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Property profile

1801 Smith Ave San Jose, CA 95112

OFF-MARKET
Industrial properties
Property ID
US09-4897053
View Sample
14,400 SF 0.54 ac lot Built 1949
Entity Owned 2-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 9,627 square foot flex warehouse space, part of a larger 22,464 square foot building, is immediately available. Located on Smith Avenue at the corner of Phelan, this property boasts a heavy industrial zoning designation, allowing for 24/7 operation and noise. The space includes 10% climate-controlled office space, thoughtfully divided into three large rooms, a well-appointed kitchenette, and a full bathroom with a tiled shower. Two additional shop bathrooms are conveniently located for employees. A dedicated air compressor room is equipped with power and air distribution systems. High storage capacity is facilitated by a 16x16 roll-up door. Ample assigned parking is included, with additional optional outdoor space available. The building, constructed in 1957, underwent a complete renovation in 2024. The single-story structure is part of a multi-tenant building with a total of two suites. This is an ideal location for businesses requiring a blend of warehouse and office space, benefiting from the property's modern amenities and convenient location within a heavy industrial zone. The property is zoned for heavy industrial use.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1949
Total area 14,400 SF
Lot 0.54 ac (23,488 SF)
Zoning code HI
APN 477-26-016
UPID US09-4897053

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Agricultural Supply Food Market
  • General Contractor
  • Recycling Center Waste Management Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.70M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.71M

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2005
$975,000
2001
Price N/A
1998
$640,000
1998
$650,000
1997
Price N/A
1991
$114,500

Zoning & alternative use

HI · San Jose, CA
Zoning description

HI Heavy Industrial. The Heavy Industrial zoning designation is intended for industrial uses with nuisance or hazardous characteristics which for reasons of health, safety, environmental effects, or general welfare are b…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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