Flex Space with Warehouse
For Sale
$1,099,000
100 Hill Drive, Brisbane, CA 94005
Suite combines office, production, workspace, and storage areas with central HVAC and a dedicated bathroom.
Property Size1,920 SF
Price / SF$572.40
Days on Market107
Property Features for 100 Hill Drive
General Information
Standard status
Active
Size
1,920 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
1
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$11,351
Amenities
skylights
roll-up warehouse door
front office area
bathroom
central HVAC
3
Tar Gravel
Building Details
Year Built
1978
Buildings
1
Listing Agency:
Green Banker Realty
(650) 373-0007
Listed By:
Stanley Lo · License #00874415
Source:
Xome
Added: May 16
Changed: Aug 30
Last Checked: Aug 30 at 1:18PM
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.
Suite 24 is a flex property within Northill Business Park, a five-building complex containing 54 units. The approximately 14-foot interior ceiling height, skylights, roll-up warehouse door, front office, bathroom, and central HVAC support a practical combination of office and industrial functions. The layout can accommodate offices, workspaces, production areas, or storage.
The property is approximately one-third mile from Bayshore Boulevard and approximately 2.5 miles from Highway 101, with San Francisco International Airport approximately a 10-minute drive away. Downtown Brisbane and Brisbane Village Shopping Center are approximately one mile from the property, while the San Francisco border is approximately 1.5 miles away. Built in 1978, the suite offers a warehouse-office configuration with access to transportation routes and nearby amenities.
The property is approximately one-third mile from Bayshore Boulevard and approximately 2.5 miles from Highway 101, with San Francisco International Airport approximately a 10-minute drive away. Downtown Brisbane and Brisbane Village Shopping Center are approximately one mile from the property, while the San Francisco border is approximately 1.5 miles away. Built in 1978, the suite offers a warehouse-office configuration with access to transportation routes and nearby amenities.
Key Highlights
- Approximately 14‑foot ceilings with skylights
- Roll‑up warehouse door with front office area
- Central HVAC and dedicated 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
1
Office units
Yes
Highway access
Yes
Paved road 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 combines office, production, workspace, and storage areas with central HVAC and a dedicated bathroom.
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: Approximately 14‑foot ceilings with skylights; Roll‑up warehouse door with front office area; Central HVAC and dedicated bathroom
