Silicon Valley Commercial
For Sale
Contact for pricing
521 Charcot Ave Suites 211, San Jose, CA 95131
Dynamic business center with strong tenant in Silicon Valley.
Property Size5,005 SF
Price / SF$388.57
Days on Market1521
Property Features for 521 Charcot Ave Suites 211
General Information
Standard status
Active
Size
5,005 SF
Class
A
Property subtype
Industrial
Zoning
PD/LI
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$123,611
Building Details
Year Built
2008
Year Renovated
2021
Stories
1
Tenancy
Single
Listing Agency:
Transwestern Real Estate services
Listed By:
Anna Mcquillan Rose · License #CA-01368576
(925) 522-2300
Source:
Crexi
Added: Aug 16, 2022
Changed: Oct 14
Last Checked: Oct 12 at 5:15PM
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 Transwestern Real Estate services
Investment Insights
Based on property information with market context.
This Silicon Valley condominium is located in a dynamic business center suitable for office, retail, auto, and light industrial uses. The property is part of the Club Auto Sport- SV Condominium Association. It is a safe and secure facility. The property offers a potential opportunity for a 1031 Exchange. The current tenant's lease has been renewed for an additional 5-year term, expiring on 12/31/2030. The tenant is responsible for their own utilities, property taxes, and Association dues, including any increases in these costs. The property encompasses 5,005 square feet.
Key Highlights
- Strong tenant in place with lease renewed through 12/31/2030.
- Tenant pays own utilities, property taxes, and Association dues.
- Opportunity for a 1031 Exchange.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,185
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,700
$1.9M
Cap Rate 7%
$1,331,214
$1.3M
Cap Rate 9%
$1,035,389
$1.0M
Market Conditions
NOI Build-Up for 5,005 SF
Gross rent
$160.4K $32.04/SF
− Vacancy
−$17.0K −$3.40/SF
EGI
$143.4K $28.64/SF
− OpEx
−$50.2K −$10.03/SF
NOI
$93.2K $18.62/SF
Area
San Jose, CA
Vacancy
10.60%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,700
Cap Rate 7%
$1,331,214
Cap Rate 9%
$1,035,389
Alternative Uses
Best Use
Flex RnD
$1.33M
$1.16M – $1.55M
NOI $93,185 @ 7.0% cap · market cap 4.79%
Second Best
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,539 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$3.02M
$2.64M – $3.53M
NOI $211,587 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,843
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95131, CA
30,975
Population
10,270
Households
3
Avg Household Size
38
Median Age
57%
College-Educated
88%
High-School Grad
5.8 sq mi
ZIP Area
5,341
Density / Sq Mi
$170,128
Median Household Income
$77,369
Median Earnings
$3,182
Median Rent
$1,134,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Tony Soprano's Catering — 1969 O'Toole Way, San Jose, CA 95131
Frequently Asked Questions
What type of property is this?
Flex space - Dynamic business center with strong tenant in Silicon Valley.
Where is this flex space located?
The property is located at 521 Charcot Ave Suites 211 San Jose, CA.
What is the asking price?
The asking price for this property is $1,944,800.
What are key features of this property?
This property features: Strong tenant in place with lease renewed through 12/31/2030.; Tenant pays own utilities, property taxes, and Association dues.; Opportunity for a 1031 Exchange.
