Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3151 Zanker Rd San Jose, CA 95134

    • Industrial properties
    • 201,500 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • NIO USA / Corporate Office

    Property Details for 3151 Zanker Rd

    Year built
    1990
    Property size
    201,500 SF
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 44,751-square-foot, two-story flex space in San Jose's desirable Zanker Road area offers a unique blend of functionality and luxury. The freestanding building boasts brand-new, high-end interior finishes, making it truly plug-and-play ready. Power is robust, with 8,000 amps at 277/480 volts, expandable to 12,000 amps. The property features a state-of-the-art 586-ton HVAC system, multiple labs each equipped with dedicated HVAC and CDA systems, ensuring optimal climate control. Loading and unloading are efficient with two loading docks and one grade-level door. A unique feature is an on-site auto lab complete with car lifts. Employees will appreciate the second-floor balconies, ample parking (3.1 spaces per 1,000 square feet), a fully equipped fitness center with showers, and a full-service cafeteria with an adjacent outdoor deck. The building sits on a 12-acre lot and is part of a larger 201,500-square-foot industrial complex built in 1990 and renovated in 2020. The single-story building offers a ceiling height of 18 feet and a total of 300 parking spaces, including one drive-in bay. Located in Santa Clara County, this property presents a rare opportunity to secure a premium flex space with unparalleled amenities.

    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
    -121.933
    Latitude
    37.3996

    Comparable in this City

    • Value Estimation
      $11,000,000
      88,704 SF

      251 Riv Oaks Pkwypy

      LIGHT INDUSTRIAL • 88,704 SF
      251 Riv Oaks Pkwypy, San Jose, CA 95134-1913
      View Details
    • Value Estimation
      $4,370,000
      34,890 SF

      79 Bonaventura Dr

      INDUSTRIAL (GENERAL) • 34,890 SF
      79 Bonaventura Dr, San Jose, CA 95134-2105
      View Details
    • Value Estimation by Request
      74,004 SF

      161-165 Nortech Pkwy

      Life science properties • 74,004 SF
      161-165 Nortech Pkwy, San Jose, CA 95134
      View Details
    • Value Estimation by Request

      San Jose, CA 95134

      INDUSTRIAL (GENERAL)
      San Jose, CA 95134
      View Details
    • Value Estimation
      $6,680,000
      50,822 SF

      3099 Orch Dr

      INDUSTRIAL (GENERAL) • 50,822 SF
      3099 Orch Dr, San Jose, CA 95134-2005
      View Details
    • Value Estimation
      $9,790,000
      54,591 SF

      51 Daggett Dr

      INDUSTRIAL (GENERAL) • 54,591 SF
      51 Daggett Dr, San Jose, CA 95134-2109
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      75,000 SF

      San Jose Flex/Industrial Building

      74,004 SF building on 5.07 acre lot available now.
      165 Nortech Pkwy, San Jose, CA 95134
      View Details
    • Contact for pricing
      95,550 SF

      San Jose Flex/Industrial Property

      5.5 acre flex/industrial property renovated in 2015.
      250 W Tasman Dr, San Jose, CA 95134
      View Details
    • $33,000,000
      92,864 SF

      San Jose Two-Story Facility

      92,864 SF facility ideal for corporate headquarters or manufacturing.
      2581 Junction Ave, San Jose, CA 95134
      View Details
    • Contact for pricing
      96,154 SF

      San Jose Office Building For Sale

      96,154 SF office building in San Jose, California.
      90 E Tasman Dr, San Jose, CA 95134
      View Details
    • $220,000

      Turnkey Restaurant in San Jose

      Fully equipped restaurant in prime San Jose location for sale.
      3730 N 1St St, San Jose, CA 95134
      View Details
    • $315,000

      San Jose Land For Sale

      Commercial land available in San Jose, California.
      316 Los Encinos St, San Jose, CA 95134
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      39,008 SF

      Class A R&D Campus

      R&D campus featuring five two-story buildings for lease.
      2860 Junction Ave, San Jose, CA 95134
      View Details
    • Contact for pricing
      25,462 SF

      San Jose Flex/Industrial Space

      25,462 SF flex space with office and manufacturing areas.
      40 Daggett Dr, San Jose, CA 95134
      View Details
    • Contact for pricing
      50,485 SF

      Renovated Flex Space Available

      Renovated flex space with convenient access and ample parking.
      2720 Orchard Pkwy, San Jose, CA 95134
      View Details
    • Contact for pricing
      36,538 SF

      Medical Device R&D Facility

      36,538 SF medical device R&D building for lease.
      105 E Tasman Dr, San Jose, CA 95134
      View Details
    • $2 SF/Yr
      20,340 SF

      San Jose R&D Flex Space

      Class A R&D building with easy transportation access.
      71 E Daggett Dr, San Jose, CA 95134
      View Details
    • Contact for pricing
      16,104 SF

      San Jose Flex/Industrial/Office Space

      Flex, industrial, and office space available for lease in San Jose.
      651-655 River Oaks Pkwy, San Jose, CA 95134
      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.
    3151 Zanker Rd
    San Jose, CA 95134
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!