Freestanding Office
For Sale
Contact for pricing
760 Meridian Way, San Jose, CA 95126
Flexible workplace with conference rooms, collaborative areas, and covered and surface parking.
Property Size4,017 SF
Price / SF$572.07
Days on Market62
Property Features for 760 Meridian Way
General Information
Standard status
Active
Size
4,017 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Office Units
1
Amenities
Large & Small Conference Rooms
Kitchen – Break Room
Open – Cubicle Work Area
Building Details
Buildings
1
Tenancy
Single
Building Size
4,017 SF
Listing Agency:
Guggenheim Group
Listed By:
Al Guggenheim · License #CA
Source:
Crexi
Added: Jul 1
Changed: Aug 31
Last Checked: Aug 30 at 3:07PM
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 Guggenheim Group
Investment Insights
Based on property information with market context.
This freestanding office property offers approximately 4,017 SF arranged for flexible workplace use. The interior includes both large and small conference rooms, a kitchen and break area, and an open cubicle work zone. As a single-tenant building, the layout provides a dedicated setting for one office user.
The property is located at 760 Meridian Way in San Jose, with access to Downtown Willow Glen and nearby restaurants and local retail services. Highway connections include 280, 87, and 17/880, supporting regional access for employees, clients, and visitors. Covered and surface parking are available on site.
The property is located at 760 Meridian Way in San Jose, with access to Downtown Willow Glen and nearby restaurants and local retail services. Highway connections include 280, 87, and 17/880, supporting regional access for employees, clients, and visitors. Covered and surface parking are available on site.
Key Highlights
- ±4,017 SF freestanding office building
- Flexible floor plan with large and small conference rooms
- Kitchen and break‑room area
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
$141,314
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
6.15%
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%
$2,826,280
$2.8M
Cap Rate 7%
$2,018,771
$2.0M
Cap Rate 9%
$1,570,156
$1.6M
Market Conditions
NOI Build-Up for 4,017 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
$225.1K $56.04/SF
− Vacancy
−$36.7K −$9.13/SF
EGI
$188.4K $46.91/SF
− OpEx
−$47.1K −$11.73/SF
NOI
$141.3K $35.18/SF
Area
San Jose, CA
Vacancy
16.30%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
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%
$2,826,280
Cap Rate 7%
$2,018,771
Cap Rate 9%
$1,570,156
Alternative Uses
Best Use
Office B
$2.02M
$1.77M – $2.36M
NOI $141,314 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,819 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
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 Office in San Jose, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible workplace with conference rooms, collaborative areas, and covered and surface parking.
Where is this office building located?
The property is located at 760 Meridian Way San Jose, CA.
What is the asking price?
The asking price for this property is $2,298,000.
What are key features of this property?
This property features: ±4,017 SF freestanding office building; Flexible floor plan with large and small conference rooms; Kitchen and break‑room area
