Millbrae, CA Commercial Real Estate for Sale

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Millbrae Grocery Store Business Opportunity
Updated: Nov 21, 2025
Millbrae Grocery Store Business Opportunity

123 El Camino Real, Millbrae, CA 94030

$100,000
4,977 sqft
Established Asian grocery store business opportunity in downtown Millbrae.
Includes equipment and fixtures.
Comes with 3 vehicles for delivery services.
Features an existing online store.
Includes 2 small warehouses (approx. 100‑150 sq. ft. each).
View details
Mixed-Use Development Site Near Transit
Updated: May 1, 2025
Mixed-Use Development Site Near Transit

186 El Camino Real, Millbrae, CA 94030

$3,390,000
6,200 sqft
Prime development site in the Millbrae Station Area Specific Plan.
Zoning allows for an impressive 120‑foot building height.
Suitable for a mixed‑use building with residential units and a large commercial space.
Corner lot with wide frontage.
Walking distance to BART and light‑rail stations.
View details
Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 2 Active listings in Millbrae, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Third-Floor Office Condo with Balcony
Third-Floor Office Condo with Balcony

345 Lorton AVE 304, Burlingame, CA 94010

$875,000
720 sqft

Open office suite with a kitchenette, private outdoor space, and assigned underground parking in a maintained commercial building.

View details
Office-Flex Building with Roll-Up Doors
Office-Flex Building with Roll-Up Doors

838 Mitten Road, Burlingame, CA 94010

Contact for pricing
13,552 sqft

Move-in ready office and warehouse space zoned innovative industrial with gated parking and fully sprinklered interior.

View details
Retail Space for Sale
Retail Space for Sale

430 El Camino Real, San Bruno, CA 94066

Contact for pricing
1,052 sqft

Retail property offered for sale with approximately 1,052 sq. ft. of space.

View details
Korean BBQ Restaurant with Table Hoods
Korean BBQ Restaurant with Table Hoods

San Bruno, CA 94066

$395,000
0.16 AC lot

The dining operation includes a beer and wine license, a fully equipped kitchen, and individual table hoods.

View details

Off-Market Properties in Millbrae, CA

Consider similar Off-Market properties in Millbrae, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

15 Broadway
APARTMENT HOUSE (5+ UNITS)

15 Broadway, Millbrae, CA 94030-3050

Estimated value:
$1,570,000
6,684 sqft 0.19 AC lot
View details
234 Broadway, Unit 236
RETAIL STORES (PERSONAL SERVICES)

234 Broadway, Millbrae, CA 94030-2585

Unit 236
Estimated value:
$260,000
0.06 AC lot
View details
95 Murchison Dr
GROCERY, SUPERMARKET

95 Murchison Dr, Millbrae, CA 94030

Estimated value:
$11,045,000
51,795 sqft 3.08 AC lot
View details
135 El Camino Real
RETAIL STORES (PERSONAL SERVICES)

135 El Camino Real, Millbrae, CA 94030-3122

Estimated value:
$1,780,000
7,400 sqft 0.67 AC lot
View details
45 El Camino Real
RETAIL STORES (PERSONAL SERVICES)

45 El Camino Real, Millbrae, CA 94030-3124

Estimated value:
$2,910,000
14,093 sqft 0.71 AC lot
View details
1621 El Camino Real
RETAIL STORES (PERSONAL SERVICES)

1621 El Camino Real, Millbrae, CA 94030-1214

Estimated value:
$1,790,000
0.08 AC lot
View details
424 Richmond Dr
APARTMENT HOUSE (5+ UNITS)

424 Richmond Dr, Millbrae, CA 94030-1637

Estimated value:
$4,985,000
11,820 sqft 0.28 AC lot
View details
310 Broadway
RETAIL STORES (PERSONAL SERVICES)

310 Broadway, Millbrae, CA 94030-2510

Estimated value:
$265,000
0.06 AC lot
View details
50 Broadway
APARTMENT HOUSE (5+ UNITS)

50 Broadway, Millbrae, CA 94030-2552

Estimated value:
$305,000
5,766 sqft 0.14 AC lot
View details
237 Broadway
STORE/OFFICE (MIXED USE)

237 Broadway, Millbrae, CA 94030-2507

Estimated value:
$1,845,000
0.06 AC lot
View details
243 Broadway
RETAIL STORES (PERSONAL SERVICES)

243 Broadway, Millbrae, CA 94030-2507

Estimated value:
$280,000
0.06 AC lot
View details
255 Broadway
RETAIL STORES (PERSONAL SERVICES)

255 Broadway, Millbrae, CA 94030-2507

Estimated value:
$1,350,000
0.11 AC lot
View details
230 Harriet Tubman Way
MANUFACTURING (LIGHT)

230 Harriet Tubman Way, Millbrae, CA 94030-3103

Estimated value:
$10,895,000
19,657 sqft 0.69 AC lot
View details
1019 Magnolia Ave
APARTMENT HOUSE (5+ UNITS)

1019 Magnolia Ave, Millbrae, CA 94030-1902

Estimated value:
$440,000
11,231 sqft 0.28 AC lot
View details
491 Richmond Dr
APARTMENT HOUSE (5+ UNITS)

491 Richmond Dr, Millbrae, CA 94030-1640

Estimated value:
$385,000
8,684 sqft 0.20 AC lot
View details
235 Broadway
RESTAURANT

235 Broadway, Millbrae, CA 94030-2507

Estimated value:
$425,000
4,280 sqft 0.11 AC lot
View details
239 El Camino Real
RETAIL STORES (PERSONAL SERVICES)

239 El Camino Real, Millbrae, CA 94030

Estimated value:
$310,000
0.12 AC lot
View details
481 Lincoln Cir
APARTMENT HOUSE (5+ UNITS)

481 Lincoln Cir, Millbrae, CA 94030-1762

Estimated value:
$3,100,000
10,371 sqft 0.16 AC lot
View details
25 Broadway
APARTMENT HOUSE (5+ UNITS)

25 Broadway, Millbrae, CA 94030-3051

Estimated value:
$340,000
7,377 sqft 0.19 AC lot
View details
485 Broadway
PROFESSIONAL BUILDING

485 Broadway, Millbrae, CA 94030-1923

Estimated value:
$1,075,000
3,620 sqft 0.17 AC lot
View details
440 Richmond Dr
APARTMENT HOUSE (5+ UNITS)

440 Richmond Dr, Millbrae, CA 94030-1644

Estimated value:
$3,020,000
6,831 sqft 0.15 AC lot
View details
317 El Camino Real
RETAIL STORES (PERSONAL SERVICES)

317 El Camino Real, Millbrae, CA 94030-2609

Estimated value:
$2,000,000
0.07 AC lot
View details

Millbrae, CA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Millbrae, CA on our real estate platform. These investment opportunities span a total of 11,177 square feet of properties for sale, with an estimated market value of $3,490,000.

Sale prices for business properties in Millbrae, CA start at $100,000, averaging $1,745,000, and reaching up to $3,390,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 23K
Population Growth (5Y) -0.5%
Median Household Income $157,567
College Educated 71.5%

High-Yield Neighborhoods for Investment

Identify Millbrae submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
94030 $1.7M

Taxes & Financing

Tax Rate (average for all types) 1.41%
Property Tax per SF $7.25 per SF
Tax Rate vs County Average 0.24 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in San Mateo County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in San Mateo County

Retail

Residential Income

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