Medical Office
101 Wellington Avenue, Daly City, CA 94014
For Sale
$999,000
C1-zoned property with prior medical use and potential for residential development under city guidance.
Property Size3,203 SF
Price / SF$311.90
Days on Market13
Property Features for 101 Wellington Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Additional Details
Property Use
Amenities
Corner Lot
Garage
BART Nearby
Concrete Slab Flooring
Freeway Nearby
Metered
Near Public Transit
Neighborhood
On Street
Restaurant Nearby
Shopping Nearby
Sidewalk/Curb/Gutter
Wood Flooring
Listing Agency:
EXP REALTY OF NORTHERN CALIFORNIA, INC.
(888) 832-7179
Listed By:
DORA CALANTOG
(650) 757-0888
Source:
Corcoran
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 6:01AM
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 EXP REALTY OF NORTHERN CALIFORNIA, INC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,203-square-foot medical office property is vacant and was previously used as a medical building. The site is zoned C1, and residential construction is identified as possible under City of Daly City guidance.
The rear of the property looks toward San Francisco. Public transportation, a school, a church, restaurants, and laundry facilities are within walking distance. Freeways, BART, and San Bruno Mountain are a short drive away; the mountain offers trails and views extending from San Francisco to South San Francisco.
The rear of the property looks toward San Francisco. Public transportation, a school, a church, restaurants, and laundry facilities are within walking distance. Freeways, BART, and San Bruno Mountain are a short drive away; the mountain offers trails and views extending from San Francisco to South San Francisco.
Key Highlights
- 3,203‑square‑foot property with a prior medical building use
- C1 zoning; residential construction identified as possible under City of Daly City guidance
- Rear‑facing views toward San Francisco
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,984
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,419,680
$1.4M
Cap Rate 7%
$1,014,057
$1.0M
Cap Rate 9%
$788,711
$788.7K
Market Conditions
NOI Build-Up for 3,203 SF
Gross rent
$110.7K $34.56/SF
− Vacancy
−$16.1K −$5.01/SF
EGI
$94.6K $29.55/SF
− OpEx
−$23.7K −$7.39/SF
NOI
$71.0K $22.16/SF
Area
Daly City, CA
Vacancy
14.50%
Lease Rate
$34.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,419,680
Cap Rate 7%
$1,014,057
Cap Rate 9%
$788,711
Alternative Uses
Best Use
Office B
$1.01M
$887.3K – $1.18M
NOI $70,984 @ 7.0% cap · market cap 7.11%
Second Best
Healthcare Medical
$727.4K
$636.5K – $848.7K
NOI $50,920 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,715 @ 7.0% cap · market cap 9.88%
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
Highway access
Location Intelligence
Trade Area within ½ mile
1,321
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94014, CA
48,677
Population
15,643
Households
3.1
Avg Household Size
39
Median Age
33%
College-Educated
84%
High-School Grad
6.4 sq mi
ZIP Area
7,606
Density / Sq Mi
$115,513
Median Household Income
$49,144
Median Earnings
$2,089
Median Rent
$979,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in San Mateo County, CA
Properties on Market for Medical Office Space in San Mateo County
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - C1-zoned property with prior medical use and potential for residential development under city guidance.
Where is this medical office space located?
The property is located at 101 Wellington Avenue Daly City, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 3,203‑square‑foot property with a prior medical building use; C1 zoning; residential construction identified as possible under City of Daly City guidance; Rear‑facing views toward San Francisco
