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100% Leased Investment-5.66% Cap Rate 652-670 E Santa Clara St 6,825 SF 100% Leased Office Building San Jose, CA 95112 $3,495,000 ($512.09/SF) 5.66% Cap Rate
Investment Highlights
- Excellent leased investment opportunity
- Well maintained building
- Attractive facade
- Excellent 1031 Exchange Opportunity
Executive Summary
Avison Young is pleased to present this quality mixed-use office and residential facility with an unparalleled location in San Jose’s Central Business District (CBD) at 652-670 E Santa Clara Street. This well maintained building offers five medical office suites and two residential units for a total of 6,825 square feet. The site’s general commercial zoning also facilitates a variety of office or retail uses.
652-670 E Santa Clara Street provides an income-producing investment with top-quality features. Delivered approximately 90% occupied by a diverse tenant mix, the building is home to a dental practice, skin doctor, a laser skin care studio, and a medical services business. The dental suite boasts upscale fixtures across a large reception room, a private office, a large lab/ sterilization room, and four operatories, including two that are fully operational. The building is defined by its attractive Spanish-influenced exteriors, a four-car parking garage, and bright interiors with large windows.
652-670 E Santa Clara Street places businesses in a highly visible and easily accessible location just off the main commercial corridor of Downtown San Jose. More than 18,000 vehicles pass by the property each day, delivering robust brand exposure. The building is close to the 101, 280, 680, and 880 Freeways and the San Antonio Light Rail Station, providing convenient access for commuting employees or clients. The area provides national shopping and dining options nearby, including Whole Foods, Walgreens, Starbucks, Subway, Chipotle, 7-Eleven, and many more. An immense built-in customer base surrounds the property, driven by the nearby San Jose State University, with over 36,000 enrolled students and 3,500 staff, and a 5-mile population exceeding 266,000. The San Jose Regional Medical Center also sits just 10 minutes away, empowering synergistic healthcare businesses.
Sitting just five minutes from the city center, employees and clients at 652-670 E Santa Clara Street have easy access to the area’s best-in-class shopping, dining, nightlife, and recreation across Downtown San Jose. Situated in the heart of Silicon Valley, Downtown San Jose is the city’s cultural core. The neighborhood comprises a slew of museums, theaters, bars, restaurants, and shops. Among the many attractions in Downtown San Jose are Tech Interactive, the San Jose Center for the Performing Arts, the San Jose Convention Center, and the Children’s Discovery Museum of San Jose.
652-670 E Santa Clara Street provides an income-producing investment with top-quality features. Delivered approximately 90% occupied by a diverse tenant mix, the building is home to a dental practice, skin doctor, a laser skin care studio, and a medical services business. The dental suite boasts upscale fixtures across a large reception room, a private office, a large lab/ sterilization room, and four operatories, including two that are fully operational. The building is defined by its attractive Spanish-influenced exteriors, a four-car parking garage, and bright interiors with large windows.
652-670 E Santa Clara Street places businesses in a highly visible and easily accessible location just off the main commercial corridor of Downtown San Jose. More than 18,000 vehicles pass by the property each day, delivering robust brand exposure. The building is close to the 101, 280, 680, and 880 Freeways and the San Antonio Light Rail Station, providing convenient access for commuting employees or clients. The area provides national shopping and dining options nearby, including Whole Foods, Walgreens, Starbucks, Subway, Chipotle, 7-Eleven, and many more. An immense built-in customer base surrounds the property, driven by the nearby San Jose State University, with over 36,000 enrolled students and 3,500 staff, and a 5-mile population exceeding 266,000. The San Jose Regional Medical Center also sits just 10 minutes away, empowering synergistic healthcare businesses.
Sitting just five minutes from the city center, employees and clients at 652-670 E Santa Clara Street have easy access to the area’s best-in-class shopping, dining, nightlife, and recreation across Downtown San Jose. Situated in the heart of Silicon Valley, Downtown San Jose is the city’s cultural core. The neighborhood comprises a slew of museums, theaters, bars, restaurants, and shops. Among the many attractions in Downtown San Jose are Tech Interactive, the San Jose Center for the Performing Arts, the San Jose Convention Center, and the Children’s Discovery Museum of San Jose.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$251,460
|
$36.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$251,460
|
$36.84
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$54,293
|
$7.96
|
| Net Operating Income |
$197,167
|
$28.89
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $251,460 |
| Annual Per SF | $36.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $251,460 |
| Annual Per SF | $36.84 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $54,293 |
| Annual Per SF | $7.96 |
| Net Operating Income | |
|---|---|
| Annual | $197,167 |
| Annual Per SF | $28.89 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,825 SF
Building Class
C
Year Built/Renovated
1945/2007
Price
$3,495,000
Price Per SF
$512.09
Cap Rate
5.66%
NOI
$197,817
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,413 SF
Building FAR
0.98
Lot Size
0.16 AC
Zoning
CG - The property is zoned CG (Commercial General). Allowed uses include dental/medical uses, general office, business support, hotel/motel, general retail
Parking
4 Spaces (0.59 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Dai Tu Phan
- -
- -
- -
- -
- DO Rx Pharmacy
- Retailer
- -
- -
- -
- Dr. Kabil
- Services
- -
- -
- -
-
- Health Care and Social Assistance
- -
- -
- -
Elite Dental Partners assists dental practices with the non-clinical challenges they face by providing industry proven business management support services. They collaborate with their affiliated dentists to scale businesses while improving efficiency and profitability. And they have fun while doing it. They’re a little different from your standard dental service organization. Historically their focus is to be very clinician centric while still allowing for the individuality of each practice and each clinician to shine. They are not here to standardize your practice — They’re here to support it. Dentists are passionate about patient care, so with them taking care of the administrative side of a practice, dentists can just focus on dentistry. It goes far beyond dentistry too. The scale of their network allows them access to continuing education, certifications, and leadership development.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Dai Tu Phan | - | - | - | - | ||
| DO Rx Pharmacy | Retailer | - | - | - | ||
| Dr. Kabil | Services | - | - | - | ||
|
|
Health Care and Social Assistance | - | - | - |
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 467-27-010 | Improvements Assessment | $880,050 (2025) |
| Land Assessment | $735,560 (2025) | Total Assessment | $1,615,610 (2025) |
Property Taxes
Parcel Number
467-27-010
Land Assessment
$735,560 (2025)
Improvements Assessment
$880,050 (2025)
Total Assessment
$1,615,610 (2025)
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100% Leased Investment-5.66% Cap Rate | 652-670 E Santa Clara St
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