Downtown Office Suite with Outdoor
For Sale
Contact for pricing
1001 Laurel St, San Carlos, CA 94070
Office suite features an open floor plan, extensive windows, and an outdoor seating area off El Camino Real frontage.
Property Size1,240 SF
Price / SF$1,100
Days on Market629
Property Features for 1001 Laurel St
General Information
Standard status
Active
Size
1,240 SF
Property subtype
OFFICE
Amenities
Outdoor seating area
Wheelchair accessible
Listing Agency:
Kidder Mathews | Redwood Shores
(650) 769-3600
Listed By:
Brett Weber · License #00901454
(650) 771-3000
Source:
Moodyscre
Added: Dec 23, 2024
Changed: Aug 16
Last Checked: Sep 12 at 6:38AM
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 Kidder Mathews | Redwood Shores
Investment Insights
Based on property information with market context.
This office suite offers an open floor plan with an extensive window line, bringing natural light to the space. The unit also includes an outdoor seating area and is wheelchair accessible.
The property has high visibility with El Camino Real frontage and is within walking distance to downtown San Carlos amenities.
The combination of flexible open layout, strong daylighting, and outdoor seating makes the suite well-suited for a range of office uses that benefit from visibility and accessible features.
The property has high visibility with El Camino Real frontage and is within walking distance to downtown San Carlos amenities.
The combination of flexible open layout, strong daylighting, and outdoor seating makes the suite well-suited for a range of office uses that benefit from visibility and accessible features.
Key Highlights
- Office suite with an open floor plan
- Extensive window line for natural light
- Outdoor seating area off El Camino Real frontage
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
$39,715
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
2.91%
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%
$794,300
$794.3K
Cap Rate 7%
$567,357
$567.4K
Cap Rate 9%
$441,278
$441.3K
Market Conditions
NOI Build-Up for 1,240 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
$68.2K $54.96/SF
− Vacancy
−$15.2K −$12.26/SF
EGI
$53.0K $42.70/SF
− OpEx
−$13.2K −$10.68/SF
NOI
$39.7K $32.03/SF
Area
San Mateo County, CA
Vacancy
22.30%
Lease Rate
$54.96 /SF/Yr
Expense Ratio
25.00%
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%
$794,300
Cap Rate 7%
$567,357
Cap Rate 9%
$441,278
Alternative Uses
Best Use
Office B
$567.4K
$496.4K – $661.9K
NOI $39,715 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$984.9K
$861.8K – $1.15M
NOI $68,946 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,963
Businesses Nearby
Explore this area
Business Placement
Demographics for 94070, CA
31,585
Population
11,958
Households
2.6
Avg Household Size
42
Median Age
68%
College-Educated
97%
High-School Grad
6.1 sq mi
ZIP Area
5,178
Density / Sq Mi
$235,373
Median Household Income
$118,194
Median Earnings
$2,802
Median Rent
$2,000,001
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?
Office units - Office suite features an open floor plan, extensive windows, and an outdoor seating area off El Camino Real frontage.
Where is this office units located?
The property is located at 1001 Laurel St San Carlos, CA.
What is the asking price?
The asking price for this property is $1,364,000.
What are key features of this property?
This property features: Office suite with an open floor plan; Extensive window line for natural light; Outdoor seating area off El Camino Real frontage
