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2040 Frst Ave San Jose, CA 95128-4810

OFF-MARKET Office buildings Google Maps
3,682 SF 0.34 ac lot Built 1960
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$1.73M
Range $1.55M – $1.90M (±10%)
Property ID US09-2913301

Property summary

AI-generated overview

This single-story, 3,692 square foot Class C office building at 2040 Forest Ave, San Jose, CA 95128, offers 717 square feet of immediately available space in a multi-tenant building constructed in 1960. Located in Santa Clara County, the property boasts a contemporary design with ample natural light, a versatile layout adaptable to various business needs, and generous square footage for offices, meeting rooms, and storage. Modern amenities include high-speed internet, advanced security, climate control, and ample parking. Its prime location on Forest Ave provides high visibility and easy access to restaurants, cafes, shops, banks, and recreational facilities. Excellent transportation links, including public transit and major highways, ensure convenient commutes. Flexible lease terms and competitive pricing make this an exceptional opportunity for businesses seeking a thriving San Jose location. The property is suitable for medical, traditional, executive, or creative office uses.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction WOOD
Total area 3,682 SF
Lot 0.34 ac (14,729 SF)
Zoning code CO
APN 274-58-026
UPID US09-2913301

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
  • Physician
  • Insurance Agency
  • Pediatrician Physician
  • Physician
  • Dental Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.81M
CAP Approach CAP
$2.13M
Comparable Approach Comparable
$2.59M
Blend (final) Blend
$1.73M

Owner & transaction history

since 2020
Last sale
$2.1M
4 recorded transactions
2020
$2.1M
2019
$2.1M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CO · San Jose, CA
Zoning description

CO Commercial Office District. The CO Commercial Office District is a district in or near residential areas or between residential and commercial areas. This district is intended to be a low-intensity office zone that al…

General category COMMERCIAL
Top alternative use upside
Retail stores $2.0M +16.4%

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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