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    23 Las Colinas Ln San Jose, CA 95119
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    Property profile & analytics

    23 Las Colinas Ln, San Jose, CA 95119

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    • Industrial properties
    • 30,720 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • StandardGates / Industrial Manufacturer / Production Facility
    • Ace Seal / Factory / Chemical Plant
    • Solar Technologies / Solar Energy Company
    • Nelon Japanese Regional Restaurant / Restaurant
    • Envision Green Tech / Production Facility

    Property Details for 23 Las Colinas Ln

    Year built
    1985
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    Great Oaks Business Park offers exceptional flex space in San Jose, CA. This single-story, 30,720 square foot industrial building, constructed in 1985, features 18-foot ceilings and is conveniently located at 23 Las Colinas Lane, near Great Oaks Blvd, in the 95119 zip code. The property currently has 12,066 square feet of vacant space available, divisible into units ranging from a minimum of 2,413 square feet to a maximum contiguous space of 7,240 square feet. Multiple tenancy is possible, making it ideal for a variety of businesses. The ample parking provides a generous 2.7 spaces per 1,000 square feet. This prime location in Santa Clara County offers easy access to major transportation routes and a thriving business community. The property's flexible layout and modern amenities make it an attractive option for companies seeking efficient and adaptable workspace. The building's single-story design ensures easy accessibility and convenient loading and unloading. This is a rare opportunity to secure high-quality industrial space in a desirable San Jose location. Contact us today to learn more about leasing options and availability.

    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
    -121.778
    Latitude
    37.239

    Comparable in this City

    • Value Estimation by Request
      83,588 SF

      6276-6300 San Ignacio Ave

      Flex space
      6276-6300 San Ignacio Ave, San Jose, CA 95119
      View Details
    • Value Estimation by Request
      83,588 SF

      6292 San Ignacio Ave

      Flex space
      6292 San Ignacio Ave, San Jose, CA 95119
      View Details
    • Value Estimation by Request
      83,588 SF

      6280 San Ignacio Ave

      Flex space
      6280 San Ignacio Ave, San Jose, CA 95119
      View Details
    • Value Estimation
      $3,900,000
      30,720 SF

      15 Great Oaks Blvd

      LIGHT INDUSTRIAL
      15 Great Oaks Blvd, San Jose, CA 95119-1242
      View Details
    • Value Estimation
      $1,205,000
      7,610 SF

      83 Great Oaks Blvd

      CONDOMINIUMS (INDUSTRIAL)
      83 Great Oaks Blvd, San Jose, CA 95119-1311
      View Details
    • Value Estimation
      $20,745,000
      103,680 SF

      140 Great Oaks Blvd

      INDUSTRIAL (GENERAL)
      140 Great Oaks Blvd, San Jose, CA 95119-1347
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      South San Jose

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      5,820 SF

      San Jose Flex/Industrial Space

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      Corner Unit Flex Space Available

      Flex space with offices and warehouse, highway access.
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    • $0.99 SF/Yr
      82,574 SF

      San Jose Flex/Industrial/Office Space

      Two-story office, R&D, and lab space near highways and transit.
      6377 San Ignacio Ave, San Jose, CA 95119
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    • Contact for pricing
      2,081 SF

      San Jose Warehouse with Offices

      Corner warehouse unit with offices and mezzanine for lease.
      6292 San Ignacio Ave, San Jose, CA 95119
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    • Contact for pricing
      2,413 SF

      San Jose Warehouse Space Available

      Warehouse space with 2,413 square feet available for lease.
      23 Las Colinas Ln, San Jose, CA 95119
      View Details
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    San Jose, CA 95119
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    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
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