San Jose Business Center
For Sale
$1,199,000
Ringwood Court, San Jose, CA 95131
Versatile commercial space in a prime San Jose location.
Property Size1,575 SF
Lot Size0.10 Acres
Price / SF$761.27
Days on Market385
Property Features for Ringwood Court
General Information
Standard status
Active
Size
1,575 SF
Lot size
0.10 Acres
Property subtype
Commercial
Amenities
Common
Concrete Flooring
Building Details
Year Built
2004
Listing Agency:
COMPASS
Listed By:
HATIM M. ELMASHNI · License #01484398
(650) 670-2887
Source:
Corcoran
Added: Aug 15, 2025
Changed: Aug 25
Last Checked: Sep 2 at 6:58PM
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 COMPASS
Investment Insights
Based on property information with market context.
The Ringwood Business Center, constructed in 2004, is located in the International Business Park area of North San Jose. The property offers immediate access to Highways 680 and 880 and is minutes from the Milpitas BART station. Its location provides proximity to Silicon Valley. The property features office space, with the warehouse divided into two functional areas. One area is equipped with a roll-up door, and the other is configured as office space with a restroom and shower. Both areas include mezzanine levels for additional storage, offering flexibility for a range of commercial uses. The property provides a turnkey opportunity for owner-users or investors. The property size is 1575 square feet.
Key Highlights
- Prime location in the International Business Park of North San Jose, placing it in the heart of Silicon Valley.
- Immediate access to Highways 680 and 880.
- Minutes from the Milpitas BART station.
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
$55,407
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
4.62%
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%
$1,108,140
$1.1M
Cap Rate 7%
$791,529
$791.5K
Cap Rate 9%
$615,633
$615.6K
Market Conditions
NOI Build-Up for 1,575 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
$88.3K $56.04/SF
− Vacancy
−$14.4K −$9.13/SF
EGI
$73.9K $46.91/SF
− OpEx
−$18.5K −$11.73/SF
NOI
$55.4K $35.18/SF
Area
San Jose, CA
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 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%
$1,108,140
Cap Rate 7%
$791,529
Cap Rate 9%
$615,633
Alternative Uses
Best Use
Office B
$791.5K
$692.6K – $923.5K
NOI $55,407 @ 7.0% cap · market cap 4.62%
Second Best
Warehouse
$456.0K
$399.0K – $532.0K
NOI $31,922 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$951.2K
$832.3K – $1.11M
NOI $66,583 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,560
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 Office in San Jose, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Versatile commercial space in a prime San Jose location.
Where is this warehouse located?
The property is located at Ringwood Court San Jose, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Prime location in the International Business Park of North San Jose, placing it in the heart of Silicon Valley.; Immediate access to Highways 680 and 880.; Minutes from the Milpitas BART station.
