone

Listed By: Samuel Spinella II · License #01377658 Show Phone

Added: Jun 20 Changed: Oct 21 Last Checked: Oct 21 at 8:06AM

Report an Issue

MLS# ML82051761

Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 4,400-square-foot, single-story flex property occupies 0.3691 acres and was built in 1948. Storefront presence complements warehouse-style functionality, with dock-high loading, grade-level access, signage exposure, and on-site parking. The building has central air conditioning and forced-air heating, with public water and sewer service. Zoning is CN.

Located on Stockton Avenue, the property is near Downtown San Jose, Diridon Station, The Alameda, and San Jose International Airport.

Key Highlights

• 4,400‑square‑foot building on 0.3691 acres
• Dock‑high loading and grade‑level access
• Storefront presence, signage exposure, and on‑site parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$89,178

Cap Rate

3.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,783,560 $1.8M

Cap Rate 7%

$1,273,971 $1.3M

Cap Rate 9%

$990,867 $990.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,400 SF

Gross rent

$113.5K $25.80/SF

− Vacancy

−$8.6K −$1.96/SF

EGI

$104.9K $23.84/SF

− OpEx

−$15.7K −$3.58/SF

NOI

$89.2K $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%

$1,783,560

Cap Rate 7%

$1,273,971

Cap Rate 9%

$990,867

Alternative Uses

Best Use

Warehouse

$1.27M

$1.11M – $1.49M (±1% cap)

NOI $89,178 @ 7.0% cap · market cap 3.74%

Second Best

Flex RnD

$1.17M

$1.02M – $1.37M (±1% cap)

NOI $81,921 @ 7.0% cap · market cap 3.43%

Theoretical Best

Office A

$2.66M

$2.33M – $3.10M (±1% cap)

NOI $186,011 @ 7.0% cap · market cap 7.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

PPD Premium Protective ... Hardware & Home Improvement Impact Janitorial General Contractor

Suggested Use

Top Pick Locksmith Carpet & Flooring Store Grocery & Convenience Store Veterinary Clinic (Bike/Boat/Book/etc) Store Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,115

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 95126, CA

37,372

Population

16,936

Households

2.2

Avg Household Size

36

Median Age

55%

College-Educated

89%

High-School Grad

3.3 sq mi

ZIP Area

11,325

Density / Sq Mi

$127,297

Median Household Income

$72,722

Median Earnings

$2,544

Median Rent

$1,195,700

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Similar For Sale Nearby

See more

Mixed-Use Building with Warehouse

San Jose, CA 95126

$2,250,000

3,816 SF

View details

Warehouse with Office and Mezzanine

1777 Smith Ave, San Jose, CA 95112

$1,349,000

4,191 SF

View details

Industrial Warehouse Property

1274 Alma Ct #6, San Jose, CA 95112

$2,150,000

View details

Mixed-Use Property with Warehouse

San Jose, CA 95116

$1,500,000

3,656 SF

View details

Industrial Condo Near San Jose Airport

2216 Ringwood Avenue, San Jose, CA 95131

$1,599,000

3,196 SF

View details

San Jose Industrial Condo For Sale

2180 Ringwood Ave, San Jose, CA 95131

$1,650,000

3,120 SF

View details

Freestanding Flex/Industrial/Retail San Jose Property

San Jose, CA 95126

$3,000,000

8,568 SF

View details

Freestanding Flex/Industrial/Retail San Jose Property

757 W San Carlos St, San Jose, CA 95126

$3,000,000

8,568 SF

View details

Industrial Warehouse Condominium

2147 South 10th Street, San Jose, CA 95112

$3,050,000

12,477 SF

View details

San Jose Business Center Opportunity

Ringwood Court, San Jose, CA 95131

$1,199,000

1,575 SF

View details

Ringwood Business Center in San Jose

1141 Ringwood Court #110, San Jose, CA 95131

$1,199,000

1,575 SF

View details

Flex Building With Office and Showroom

902 S Bascom Ave, San Jose, CA 95128

$4,500,000

14,700 SF

View details

Similar Off Market Nearby

• Thai Thai — 577 Dana Ave, San Jose, CA 95126
• Carroll's Catering — San Jose, CA 95126
• Remede Events — 1020 The Alameda Suite C, San Jose, CA 95126
• Mango's Mexican Grill — 1860 The Alameda, San Jose, CA 95126
• Cabana Dave's — San Jose, CA 95110

Frequently Asked Questions

What type of property is this?

Flex space - A single-story commercial property combines storefront presence with warehouse-style functionality and separate loading access.

Where is this flex space located?

The property is located at 615 Stockton Avenue San Jose, CA.

What is the asking price?

The asking price for this property is $2,387,000.

What are key features of this property?

This property features: 4,400‑square‑foot building on 0.3691 acres; Dock‑high loading and grade‑level access; Storefront presence, signage exposure, and on‑site parking