Santa Clara Office Space
For Sale
Contact for pricing
951-955 Monroe St, Santa Clara, CA
High-identity office space in Franklin Square, available now.
Property Size7,039 SF
Lot Size1.00 Acre
Price / SF$454.61
Days on Market323
Property Features for 951-955 Monroe St
General Information
Standard status
Active
Size
7,039 SF
Lot size
1.00 Acre
Property subtype
OFFICE
Listing Agency:
Cushman & Wakefield | San Jose
(408) 615-3400
Listed By:
Erik Hallgrimson
(408) 615-3435
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Oct 10
Last Checked: Oct 12 at 10:24PM
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 Cushman & Wakefield | San Jose
Investment Insights
Based on property information with market context.
This office space features a travertine marble wall, a 28-foot ceiling height, and terrazzo flooring. The property benefits from excellent natural light. It is situated in Franklin Square, offering proximity to numerous restaurants, shops, and services. CalTrain is within walking distance. The space is available now and comprises 7,039 square feet.
Key Highlights
- Walking distance to CalTrain
- High identity space with 28’ ceiling height
- Excellent natural light**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,172
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,443,440
$4.4M
Cap Rate 7%
$3,173,886
$3.2M
Cap Rate 9%
$2,468,578
$2.5M
Market Conditions
NOI Build-Up for 7,039 SF
Gross rent
$354.8K $50.40/SF
− Vacancy
−$58.5K −$8.32/SF
EGI
$296.2K $42.08/SF
− OpEx
−$74.1K −$10.52/SF
NOI
$222.2K $31.56/SF
Area
Santa Clara, CA
Vacancy
16.50%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,443,440
Cap Rate 7%
$3,173,886
Cap Rate 9%
$2,468,578
Alternative Uses
Best Use
Office B
$3.17M
$2.78M – $3.70M
NOI $222,172 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.25M
$3.72M – $4.96M
NOI $297,469 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - High-identity office space in Franklin Square, available now.
Where is this office units located?
The property is located at 951-955 Monroe St Santa Clara, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Walking distance to CalTrain; High identity space with **28’ ceiling height**; Excellent natural light**
