Industrial Flex Property with
For Sale
$2,250,000
76 Sunol Street, San Jose, CA 95126
Warehouse with three offices, a 12' roll-up door, and a loft plus residential-style ground and second-floor units.
Property Size3,816 SF
Price / SF$589.62
Days on Market51
Property Features for 76 Sunol Street
General Information
Standard status
Active
Size
3,816 SF
Total Parking Spaces
6
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$1.00
Amenities
Central Air, Gas
3
Tile
6 Parking Spaces.
Building Details
Year Built
1978
Listing Agency:
SiliconValley MultiFamilyGroup
(408) 356-1900
Listed By:
Michael Shields · License #01327546
(408) 354-7470
Source:
Xome
Added: Jul 20
Changed: Sep 3
Last Checked: Sep 7 at 4:53AM
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 SiliconValley MultiFamilyGroup
Investment Insights
Based on property information with market context.
This industrial flex property includes approximately 3,120 SF of warehouse and industrial workspace with three offices and a separate bathroom. The warehouse is equipped with a 12' roll-up garage door and approximately 16' ceiling height. Above the offices, there is an approximately 445 SF loft area for additional workspace or storage.
The property also features residential-style accommodations with units on the ground floor and second floor, including well-appointed kitchens and baths. Six on-site surface parking spaces are provided. Utilities are master metered for gas, water, and electricity.
Set in San Jose’s Sunol-Midtown neighborhood, the property is approximately one mile from Downtown San Jose and offers convenient access to Diridon Station and Caltrain service, with future BART expansion, VTA light rail, and Highway 280 also noted as nearby transportation connections.
The property also features residential-style accommodations with units on the ground floor and second floor, including well-appointed kitchens and baths. Six on-site surface parking spaces are provided. Utilities are master metered for gas, water, and electricity.
Set in San Jose’s Sunol-Midtown neighborhood, the property is approximately one mile from Downtown San Jose and offers convenient access to Diridon Station and Caltrain service, with future BART expansion, VTA light rail, and Highway 280 also noted as nearby transportation connections.
Key Highlights
- Approx. 3,120 SF warehouse/industrial workspace with 12' roll‑up garage door and 16' ceiling plus 3 offices and a separate bathroom
- Includes an approx. 445 SF loft area above the 3 offices for additional workspace or storage
- Residential‑style ground‑floor and second‑floor units with kitchens and baths for added flexibility
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
$77,342
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
3.44%
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%
$1,546,840
$1.5M
Cap Rate 7%
$1,104,886
$1.1M
Cap Rate 9%
$859,356
$859.4K
Market Conditions
NOI Build-Up for 3,816 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
$98.5K $25.80/SF
− Vacancy
−$7.5K −$1.96/SF
EGI
$91.0K $23.84/SF
− OpEx
−$13.6K −$3.58/SF
NOI
$77.3K $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 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%
$1,546,840
Cap Rate 7%
$1,104,886
Cap Rate 9%
$859,356
Alternative Uses
Best Use
Warehouse
$1.10M
$966.8K – $1.29M
NOI $77,342 @ 7.0% cap · market cap 3.44%
Second Best
Flex RnD
$1.01M
$888.1K – $1.18M
NOI $71,048 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$2.30M
$2.02M – $2.69M
NOI $161,322 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
3
Office units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,604
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse with three offices, a 12' roll-up door, and a loft plus residential-style ground and second-floor units.
Where is this flex space located?
The property is located at 76 Sunol Street San Jose, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Approx. 3,120 SF warehouse/industrial workspace with 12' roll‑up garage door and 16' ceiling plus 3 offices and a separate bathroom; Includes an approx. 445 SF loft area above the 3 offices for additional workspace or storage; Residential‑style ground‑floor and second‑floor units with kitchens and baths for added flexibility
