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Property profile & analytics
FOR LEASE
Office buildings

2460 1St St N San Jose, CA 95131

145,144 SF 6.84 ac lot Built 1986
Entity Owned 7-yr Hold Free & Clear
Property ID
US09-1930324
Property summary
AI-generated overview

This exceptional two-story executive office building, located at 2460 N First St, San Jose, CA 95131, offers a significant opportunity for businesses seeking premium space in Santa Clara County. The North First Office Center boasts a total of 74,883 square feet, with a substantial 36,997 square feet currently available for lease. Built in 1984, the property sits on a generous 6.839-acre lot and provides ample parking with approximately 3.5 parking spaces per unit. The building's convenient location near Charcot Ave ensures easy access for employees and clients. The property is ideally suited for multiple tenants, offering flexibility and scalability for growing businesses. The available space presents a unique chance to establish a prominent presence in a thriving San Jose business district. This is a multi-tenant building with executive office space, perfect for companies seeking a prestigious address and modern amenities. The property's size and location make it an attractive option for a variety of businesses. The significant amount of vacant space allows for customization and tenant build-out to meet specific needs. Contact us today to learn more about this exceptional leasing opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Construction TILT-UP CONCRETE
Total area 145,144 SF
Lot 6.84 ac (297,950 SF)
Zoning code IP(PD
APN 237-22-066
UPID US09-1930324
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Division of Equity and Social Justice Government Office
  • County of Santa Clara - Office of Labor Standards Enforcement Local Government Office
  • County of Santa Clara, Office of LGBTQ Affairs County Government Office Service Establishment
  • Kokusai Semiconductor Industrial Manufacturer
  • Silicon Valley Leadership Group Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$57.74M
Blend (final) Blend
$57.78M
Owner & transaction history
Firstcom LLC · 7 yrs held
Firstcom LLC
since 2019
6 recorded transactions
2019
Price N/A
2019
$54.1M
2016
$34.2M
2007
Price N/A
1993
Price N/A
1969
Price N/A
Zoning & alternative use
IP(PD · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $69.4M +46.5%
Warehouse, storage $66.4M +40.2%
Apartment house (5+ units) $53.2M +12.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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