Turnkey Office Near Downtown
Meridian Avenue San Jose, CA 95125
Meridian Avenue, San Jose, CA, 95125
$1,750,000
For Sale
$1,750,000
Strategically located office building near Downtown Willow Glen district.
Property Size1,975 SF
Lot Size0.17 Acres
Price / SF$886.08
Days on Market358
Property Features for Meridian Avenue
General Information
- Standard status
- Active
- Size
- 1,975 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1946
Listing Agency
MARCUS & MILLICHAP
(650) 391-1824
Listed by
MITCHELL ZURICH · License #01870648
Source
Corcoran
Added: Jul 25, 2025 Checked: Jul 17 at 2:24 am
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 MARCUS & MILLICHAP
Investment Insights
Based on property information with market context.
This turnkey office building is strategically located near the vibrant Downtown Willow Glen district, offering convenient access to restaurants, cafes, boutiques, and entertainment venues. Its central location provides easy access to Interstate 280, State Route 17, and State Route 87. The 1,975 square-foot property features a secure, gated parking lot with six dedicated spaces, including one ADA-accessible stall. The building underwent significant upgrades in 2013, including a new roof, solar system, upgraded electrical panel, dual pane windows, and ADA-compliant enhancements. The office was recently upgraded with a new air conditioner and heater. The interior offers a combination of residential charm and office functionality, including a full kitchen, bathroom with shower, laundry area, and a fireplace. It is suitable for professional service users, medical, or creative office use.
Key Highlights
- Turnkey owner/user opportunity in a highly desirable location near Downtown Willow Glen.
- Recent significant upgrades including a new roof, solar system, upgraded electrical panel, dual pane windows, and ADA‑compliant enhancements.
- Convenient access to Interstate 280, State Route 17, and State Route 87.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.7k | $56.04 |
| − Vacancy | −$18.0k | −$9.13 |
| EGI | $92.6k | $46.91 |
| − OpEx | −$23.2k | −$11.73 |
| NOI | $69.5k | $35.18 |
1,975 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$992.6K
$868.5K – $1.16M
NOI $69,479 @ 7.0% cap · market cap 3.97%
Second Best
Healthcare Medical
$520.5K
$455.4K – $607.2K
NOI $36,432 @ 7.0% cap · market cap 2.08%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,493 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Strategically located office building near Downtown Willow Glen district.
Where is this office building located?
The property is located at Meridian Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Turnkey owner/user opportunity in a highly desirable location near Downtown Willow Glen.; Recent significant upgrades including a new roof, solar system, upgraded electrical panel, dual pane windows, and ADA‑compliant enhancements.; Convenient access to Interstate 280, State Route 17, and State Route 87.
