Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2856 Joseph Ave Campbell, CA 95008-6242

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2856 Joseph Ave Campbell, CA 95008-6242

    View on Map
    • Apartment buildings
    • 5,152 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Dec 24, 2024
    $2,100,000
    Property ID
    US09-0860029
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,885,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2856 Joseph Ave

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Property size
    5,152 SF
    Zone code
    RM
    Property type
    Apartment buildings
    APN
    414-05-007
    APU
    41405007

    Description

    This exceptional 5,152 square foot commercial property, situated on a 0.2-acre lot at 2856 Joseph Avenue in Campbell, CA, presents a compelling investment opportunity. Its prime location offers easy access to the vibrant Bascom Avenue shopping district, the popular Pruneyard shopping center, and the charming downtown Campbell area, ensuring high visibility and strong tenant demand. The property currently boasts a stable roster of long-term tenants, minimizing vacancy risks and providing a consistent income stream. Should any units become vacant, the property's desirable location ensures rapid re-leasing. The building's 5,152 square feet offer ample space for a variety of commercial uses, making it an adaptable and versatile investment. The 0.2-acre lot provides ample parking and potential for future expansion or development. This property represents a rare chance to acquire a well-located, income-producing commercial asset in a thriving California market. The asking price of $2,300,000 reflects the property's strong potential for both immediate returns and long-term appreciation. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,630,000
      6.5%
      $1,505,000
      7%
      $1,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,836,000
      Market price range: $1.05M - $2.51M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,115,000
      Current use
      OFFICE BUILDING
      $2,950,000
      Change: +40% Conversion: Moderate
      RETAIL STORES
      $2,315,000
      Change: +9% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,070,000
      Change: -2% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,830,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Campbell
    County
    Santa Clara
    State
    California
    Longitude
    -121.939
    Latitude
    37.2704
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $20,790
    $628,023
    $753,628
    $1,381,651
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      Nido Dr

      APARTMENT HOUSE (5+ UNITS) • 0.21 Acres
      Nido Dr, Campbell, CA 95008
      View Details
    • Value Estimation
      $7,535,000
      45,328 SF

      200 Hollis Ave

      APARTMENT HOUSE (5+ UNITS) • 45,328 SF
      200 Hollis Ave, Campbell, CA 95008-4854
      View Details
    • Value Estimation
      $1,690,000
      12,210 SF

      2895 Joseph Ave

      APARTMENT HOUSE (5+ UNITS) • 12,210 SF
      2895 Joseph Ave, Campbell, CA 95008-6214
      View Details
    • Value Estimation
      $1,340,000
      9,228 SF

      625 Nido Dr

      APARTMENT HOUSE (5+ UNITS) • 9,228 SF
      625 Nido Dr, Campbell, CA 95008-4856
      View Details
    • Value Estimation
      $3,555,000
      20,188 SF

      66 Rincon Ave

      APARTMENT HOUSE (5+ UNITS) • 20,188 SF
      66 Rincon Ave, Campbell, CA 95008-2834
      View Details
    • Value Estimation
      $1,720,000
      8,004 SF

      3645 Bascom Ave

      APARTMENT HOUSE (5+ UNITS) • 8,004 SF
      3645 Bascom Ave, Campbell, CA 95008-7096
      View Details

    Similar Nearby for Sale

    • $4,300,000

      Renovated Apartments in Downtown Campbell

      Turn-key, renovated nine-unit apartment complex near Downtown Campbell.
      430 Dunster Dr, Campbell, CA 95008
      View Details
    • $4,300,000
      6,204 SF

      Renovated Apartment Community in Campbell

      Recently renovated nine-unit apartment community near Downtown Campbell.
      430 Dunster Dr, Campbell, CA 95008
      View Details
    • $1,950,000

      Campbell Multifamily Investment Opportunity

      Four-unit property near amenities with income potential.
      786 Sharmon Palms Ln, Campbell, CA 95008
      View Details
    • $4,200,000
      4,124 SF

      Versatile Commercial Building in Campbell

      Adaptable 4,124 SF commercial building suitable for diverse business ventures.
      1600 Winchester Blvd, Campbell, CA 95008
      View Details
    • Contact for pricing
      4,500 SF

      Functional Owner/User Facility For Sale

      Excellent owner/user facility with functional rear yard space.
      1550 La Pradera Dr, Campbell, CA 95008
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Campbell, California.
      1501 W Campbell Ave, Campbell, CA 95008
      View Details
    • Contact for pricing

      Campbell Flex Space with Yard

      Flex space with fenced yard and painting booth.
      180 E Sunnyoaks Ave, Campbell, CA 95008
      View Details
    • Contact for pricing
      730 SF

      Downtown Campbell Second Floor Office

      Second floor office space in downtown Campbell available for rent.
      175 E Campbell Ave, Campbell, CA 95008
      View Details
    • Contact for pricing
      7,270 SF

      Campbell Retail Space For Lease

      Second floor retail space with strong signage opportunity.
      990 S Bascom Ave, Campbell, CA 95008
      View Details
    • Contact for pricing
      43,391 SF

      Four-Story Office Building with Parking

      Four-story office building with structured parking and EV charging stations.
      1700 Dell Ave, Campbell, CA 95008
      View Details
    • Contact for pricing
      9,645 SF

      Campbell Office and Lab Space

      Office and lab space available for lease in Campbell.
      271-275 E Hacienda Ave, Campbell, CA 95008
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2856 Joseph Ave
    Campbell, CA 95008-6242
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!