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    12341 San Mateo RD Half Moon Bay, CA 94019

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    Claim this Listing
    For Lease
    $17,000/Mo $32 SF/Yr (calc)

    Commercial Lease - HALF MOON BAY, CA

    Property size:
    6,254 SF
    Lot size:
    1.00 Acre
    Added:
    Jan 22, 2026
    Days on Market:
    92
    Last Refresh:
    Apr 24 at 11:06 am

    Property Features for 12341 San Mateo RD

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    RM0000
    Rooms
    Office
    Parking
    20
    Parking features
    Guest
    Interior features
    Bathroom Features, Wheelchair Access, Other, Other
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    6,254 SF
    Lot size
    1.00 Acre

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1970
    Flooring type
    Concrete, Hardwood, Laminate, Tile
    Roof type
    Composition, Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Kulda Group

    Listing agent Kulda Group License #70010081

    Listing office KW Advisors 1430 Howard Avenue, Burlingame, CA

    Listing date Jan 22, 2026

    MLS# ML82032213 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Half Moon Bay Commercial Lease

    This coastal property, situated along Highway 92 in Half Moon Bay, California, is available for lease. Currently operating as a winery, tasting room, and event venue, the property offers established infrastructure and destination appeal suitable for various commercial and experiential uses. The property, approximately 1 acre in size, includes a one-bedroom home currently used as a short-term vacation rental. Additional spaces include a living room and dining room with a private bathroom, presently utilized for private parties and corporate meetings. The layout is designed for events, featuring both indoor and outdoor gathering areas. Recent improvements have been made to the turnkey property and its amenities. Its location in a well-traveled coastal corridor provides high visibility and easy access to the Bay Area. The property provides ample space for hospitality, production, and guest experiences. The property's configuration and setting allow for transformation into a variety of business concepts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Gym & Fitness Center Department Store Food Market Grocery & Convenience Store Discount Store Furniture & Home Goods Wine and Liquor Store Arcade & Gaming Center Pet Store & Service Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Nantucket Whale Inn — 779 Main St, Half Moon Bay, CA 94019
    • Zaballa House — 324 Main St, Half Moon Bay, CA 94019
    • The Eclipse At Halfmoon — RoseHall Montego Bay, Half Moon Bay, CA 94019

    Location Insight

    • Map
    • Local Demand
    City
    Half Moon Bay
    County
    San Mateo
    State
    California
    Longitude
    -122.404902
    Latitude
    37.478641

    FAQs

    What type of property is this?
    Bed & breakfast - Coastal property operating as winery, tasting room, and event venue.
    Where is this bed & breakfast located?
    The property is located at 12341 San Mateo RD Half Moon Bay, CA.
    What is the lease rate?
    The lease rate is $17,000 /Mo.
    What are key features of this property?
    This property features: High‑visibility location on Hwy 92 with easy access to the Bay Area.; Turnkey property currently operating as a winery, tasting room, and event venue.; Approximately 1 acre in size with vast potential for various commercial uses.
    (650) 560-8663
    We can help!
    Listing Contact
    Kulda Group
    Real Estate License ID: 70010081
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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