Freestanding Flex/Industrial/Retail San Jose
For Sale
$3,000,000
San Jose, CA 95126, San Jose, CA 95126
Single-story flex/industrial/retail property in a rapidly transforming San Jose neighborhood.
Property Size8,568 SF
Price / SF$350.14
Days on Market316
Property Features
General Information
Standard status
Active
Size
8,568 SF
Property subtype
Industrial
Building Details
Building Size
8,568 SF
Year Built
1920
Listing Agency:
TRI Commercial Real Estate Services
Listed By:
Martin A. Morici · License #CalDRE #00990974
(408) 207-8906
Source:
Corfac
Added: Nov 25, 2025
Changed: Sep 2
Last Checked: Oct 5 at 5:25PM
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 TRI Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This single-story, freestanding flex/industrial/retail property is located in downtown San Jose on San Carlos Street/Stevens Creek Blvd, a major thoroughfare. Situated in a rapidly transforming neighborhood, the property is surrounded by numerous residential redevelopment projects expected to significantly boost local activity. It benefits from close proximity to many restaurants and retail amenities, as well as immediate access to I-280 and Highway 87. The property, built in 1920, has a total land size of approximately 21,345 square feet and includes extra space in the basement, which is not included in the total building size of 8,568 square feet. The property is vacant and features two grade-level doors. The zoning is Transit Residential, and buyers should verify zoning and approved uses. SBA financing opportunities may be available. Power specifications are to be determined and verified by the buyer.
Key Highlights
- Prime location in rapidly transforming downtown San Jose neighborhood with residential redevelopment projects.
- Immediate access to I‑280 and Highway 87.
- Rare freestanding single‑story flex/industrial/retail property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,434
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,628,680
$4.6M
Cap Rate 7%
$3,306,200
$3.3M
Cap Rate 9%
$2,571,489
$2.6M
Market Conditions
NOI Build-Up for 8,568 SF
Gross rent
$346.5K $40.44/SF
− Vacancy
−$15.9K −$1.85/SF
EGI
$330.6K $38.59/SF
− OpEx
−$99.2K −$11.58/SF
NOI
$231.4K $27.01/SF
Area
San Jose, CA
Vacancy
4.58%
Lease Rate
$40.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,628,680
Cap Rate 7%
$3,306,200
Cap Rate 9%
$2,571,489
Alternative Uses
Best Use
Retail
$3.31M
$2.89M – $3.86M
NOI $231,434 @ 7.0% cap · market cap 7.71%
Second Best
Flex RnD
$2.28M
$1.99M – $2.66M
NOI $159,523 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$5.17M
$4.53M – $6.04M
NOI $362,213 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,987
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95126, CA
37,372
Population
16,936
Households
2.2
Avg Household Size
36
Median Age
55%
College-Educated
89%
High-School Grad
3.3 sq mi
ZIP Area
11,325
Density / Sq Mi
$127,297
Median Household Income
$72,722
Median Earnings
$2,544
Median Rent
$1,195,700
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 Industrial in West region
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Similar Off Market Nearby
- Buddy's Batch — 355 Meridian Ave, San Jose, CA 95126
- My Hero Kitchen — 355 Meridian Ave, San Jose, CA 95126
- My Green Lunch — 355 Meridian Ave, San Jose, CA 95126
- Golden State Ice Cream — 330 Race St, San Jose, CA 95126
- Carroll's Catering — San Jose, CA 95126
Frequently Asked Questions
What type of property is this?
Flex space - Single-story flex/industrial/retail property in a rapidly transforming San Jose neighborhood.
Where is this flex space located?
The property is located at San Jose, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Prime location in rapidly transforming downtown San Jose neighborhood with residential redevelopment projects.; Immediate access to I‑280 and Highway 87.; Rare freestanding single‑story flex/industrial/retail property.
