Property profile

1869 Concourse Dr San Jose, CA 95131

OFF-MARKET
Industrial properties
Property ID
US09-0125799
3,351 SF 0.23 ac lot Built 2004
Trust Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3,351 square foot commercial property, located at 1869 Concourse Drive in San Jose, California, presents a unique opportunity for a single tenant. Situated in Santa Clara County, zip code 95131, this versatile space is ideal for businesses seeking a blend of executive office and flex space. The property boasts a generous 21-foot ceiling height, providing ample room for various configurations and maximizing potential. Classified as Retail, Office, and Industrial, this building offers significant flexibility for a wide range of commercial uses. The property is currently entirely vacant, allowing for complete customization to suit specific business needs. Parking is readily available, with a ratio of 3.6 spaces per 1,000 square feet. The convenient San Jose location offers easy access to major transportation routes and a thriving business community. This single-tenant occupancy ensures privacy and control over the entire space. Don't miss this chance to secure a prime commercial property in a desirable location. Contact us today to schedule a viewing.

Property profile

Verified
Property type Industrial properties
Use group CONDOMINIUMS (INDUSTRIAL)
Year built 2004
Construction WOOD
Total area 3,351 SF
Lot 0.23 ac (9,901 SF)
Zoning code IP
APN 244-43-043
UPID US09-0125799

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
  • Marketing & Advertising Advertising Agency

Location

1869 Concourse Dr San Jose, CA 95131-1729
San Jose metro Census 504322 SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$860k
Comparable Approach Comparable
$596k
Blend (final) Blend
$755k

Owner & transaction history

since 2015
4 recorded transactions
2015
Price N/A
2013
Price N/A
2006
Price N/A
2006
Price N/A

Zoning & alternative use

IP · San Jose, CA
Zoning description

An important difference between this designation and the IP Industrial Park designation is that the site design for development in the TEC Transit Employment Center District should support more intensive, transit-oriente…

General category INDUSTRIAL
Top alternative use upside
Office building $1.1M +3.8%

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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