Flex Building With Office and
New
For Sale
$4,500,000
902 S Bascom Ave, San Jose, CA 95128
UV-zoned commercial property combines office and showroom areas within a flexible building configuration.
Property Size14,700 SF
Price / SF$306.12
Days on Market5
Property Features for 902 S Bascom Ave
General Information
Standard status
Active
Size
14,700 SF
Class
B
Property subtype
Office - General Office
Zoning
UV
Building Details
Building Size
14,700 SF
Year Built
1971
Buildings
1
Abandoned
No
Listing Agency:
BellStreet
(650) 282-0477
Listed By:
Amit Urban · License #01998926
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 18 at 7:36AM
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 BellStreet
Investment Insights
Based on property information with market context.
This flex-space property contains 14,700 square feet with office and showroom areas. Constructed in 1971, the building provides a combination of workplace and display-oriented space within one commercial structure. The property is zoned UV.
Located at 902 S Bascom Ave in San Jose, the property is positioned in the Silicon Valley market. The surrounding area includes restaurants, shopping centers, Google and Apple facilities, Winchester Mystery House, and Santana Row. The address places the building within a well-established commercial setting with a mix of business, retail, dining, and local attractions.
Located at 902 S Bascom Ave in San Jose, the property is positioned in the Silicon Valley market. The surrounding area includes restaurants, shopping centers, Google and Apple facilities, Winchester Mystery House, and Santana Row. The address places the building within a well-established commercial setting with a mix of business, retail, dining, and local attractions.
Key Highlights
- 14,700‑square‑foot flex‑space building
- Office and showroom areas included
- Constructed in 1971
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
$397,069
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
8.82%
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%
$7,941,380
$7.9M
Cap Rate 7%
$5,672,414
$5.7M
Cap Rate 9%
$4,411,878
$4.4M
Market Conditions
NOI Build-Up for 14,700 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
$594.5K $40.44/SF
− Vacancy
−$27.2K −$1.85/SF
EGI
$567.2K $38.59/SF
− OpEx
−$170.2K −$11.58/SF
NOI
$397.1K $27.01/SF
Area
San Jose, CA
Vacancy
4.58%
Lease Rate
$40.44 /SF/Yr
Expense Ratio
30.00%
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%
$7,941,380
Cap Rate 7%
$5,672,414
Cap Rate 9%
$4,411,878
Alternative Uses
Best Use
Office B
$7.39M
$6.46M – $8.62M
NOI $517,133 @ 7.0% cap · market cap 11.49%
Second Best
Retail
$5.67M
$4.96M – $6.62M
NOI $397,069 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$8.88M
$7.77M – $10.36M
NOI $621,444 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,212
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95128, CA
34,776
Population
15,193
Households
2.3
Avg Household Size
38
Median Age
52%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
8,917
Density / Sq Mi
$122,647
Median Household Income
$71,504
Median Earnings
$2,505
Median Rent
$1,214,500
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?
Flex space - UV-zoned commercial property combines office and showroom areas within a flexible building configuration.
Where is this flex space located?
The property is located at 902 S Bascom Ave San Jose, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 14,700‑square‑foot flex‑space building; Office and showroom areas included; Constructed in 1971
