1855 Hamilton AveSan Jose, CA 95125

Property Details for 1855 Hamilton Ave

Year built

1980

Construction

WOOD

Lot size

0.77 AC

Property size (Sq ft)

10,179 SF

Zone code

OA

Property type

Office properties

Property subtype

Office buildings

APN

284-21-037

APU

28421037

Description

This exceptional two-story, 10,000 square foot Class B office building presents a compelling opportunity in the heart of San Jose's vibrant Silicon Valley. Located at 1855 Hamilton Avenue, this property boasts a convenient address, just moments from major tech employers like eBay and the popular Pruneyard Shopping Center. The building features elevator service and is currently 50% occupied, offering immediate income potential for investors and significant upside for owner-users. The property's traditional office layout is adaptable to a variety of business needs. With a permitted Commercial Office (CO) zoning designation, the possibilities are numerous. The single building sits on a lot identified by APN 28421037. Its strategic location provides effortless access to major freeways including Highway 17, 87, and I-280, ensuring seamless commutes for employees and clients. The asking price for this well-positioned asset is $5,050,000. This presents a rare chance to acquire a substantial office property in a high-demand area, offering both immediate returns and long-term growth potential. The building's existing occupancy provides a stable foundation, while the vacant space allows for customization and expansion. Don't miss this chance to secure a prime piece of Silicon Valley real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $3,183,769

  6.5%

  $2,938,864

  7%

  $2,728,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,839,025

  Geo Method

  $2,839,025

• Alternative Use

  Use

  Valuation

  Residential

  $3,644,191

  Hospitality

  $3,338,060

  Educational

  $2,777,226

  Medical

  $2,872,740

  Retail

  $4,320,130

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.2949

Longitude

-121.92

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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