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Property profile & analytics
OFF-MARKET Estimated value $1,885,000
Office buildings

320 3rd St San Jose, CA 95112-3648

5,080 SF 0.14 ac lot Built 1950
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-0149785
Property summary
AI-generated overview

This exceptional 5,080 square foot, two-story Class A medical office building is ideally situated in downtown San Jose, California, at 320 S 3rd St, zip code 95112. Currently vacant, this owner-user opportunity presents a unique chance to acquire a property zoned Downtown Primary Commercial (DC) in Santa Clara County. The building boasts ample onsite parking located behind the structure, a significant advantage in a bustling urban environment. Its versatile zoning allows for a variety of uses, including office, medical, retail, daycare, schools, personal services, veterinary clinics, and religious facilities (buyer to verify permitted uses with the City of San Jose). The property's prime location offers convenient access to a wealth of downtown restaurants and retail amenities, enhancing its appeal and potential for high occupancy. This investment is further enhanced by its location within an Opportunity Zone, presenting potential tax advantages. The asking price for this remarkable property is $2,500,000.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Construction WOOD
Total area 5,080 SF
Lot 0.14 ac (6,302 SF)
Zoning code CG
APN 467-45-029
UPID US10-0149785
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
  • Law Office of Robert Thayer Law Firm
  • San Jose Concrete Co Construction Company General Contractor
  • Arnone Elisha L Law Firm
  • Thomas Salter & Lyding Law Firm
  • Estes-Zako & Associates Investigations Law Firm Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.49M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.89M
Owner & transaction history
Leo Conway · 1 yrs held
Leo Conway
since 2025
Last sale
$1.8M
5 recorded transactions
2025
$1.8M
2021
Price N/A
2019
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CG · San Jose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $2.3M +42.1%
Apartment house (5+ units) $1.9M +19.0%
Retail stores $1.9M +14.6%
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