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 Market1476
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
(925) 522-2300
Listed By:
Anna Mcquillan Rose · License #CA-01368576
Source:
Crexi
Added: Aug 16, 2022
Changed: Aug 27
Last Checked: Aug 29 at 2:37AM
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 = 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
$93,185
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
4.79%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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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.
