Flexible Commercial Office
New
For Sale
$1,300,000
93 North 14th Street, San Jose, CA 95112
Commercial Office (CO) designation supports professional and service uses currently in place.
Property Size2,969 SF
Lot Size0.29 Acres
Price / SF$437.86
Days on Market2
Property Features for 93 North 14th Street
General Information
Standard status
Active
Size
2,969 SF
Lot size
0.29 Acres
Property subtype
Office
Zoning
CO
Building Details
Building Size
2,969 SF
Listing Agency:
CBRE - San Jose
Listed By:
Nick Whitstone · License #01196787
(408) 453-7438
Source:
Cbre
Added: Sep 12
Last Checked: Sep 12 at 2:50PM
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 commercial office property contains 2,969 SF of total space on a 0.29-acre site with a 12,632 SF lot. The Commercial Office (CO) designation supports flexible professional and service uses currently in place, providing a range of potential operating configurations for an owner-user or investor.
Located at 93 North 14th Street in San Jose, the property sits directly across from a planned 101-unit senior housing development scheduled for completion in Q2 2027. The site combines an office-oriented building with additional land area and a stated development context that may be relevant to future ownership and use considerations.
Located at 93 North 14th Street in San Jose, the property sits directly across from a planned 101-unit senior housing development scheduled for completion in Q2 2027. The site combines an office-oriented building with additional land area and a stated development context that may be relevant to future ownership and use considerations.
Key Highlights
- 2,969 SF of total commercial office space
- 0.29‑acre site with a 12,632 SF lot
- Commercial Office (CO) designation
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
$104,447
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
8.03%
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%
$2,088,940
$2.1M
Cap Rate 7%
$1,492,100
$1.5M
Cap Rate 9%
$1,160,522
$1.2M
Market Conditions
NOI Build-Up for 2,969 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
$166.4K $56.04/SF
− Vacancy
−$27.1K −$9.13/SF
EGI
$139.3K $46.91/SF
− OpEx
−$34.8K −$11.73/SF
NOI
$104.4K $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%
$2,088,940
Cap Rate 7%
$1,492,100
Cap Rate 9%
$1,160,522
Alternative Uses
Best Use
Office B
$1.49M
$1.31M – $1.74M
NOI $104,447 @ 7.0% cap · market cap 8.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,515 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,853
Businesses Nearby
Explore this area
Business Placement
Demographics for 95112, CA
60,754
Population
22,969
Households
2.6
Avg Household Size
33
Median Age
39%
College-Educated
82%
High-School Grad
7.3 sq mi
ZIP Area
8,322
Density / Sq Mi
$89,649
Median Household Income
$45,690
Median Earnings
$2,095
Median Rent
$956,300
Median Home Value
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Market
Vacancy Rate% for Office in San Jose, CA
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Frequently Asked Questions
What type of property is this?
Office building - Commercial Office (CO) designation supports professional and service uses currently in place.
Where is this office building located?
The property is located at 93 North 14th Street San Jose, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2,969 SF of total commercial office space; 0.29‑acre site with a 12,632 SF lot; Commercial Office (CO) designation
