5970 Optical CtSan Jose, CA 95138

Property Details for 5970 Optical Ct

Year built

2002

Lot size

7.49 AC

Property size (Sq ft)

128,520 SF

Zone code

IP

Property type

Industrial properties

APN

678-07-042

APU

67807042

Description

This exceptional 129,221-square-foot industrial property, ideally situated in San Jose, presents a unique opportunity for research and development businesses. The building boasts a two-story office component, providing ample space for administrative functions and collaborative work environments. The expansive industrial space features two grade-level loading docks equipped with roll-up doors, ensuring efficient loading and unloading operations. The property is zoned IP (Industrial), allowing for a wide range of industrial uses. Power is robust, with 4000 amps available via two main breakers, catering to the demands of advanced manufacturing or high-energy consumption operations. Parking is conveniently provided at a ratio of 2.8 spaces per 1000 square feet. The location offers unparalleled access to major transportation arteries, including proximity to Caltrain, VTA transit, and San Jose International Airport, facilitating seamless commutes and logistics. Furthermore, the property benefits from an abundance of nearby amenities, enhancing the overall convenience and appeal for employees and visitors. Its strategic location, just one mile north of the intersection of Highway 101 and Highway 85, and a short 12-mile drive from San Jose International Airport, ensures excellent connectivity and accessibility. This high-bay facility is ready for immediate occupancy, offering a modern and efficient workspace for a discerning tenant. The property's features make it an ideal location for businesses seeking a state-of-the-art facility in a prime San Jose location.

• CAP approach

  CAP return

  Valuation

  6%

  $81,789,300

  6.5%

  $75,497,800

  7%

  $70,105,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $57,352,800

  Geo Method

  $57,352,800

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $39,453,000

  Mixed-Use / Specialty

  $39,894,000

  Hospitality / Lodging

  $30,026,200

  Office

  $40,262,800

  Institutional / Educational

  $41,681,600

  Residential Income

  $48,767,400

  Multifamily

  $55,264,500

  Automotive / Energy

  $35,727,100

  Parking / Income-Based Land

  $11,754,300

  Restaurant / Food Service

  $21,990,500

  Healthcare / Senior Housing

  $40,314,100

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.254

Longitude

-121.782

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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