Warehouse Office Flex
For Sale
$1,099,000
100 Hill Drive, Brisbane, CA 94005
Suite 24 features 14-foot ceilings, skylights, a roll-up warehouse door, and a front office with central HVAC.
Property Size1,920 SF
Price / SF$572.40
Days on Market106
Property Features for 100 Hill Drive
General Information
Standard status
Active
Size
1,920 SF
Property subtype
General Commercial
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,351
Amenities
3
Tar Gravel
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
Green Banker Realty
(650) 373-0007
Listed By:
Stanley Lo · License #00874415
Source:
Xome
Added: May 16
Changed: Aug 27
Last Checked: Aug 29 at 7:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Green Banker Realty
Investment Insights
Based on property information with market context.
Northill Business Park consists of five buildings totaling 54 units, and Suite 24 is a flex warehouse-office suite designed for a functional mix of workspace and storage. The suite includes approximately 14-foot ceilings with skylights, a roll-up warehouse door, a front office area, a bathroom, and central HVAC.
Suite 24 is located at 100 Hill Drive #24 in Brisbane. The property is approximately one-third mile from Bayshore Boulevard and about 2.5 miles from Highway 101, with San Francisco International Airport roughly a 10-minute drive away.
The flexible interior layout supports a range of configurations such as offices, workspaces, production areas, or storage, depending on operational needs.
Suite 24 is located at 100 Hill Drive #24 in Brisbane. The property is approximately one-third mile from Bayshore Boulevard and about 2.5 miles from Highway 101, with San Francisco International Airport roughly a 10-minute drive away.
The flexible interior layout supports a range of configurations such as offices, workspaces, production areas, or storage, depending on operational needs.
Key Highlights
- Northill Business Park includes five buildings totaling 54 units, offering an established business park setting
- Suite 24 offers approx. 14‑foot ceilings with skylights and a roll‑up warehouse door
- Suite 24 includes a front office area and a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,916
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,758,320
$1.8M
Cap Rate 7%
$1,255,943
$1.3M
Cap Rate 9%
$976,844
$976.8K
Market Conditions
NOI Build-Up for 1,920 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$131.8K $68.64/SF
− Vacancy
−$6.2K −$3.23/SF
EGI
$125.6K $65.41/SF
− OpEx
−$37.7K −$19.62/SF
NOI
$87.9K $45.79/SF
Area
San Mateo County, CA
Vacancy
4.70%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,758,320
Cap Rate 7%
$1,255,943
Cap Rate 9%
$976,844
Alternative Uses
Best Use
Warehouse
$1.53M
$1.33M – $1.78M
NOI $106,756 @ 7.0% cap · market cap 9.71%
Second Best
Industrial
$1.26M
$1.10M – $1.47M
NOI $87,916 @ 7.0% cap · market cap 8.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94005, CA
4,836
Population
2,101
Households
2.3
Avg Household Size
43
Median Age
51%
College-Educated
86%
High-School Grad
4.6 sq mi
ZIP Area
1,051
Density / Sq Mi
$151,593
Median Household Income
$75,938
Median Earnings
$2,634
Median Rent
$1,127,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Suite 24 features 14-foot ceilings, skylights, a roll-up warehouse door, and a front office with central HVAC.
Where is this flex space located?
The property is located at 100 Hill Drive Brisbane, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Northill Business Park includes five buildings totaling 54 units, offering an established business park setting; Suite 24 offers approx. 14‑foot ceilings with skylights and a roll‑up warehouse door; Suite 24 includes a front office area and a bathroom
