Turnkey Office Near Downtown
For Sale
$1,700,000
Meridian Avenue, San Jose, CA 95125
Strategically located office building near Downtown Willow Glen district.
Property Size1,975 SF
Lot Size0.17 Acres
Price / SF$860.76
Days on Market449
Property Features for Meridian Avenue
General Information
Standard status
Active
Size
1,975 SF
Lot size
0.17 Acres
Property subtype
Commercial
Amenities
Customized Wheelchair Accessible
Shingle Roof
Building Details
Year Built
1946
Listing Agency:
MARCUS & MILLICHAP
Listed By:
MITCHELL ZURICH · License #01870648
(650) 391-1824
Source:
Corcoran
Added: Jul 25, 2025
Changed: Oct 15
Last Checked: Oct 14 at 11:21PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,479
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,580
$1.4M
Cap Rate 7%
$992,557
$992.6K
Cap Rate 9%
$771,989
$772.0K
Market Conditions
NOI Build-Up for 1,975 SF
Gross rent
$110.7K $56.04/SF
− Vacancy
−$18.0K −$9.13/SF
EGI
$92.6K $46.91/SF
− OpEx
−$23.2K −$11.73/SF
NOI
$69.5K $35.18/SF
Area
ZIP 95125
Vacancy
16.30%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,580
Cap Rate 7%
$992,557
Cap Rate 9%
$771,989
Alternative Uses
Best Use
Office B
$992.6K
$868.5K – $1.16M
NOI $69,479 @ 7.0% cap · market cap 4.09%
Second Best
Healthcare Medical
$520.5K
$455.4K – $607.2K
NOI $36,432 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,493 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,810
Businesses Nearby
Explore this area
Business Placement
Demographics for 95125, CA
54,000
Population
22,151
Households
2.4
Avg Household Size
41
Median Age
56%
College-Educated
91%
High-School Grad
7.3 sq mi
ZIP Area
7,397
Density / Sq Mi
$148,422
Median Household Income
$77,440
Median Earnings
$2,394
Median Rent
$1,646,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Jose, CA
Frequently Asked Questions
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 $1,700,000.
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.
