Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2125 O'nel Dr San Jose, CA 95131
    Back to Search
    Property profile & analytics

    2125 O'nel Dr San Jose, CA 95131

    View on Map
    • Life science properties
    • 110,669 SF
    • 5.21 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 2125 O'nel Dr

    Year built
    1985
    Lot size
    5.21 lot acres
    Property size
    110,669 SF
    Property type
    Life science properties
    Property subtype
    Office Spaces

    Description

    This exceptional Class A office and R&D building, located at 2125 O'Nel Dr in San Jose, California, presents a unique owner-user opportunity. Boasting 110,669 square feet across two stories, this 1985-built property underwent a complete renovation in 2023, ensuring modern amenities and functionality. Situated on a 5.21-acre lot, the building offers significant potential for expansion and customization. The property enjoys high visibility with US 101 frontage and prominent signage opportunities. Convenient access to Highways 87 and 101 provides excellent regional connectivity. Ten EV charging stations are available on-site, catering to sustainable transportation needs. The building is currently 100% vacant, providing immediate occupancy for a new owner. The electrical system has the potential to be upgraded to 4,000 amps. The building is equipped with sprinklers throughout. The property is ready for immediate occupancy starting September 24, 2024. This is a rare opportunity to acquire a substantial, high-quality property in a prime San Jose location. The asking price is $23,000,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.924
    Latitude
    37.3739

    Comparable in this City

    • Value Estimation by Request
      11.22 Acres

      681 Trimble Rd

      Life science properties • 488,743 SF
      681 Trimble Rd, San Jose, CA 95131
      View Details
    • Value Estimation by Request
      137,712 SF

      2525 12Th St

      Life science properties • 137,712 SF
      2525 12Th St, San Jose, CA 95131
      View Details
    • Value Estimation by Request
      250,056 SF

      2535 13Th St

      Life science properties • 250,056 SF
      2535 13Th St, San Jose, CA 95131
      View Details
    • Value Estimation by Request
      72,958 SF

      2528 Qume Dr

      Life science properties • 72,958 SF
      2528 Qume Dr, San Jose, CA 95131
      View Details
    • Value Estimation by Request

      2000 Trade Zone Blvd

      R&D FACILITY, LABS, PHARMA
      2000 Trade Zone Blvd, San Jose, CA 95131-1419
      View Details
    • Value Estimation
      $565,000
      38,556 SF

      2260 Lundy Ave

      R&D FACILITY, LABS, PHARMA • 38,556 SF
      2260 Lundy Ave, San Jose, CA 95131-1816
      View Details

    Similar Nearby for Sale

    • $575,000
      1,210 SF

      Commercial Condo in Fortune Business

      Commercial condominium for sale in Silicon Valley's Fortune Business.
      2290 Ringwood Ave, San Jose, CA 95131
      View Details
    • Contact for pricing
      93,156 SF

      Industrial Space with Expandable Office

      Industrial property featuring expandable office and mezzanine space for lease.
      2105 Lundy Ave, San Jose, CA 95131
      View Details
    • $520,000
      1,216 SF

      Versatile Commercial Condo in San Jose

      Flexible 1,216 sq ft condo in a prime San Jose location.
      2050 Concourse Dr, San Jose, CA 95131
      View Details
    • $600,000
      1,234 SF

      San Jose R&D Office Condo

      1,234 SF R&D office condo in North San Jose.
      2485 Autumnvale Dr, San Jose, CA 95131
      View Details
    • Contact for pricing
      3,196 SF

      Industrial Condo Near San Jose Airport

      Industrial condo with office space, near San Jose International Airport.
      2216 Ringwood Ave, San Jose, CA 95131
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      3,351 SF

      Venture Commerce Center: San Jose Flex Space

      Modern San Jose flex space for lease.
      1869 Concourse Dr, San Jose, CA 95131
      View Details
    • Contact for pricing
      8,200 SF

      San Jose Flex/Industrial Space

      Flex/industrial space in North San Jose with highway access.
      2343-2345 Bering Dr, San Jose, CA 95131
      View Details
    • Contact for pricing
      1,440 SF

      San Jose Flex/Industrial/Office Space

      Flex, industrial, and office spaces available in North San Jose.
      2391 Zanker Rd, San Jose, CA 95131
      View Details
    • $1.60 SF/Yr
      54,225 SF

      Warehouse/Distribution Space with Office

      Warehouse/distribution space with office in the heart of Silicon Valley.
      1935 Lundy Ave, San Jose, CA 95131
      View Details
    • $1,800 /Mo
      1,184 SF

      SAN JOSE Industrial R&D Condo

      1,184 sq ft industrial condo with offices and amenities.
      2050 Concourse 54, San Jose, CA 95131
      View Details
    • Contact for pricing
      1,728 SF

      San Jose Flex Space Available

      Flex space in North San Jose, near light rail.
      2381 Zanker Rd, San Jose, CA 95131
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2125 O'nel Dr
    San Jose, CA 95131
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2125 O'nel Dr, San Jose, CA, 95131
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!