San Jose Industrial Facility For
For Sale
$5,500,000
90 Pullman Way, San Jose, CA 95111
Industrial building with heavy power, convenient loading, and flexible occupancy.
Property Size22,837 SF
Lot Size0.53 Acres
Price / SF$240.84
Days on Market204
Property Features for 90 Pullman Way
General Information
Standard status
Active
Size
22,837 SF
Lot size
0.53 Acres
Property subtype
Industrial
Listing Agency:
CBRE | San Jose
Listed By:
Brian Matteoni · License #00917296
(408) 453-7407
Source:
Cbre
Added: Mar 25
Changed: Oct 2
Last Checked: Oct 12 at 5:06PM
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 CBRE | San Jose
Investment Insights
Based on property information with market context.
This industrial property, located in San Jose, CA, features heavy industrial zoning and includes approximately 15% office area. The property is situated on an approximately 0.53-acre lot and provides parking with 4 surface spaces, plus street parking. The building has a clear height of 15 to 16 feet. It is equipped with fire sprinklers, grade-level loading, and heavy power at 800 amps / 240 V (buyer to verify). This property is suitable for either investment or owner-user purchase. Existing tenants are on shorter-term leases, and the property can be delivered vacant. It features six oversized grade-level roll-up doors (three in front, three in rear), 12’ X 14’ insulated ceilings in the warehouse portion, and air conditioning in approximately 2,000 square feet of the warehouse. The property also includes a fenced parking and loading area in the rear. The building size is 22,837 square feet.
Key Highlights
- Heavy Industrial Zoning
- Delivered Vacant or with Existing Tenants on Shorter Term Leases
- Enjoy the convenience of 6 oversized grade level roll up doors (3 in front, 3 in rear)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$380,266
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,605,320
$7.6M
Cap Rate 7%
$5,432,371
$5.4M
Cap Rate 9%
$4,225,178
$4.2M
Market Conditions
NOI Build-Up for 22,837 SF
Gross rent
$589.2K $25.80/SF
− Vacancy
−$46.0K −$2.01/SF
EGI
$543.2K $23.79/SF
− OpEx
−$163.0K −$7.14/SF
NOI
$380.3K $16.65/SF
Area
ZIP 95111
Vacancy
7.80%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,605,320
Cap Rate 7%
$5,432,371
Cap Rate 9%
$4,225,178
Alternative Uses
Best Use
Industrial
$5.43M
$4.75M – $6.34M
NOI $380,266 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.71M
$12.00M – $16.00M
NOI $959,704 @ 7.0% cap · market cap 17.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Explore this area
Business Placement
Demographics for 95111, CA
60,593
Population
16,303
Households
3.7
Avg Household Size
36
Median Age
20%
College-Educated
72%
High-School Grad
5.8 sq mi
ZIP Area
10,447
Density / Sq Mi
$97,162
Median Household Income
$43,577
Median Earnings
$1,954
Median Rent
$826,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building with heavy power, convenient loading, and flexible occupancy.
Where is this industrial property located?
The property is located at 90 Pullman Way San Jose, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Heavy Industrial Zoning; Delivered Vacant or with Existing Tenants on Shorter Term Leases; Enjoy the convenience of 6 oversized grade level roll up doors (3 in front, 3 in rear)
