Two-Story Office Building with Garage
For Sale
Contact for pricing
1009 S Claremont ST, San Mateo, CA 94402
Multiple entrances, conference space, and kitchens on both floors support a flexible office layout.
Property Size7,450 SF
Price / SF$2.72
Days on Market232
Property Features for 1009 S Claremont ST
General Information
Standard status
Active
Size
7,450 SF
Additional Details
Utilities to Site
Yes
Sprinkler System
Yes
Property Use
Office
Amenities
auto garage door
computer server rooms
independent HVAC systems
alarm systems
camera surveillance
electronic door access system
conference room
multiple building entrances
kitchen on each level
bathrooms
built-in vacuum systems
Building Details
Year Built
1989
Buildings
1
Stories
2
Listing Agency:
Beale Properties
(650) 551-1255
Listed By:
Richard Beale · License #00613671
(650) 465-5000
Source:
Giuffreproperties
Added: Mar 13
Changed: Oct 30
Last Checked: Oct 28 at 4:45PM
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 Beale Properties
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Investment Insights
Based on property information with market context.
This two-story office building contains 7,450 square feet, with a conference room, offices, and several points of entry. A garage door provides access to the building, and each level has its own kitchen. The property includes five bathrooms, one with a shower, and two built-in vacuum systems.
Separate server rooms have independent HVAC systems. Security features include alarm systems, interior and exterior camera surveillance, and electronic door access. Most of the building is protected by fire sprinklers. Electrical service is 400 AMP, and the building was constructed in 1989.
Separate server rooms have independent HVAC systems. Security features include alarm systems, interior and exterior camera surveillance, and electronic door access. Most of the building is protected by fire sprinklers. Electrical service is 400 AMP, and the building was constructed in 1989.
Key Highlights
- 7,450‑square‑foot, two‑story office building with a garage door
- Separate server rooms with independent HVAC systems
- 400 AMP electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,748
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,894,960
$2.9M
Cap Rate 7%
$2,067,829
$2.1M
Cap Rate 9%
$1,608,311
$1.6M
Market Conditions
NOI Build-Up for 7,450 SF
Gross rent
$250.3K $33.60/SF
− Vacancy
−$57.3K −$7.69/SF
EGI
$193.0K $25.91/SF
− OpEx
−$48.2K −$6.48/SF
NOI
$144.7K $19.43/SF
Area
San Mateo, CA
Vacancy
22.90%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,894,960
Cap Rate 7%
$2,067,829
Cap Rate 9%
$1,608,311
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.41M
NOI $144,748 @ 7.0% cap · market cap 715.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,264 @ 7.0% cap · market cap 1,019.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,928
Businesses Nearby
Explore this area
Business Placement
Demographics for 94402, CA
25,879
Population
10,623
Households
2.4
Avg Household Size
42
Median Age
69%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
5,074
Density / Sq Mi
$179,683
Median Household Income
$104,257
Median Earnings
$3,476
Median Rent
$2,000,001
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Multiple entrances, conference space, and kitchens on both floors support a flexible office layout.
Where is this office building located?
The property is located at 1009 S Claremont ST San Mateo, CA.
What are key features of this property?
This property features: 7,450‑square‑foot, two‑story office building with a garage door; Separate server rooms with independent HVAC systems; 400 AMP electrical service
