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Property profile

1937 Concourse Dr San Jose, CA 95131

OFF-MARKET
Industrial properties
Property ID
US10-3102075
View Sample
3,196 SF 0.22 ac lot Built 2004
Entity Owned ~ Est. High Equity

Property summary

AI-generated overview

This impeccably maintained 3,196 sq ft warehouse in San Jose, CA (95131), built in 2004, is available for sale or lease. Located in the Commerce Venture Center in North San Jose, this Class B property sits on a 0.22-acre lot (APN 244-43-051) and is zoned IP, offering versatile usage options. The building features a 24-foot ceiling height, a roll-up door, and ample space, including approximately 650 square feet of office space on both the first and second floors. Additional features include two restrooms and a sprinkler system. The property is currently vacant and ready for occupancy on October 1, 2024. The asking price is $1,600,000, and the lease type is gross. This single-unit, two-story building presents a strong investment opportunity in a thriving market. The property's previous use included a church reception area and conference room, showcasing its adaptability. This is a rare opportunity to acquire a well-maintained industrial space with significant office components in a desirable San Jose location.

Property profile

Verified
Property type Industrial properties
Use group CONDOMINIUMS (INDUSTRIAL)
Year built 2004
Construction WOOD
Total area 3,196 SF
Lot 0.22 ac (9,443 SF)
Zoning code IP
APN 244-43-051
UPID US10-3102075

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
  • Church Mosque
  • Landscaping General Contractor
  • Electronics & Wireless Store (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$820k
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.14M

Owner & transaction history

since 2025
Last sale
$1.6M
2 recorded transactions
2025
$1.6M
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
Retail stores $1.5M +52.1%
Warehouse, storage $1.5M +45.5%
Office building $1.0M +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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