Warehouse Condominium with Mezzanine
2071 Ringwood Ave San Jose, CA 95131
For Sale
Contact for pricing
Pending
46,181 SF warehouse condominium with office and storage space.
Property Size46,000 SF
Lot Size2.00 Acres
Days on Market1254
Property Features for 2071 Ringwood Ave
General Information
- Standard status
- Pending
- Size
- 46,000 SF
- Lot size
- 2.00 Acres
- Property subtype
- Industrial, Business for Sale
Listing Agency:
Grand Realty Group
Listed By:
Tommy Tran · License #CA 01439113
Source:
Crexi
Added: Feb 18, 2023
Changed: Jul 10
Last Checked: Jul 25 at 2:33PM
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 Grand Realty Group
Investment Insights
Based on property information with market context.
This property features a 46,181 square foot warehouse condominium on a lot of approximately 2 acres. The building includes approximately 7,724 square feet of mezzanine office space and ground floor office space with a conference room and private offices. The warehouse area spans approximately 32,980 square feet and is equipped with 7 dock-high doors that include dock seals and levelers, a break room, and a server room. Additionally, there is approximately 12,144 square feet of dead storage space that is currently occupied by a tenant who pays $7,000 per month NNN. The property has 800 amps of power, a clear height of 22 to 24 feet, and skylights. It is fully sprinklered and offers a parking ratio of 1.5 spaces per 1,000 square feet.
Key Highlights
- Large Warehouse Condominium: Boasting 46,181 SF total, including a 32,980 SF warehouse area.
- Income‑Generating Tenant: 12,144 SF of dead storage is leased for $7,000/month NNN.
- Substantial Office Space: Includes 7,724 SF mezzanine office and ground floor office with conference room and private offices.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.19M | $25.80 |
| − Vacancy | −$90.0k | −$1.96 |
| EGI | $1.10M | $23.84 |
| − OpEx | −$164.5k | −$3.58 |
| NOI | $932.3k | $20.27 |
46,000 SF · lease $25.80/SF/yr · vacancy 7.58% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$13.32M
$11.65M – $15.54M
NOI $932,314 @ 7.0% cap · market cap 3.59%
Second Best
Industrial
$10.97M
$9.60M – $12.80M
NOI $767,788 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$27.78M
$24.31M – $32.41M
NOI $1,944,656 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Amazing Packaging Supplies ...
Big Box & Wholesale Store
CTS Advantage Logistics
Trucking Company
Evergreen Energy Upgrades
Construction Company
Piedmont Moving Systems ...
Logistics Company
Bay Area Contract ...
Freight Service
Similar Off Market Nearby
- Ontellus — 981 Ridder Park Dr, San Jose, CA 95131
- Intelligence Storage Solutions — 2073 O'Toole Ave, San Jose, CA 95131
- Self Storage — 1701 murphy ave, san jose, ca 95131
- Self Storage — 1606 murphy ave, san jose, ca 95131
- Extra Space Storage — 1799 Oakland Rd, San Jose, CA 95131
FAQs
What type of property is this?
Warehouse - 46,181 SF warehouse condominium with office and storage space.
Where is this warehouse located?
The property is located at 2071 Ringwood Ave San Jose, CA.
What is the asking price?
The asking price for this property is $26,000,000.
What are key features of this property?
This property features: Large Warehouse Condominium: Boasting 46,181 SF total, including a **32,980 SF warehouse area**.; Income‑Generating Tenant: 12,144 SF of dead storage is leased for $7,000/month NNN.; Substantial Office Space: Includes 7,724 SF mezzanine office and ground floor office with conference room and private offices.
