Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    161-165 Nortech Pkwy San Jose, CA 95134

    • Life science properties
    • 74,004 SF
    • 5.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Life science properties

    Property Details for 161-165 Nortech Pkwy

    Year built
    1988
    Lot size
    5.07 lot acres
    Property size
    74,004 SF
    Property type
    Life science properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional single-story research and development facility, located at 161-165 Nortech Parkway in San Jose, California, offers 74,000+ square feet of versatile space. Built in 1988, the property sits on a generous 5.07-acre lot, providing ample room for expansion or outdoor activities. The building's classification as both office and industrial space allows for a wide range of potential uses, making it an attractive option for businesses needing a blend of office and lab/production areas. The property features fire sprinklers throughout, enhancing safety and security. Its convenient location in Santa Clara County, with easy access to Disk Drive, provides excellent accessibility for employees and clients. The property's size and features make it ideal for a company seeking a significant footprint in a thriving Silicon Valley location. The address is 161-165 Nortech Pkwy, San Jose, CA 95134. Further details regarding pricing are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.958
    Latitude
    37.4242

    Comparable in this City

    • Value Estimation by Request
      26,589 SF

      645 River Oaks Pkwy

      Life science properties • 26,589 SF
      645 River Oaks Pkwy, San Jose, CA 95134
      View Details
    • Value Estimation by Request
      26,676 SF

      683 River Oaks Pkwy

      Life science properties • 26,676 SF
      683 River Oaks Pkwy, San Jose, CA 95134
      View Details
    • Value Estimation
      $145,000
      1.68 Acres

      San Jose, CA 95134

      R&D FACILITY, LABS, PHARMA • 1.68 Acres
      San Jose, CA 95134
      View Details
    • Value Estimation
      $305,000
      0.60 Acres

      San Jose, CA 95134

      R&D FACILITY, LABS, PHARMA • 0.60 Acres
      San Jose, CA 95134
      View Details
    • Value Estimation
      $905,000
      39,760 SF

      4620 Fortran Dr

      R&D FACILITY, LABS, PHARMA • 39,760 SF
      4620 Fortran Dr, San Jose, CA 95134-2313
      View Details
    • Value Estimation
      $1,095,000
      86,602 SF

      411 Plumeria Dr

      R&D FACILITY, LABS, PHARMA • 86,602 SF
      411 Plumeria Dr, San Jose, CA 95134-1924
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      265,000 SF

      Prime San Jose Office Campus

      265,000 SF Class A Office Portfolio
      3060 1St St, San Jose, CA 95134
      View Details
    • $33,000,000
      92,864 SF

      San Jose Two-Story Facility

      92,864 SF facility ideal for corporate headquarters or manufacturing.
      2581 Junction Ave, San Jose, CA 95134
      View Details
    • Contact for pricing
      75,000 SF

      San Jose Flex/Industrial Building

      74,004 SF building on 5.07 acre lot available now.
      165 Nortech Pkwy, San Jose, CA 95134
      View Details
    • $42,000,000
      95,550 SF

      San Jose Flex/Industrial Property

      5.5 acre flex/industrial property renovated in 2015.
      250 W Tasman Dr, San Jose, CA 95134
      View Details
    • Contact for pricing
      96,154 SF

      San Jose Office Building For Sale

      96,154 SF office building in San Jose, California.
      90 E Tasman Dr, San Jose, CA 95134
      View Details
    • $78,000
      265,000 SF

      Class A Office Buildings

      Two Class A office buildings totaling 265,000 square feet.
      3060 1St St, San Jose, CA 95134
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      112,043 SF

      San Jose Executive Office Space

      Class A Office & R&D Space Available
      178 Tasman Dr, San Jose, CA 95134
      View Details
    • $34 SF/Yr
      287,371 SF

      Remodeled Tech Campus Space

      Industrial space in remodeled tech campus with outdoor amenities.
      190-210 W Tasman Dr, San Jose, CA 95134
      View Details
    • Contact for pricing
      16,104 SF

      San Jose Flex/Industrial/Office Space

      Flex, industrial, and office space available for lease in San Jose.
      651-655 River Oaks Pkwy, San Jose, CA 95134
      View Details
    • $2 SF/Yr
      47,368 SF

      Renovated Flex Space Available

      Three buildings with high-end interiors, robust electrical capacity, and amenities.
      251 River Oaks Pkwy, San Jose, CA 95134
      View Details
    • $1.75 SF/Yr
      30,260 SF

      San Jose Flex/Industrial/Office Space

      30,260 SF flex, industrial, and office space for lease.
      2855-2895 Zanker Rd, San Jose, CA 95134
      View Details
    • $2 SF/Yr
      76,568 SF

      Spacious San Jose Facility For Lease

      76,568 SF facility with highway access and high-tech potential.
      2713 N 1St St, San Jose, CA 95134
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    161-165 Nortech Pkwy
    San Jose, CA 95134
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.