840 The AlamedaSan Jose, CA 95126

Property Details for 840 The Alameda

Year built

1936

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

2,880 SF

Zone code

CP

Property type

Office properties

Property subtype

Office buildings

APN

261-33-021

APU

26133021

Description

This exceptional 3,783 square foot office building, located at 840 The Alameda in San Jose, California, presents a unique investment opportunity. The property sits on a 5,881 square foot lot (APN: 261-33-021 & 261-33-021) and is zoned CP. A recent, comprehensive renovation has brought all major building systems, utilities, roof, parking lot, facade, and structural components to modern standards. The building boasts rare gate-secured on-site parking, a significant advantage in this desirable area. Currently occupied by a reputable, creditworthy tenant under a long-term lease, this property offers both immediate income and strong long-term potential. Its prime location offers unparalleled convenience, being within walking distance of Google's San Jose revitalization project, Diridon Station, and the SAP Center. Easy freeway access to Highways 87, 280, and 880 ensures seamless commutes for employees and clients. This is a truly exceptional opportunity to acquire a meticulously maintained, high-value commercial property in a rapidly growing area of Silicon Valley. The asking price is $2,575,000.

• CAP approach

  CAP return

  Valuation

  6%

  $900,801

  6.5%

  $831,509

  7%

  $772,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $803,261

  Geo Method

  $803,261

• Alternative Use

  Use

  Valuation

  Residential

  $1,031,071

  Hospitality

  $944,455

  Educational

  $785,776

  Medical

  $812,800

  Retail

  $1,222,318

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.3315

Longitude

-121.906

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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