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Medical/Office Buildings on Santa Clara

602 E Santa Clara St San Jose, CA 95112

602 E Santa Clara St, San Jose, CA, 95112
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Two medical/office buildings totaling 6,945 SF on 0.41 acres.

Property Size6,945 SF
Lot Size0.41 Acres
Price / SF$518.36
AddedAug 29, 2023
Days on Market1053
Last RefreshJul 15 at 2:25 pm

Property Features for 602 E Santa Clara St

General Information

Standard status
Active
Size
6,945 SF
Lot size
0.41 Acres
Property subtype
Office

Listing office Kidder Mathews San Jose

Listing date Aug 29, 2023

Source Crexi

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 Kidder Mathews San Jose


Investment Insights

Based on property information with market context.

Two medical/office buildings are situated on a 0.41-acre lot. One building is a two-story structure, elevator-served, with 5,736 square feet, while the other is a single-story building with 1,209 square feet and frontage on E. Santa Clara St. The combined square footage of both buildings is 6,945. The lot is fully secured and includes 27 parking spaces. The zoning is CG. The property features an extensive office buildout.

Key Highlights

  • 6,945 SF total space across two buildings
  • 0.41 acre lot with two buildings: a two‑story elevator‑served building (5,736 SF) and a single‑story building (1,209 SF)
  • 27 parking spaces in a fully secured lot

Local Financial Insights For Office B

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 $389.2k $56.04
− Vacancy −$63.4k −$9.13
EGI $325.8k $46.91
− OpEx −$81.4k −$11.73
NOI $244.3k $35.18
6,945 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%

Alternative Uses

Best Use
Office B
$3.49M
$3.05M – $4.07M (±1% cap)
NOI $244,319 @ 7.0% cap · market cap 6.79%
Second Best
Healthcare Medical
$1.66M
$1.45M – $1.94M (±1% cap)
NOI $116,259 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M (±1% cap)
NOI $293,601 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Insurance City Insurance Agency COVID-19 Vaccine Location-Vax ... Medical Laboratory Paul Heberlein Physician Indian Health Center Gym & Fitness Center Ms. Elisa Marina ... Counselor

Suggested Use

Pet Grooming Service (Bike/Boat/Book/etc) Store Veterinary Clinic Clothing & Fashion Store (Bike/Boat/Book/etc) Store Butcher Tanning Salon (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Fish Market

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Ark Veterinary Care — 295 N 10th St, San Jose, CA 95112
  • vet — 160 S 22nd St, San Jose, CA 95116

FAQs

What type of property is this?
Medical Office Space - Two medical/office buildings totaling 6,945 SF on 0.41 acres.
Where is this medical office space located?
The property is located at 602 E Santa Clara St San Jose, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 6,945 SF total space across two buildings; 0.41 acre lot with two buildings: **a two‑story elevator‑served building (5,736 SF) and a single‑story building (1,209 SF)**; **27 parking spaces in a fully secured lot**
Contact an agent
(408) 588-2398 Call to check price and availability
More about this property
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