Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    39 Madera San Carlos, CA 94070

    View on Map
    Claim this Listing
    For Sale
    $649,000

    Residential Lots & Land - SAN CARLOS, CA

    Lot size:
    0.20 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 16 at 3:06 am

    Property Features for 39 Madera

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    Lot size
    0.20 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John S Reese

    Listing agent John S Reese License #00838479

    Listing office Intero Real Estate Services 661 El Camino Real #103, Cupertino, CA

    Listing date Apr 1, 2026

    MLS# ML82036633 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

    San Carlos Residential Land Opportunity

    This is a rare opportunity to own one of the few remaining undeveloped parcels in San Carlos. The property is ideally located just minutes from the shops, dining, and charm of downtown and Laurel Avenue. This setting offers potential bay views and the perfect canvas to design a custom home. San Carlos is known for its schools, community atmosphere, boutique shopping, diverse restaurants, and convenient access to major transportation routes. The lot size is 0.2043 acres. The property is zoned R1. This property is located in San Mateo County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    San Carlos
    County
    San Mateo
    State
    California
    Longitude
    -122.270325
    Latitude
    37.498974

    Nearby Similar for Sale

    • $520,000

      San Carlos Land with Bay Views

      Two residential lots totaling 0.38 acres with scenic views.
      401 Winding Way, San Carlos, CA 94070
      View Details
    • $3,536,250
      6,150 SF

      San Carlos Industrial Building For Sale

      6,150 SF building on two parcels near shopping.
      1380 Industrial Rd, San Carlos, CA
      View Details
    • $2,030,000
      4,060 SF

      Office & Warehouse Space Available

      4,060 SF flex space with office and warehouse components.
      1100 Industrial Road, San Carlos, CA, 94070
      View Details
    • $43,000
      700 SF

      San Carlos Retail Opportunity

      Retail space with spa and nail stations in San Carlos.
      1620 El Camino Real c, SAN CARLOS, CA 94070
      View Details
    • $4,500,000
      7,568 SF

      Freestanding Retail on El Camino

      High-exposure retail property near downtown San Carlos and Caltrain.
      280 El Camino Real, San Carlos, CA
      View Details
    • $24,972,000
      43,689 SF

      Standalone NNN Supermarket in San Carlos

      NNN leased supermarket in affluent Silicon Valley neighborhood.
      1133 Old County Rd, San Carlos, CA
      View Details
    • $2,275,000
      4,390 SF

      San Carlos Multifamily Property

      Spacious apartments with modern amenities in San Carlos, CA.
      1122 Bush Street, SAN CARLOS, CA 94070
      View Details
    • $1,995,000
      2,030 SF

      Commercial Property on El Camino

      Commercial property for sale with high visibility location.
      1124 El Camino Real, San Carlos, CA 94070
      View Details
    • $129,888

      Liquor Store Business Opportunity

      Established liquor store for sale in San Carlos, California.
      1117 Laurel Street, San Carlos, CA 94070
      View Details
    • Contact for pricing
      947 SF

      San Carlos Office Space For Sale

      Office space with open floor plan and El Camino Real frontage.
      1001 Laurel St, San Carlos, CA
      View Details
    • $3,526,984
      7,877 SF

      San Carlos 7-Unit Multifamily Property

      7-unit building in vibrant San Carlos, great location.
      552 Walnut Street, SAN CARLOS, CA 94070
      View Details
    • Contact for pricing

      San Carlos Land Opportunity

      Land available in San Carlos, California.
      626-648 Walnut St, San Carlos, CA 94070
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Undeveloped parcel in San Carlos, build your dream home.
    Where is this residential land & home lot located?
    The property is located at 39 Madera San Carlos, CA.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Rare undeveloped parcel in highly desirable San Carlos.; Potential bay views.; Minutes from downtown San Carlos and Laurel Avenue shops and dining.
    (650) 207-2318
    We can help!
    Listing Contact
    John S Reese
    Real Estate License ID: 00838479
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!