T5C-Zoned Commercial
For Sale
Contact for pricing
1015-1057 El Camino Real, South San Francisco, CA 94080
Located at 1015-1057 El Camino Real in South San Francisco.
Property Size197,762 SF
Price / SF$293.28
Days on Market152
Property Features for 1015-1057 El Camino Real
General Information
Standard status
Active
Size
197,762 SF
Property subtype
Land, Multifamily, Retail
Zoning
T5C
Investment Type
Redevelopment
Listing Agency:
Kidder Mathews
Listed By:
Eric Shain · License #02050566
Source:
Crexi
Added: Apr 2
Changed: Aug 30
Last Checked: Aug 30 at 3:58PM
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
Investment Insights
Based on property information with market context.
This commercial land parcel is located at 1015-1057 El Camino Real in South San Francisco, California. The property carries T5C zoning and is offered for sale as a commercial land asset.
Key Highlights
- T5C zoning designation
- Address: 1015‑1057 El Camino Real, South San Francisco, CA 94080
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
$5,050,167
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
8.71%
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%
$101,003,340
$101.0M
Cap Rate 7%
$72,145,243
$72.1M
Cap Rate 9%
$56,112,967
$56.1M
Market Conditions
NOI Build-Up for 197,762 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
$7.57M $38.28/SF
− Vacancy
−$355.8K −$1.80/SF
EGI
$7.21M $36.48/SF
− OpEx
−$2.16M −$10.94/SF
NOI
$5.05M $25.54/SF
Area
San Mateo County, CA
Vacancy
4.70%
Lease Rate
$38.28 /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%
$101,003,340
Cap Rate 7%
$72,145,243
Cap Rate 9%
$56,112,967
Alternative Uses
Best Use
Retail
$72.15M
$63.13M – $84.17M
NOI $5,050,167 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$157.08M
$137.45M – $183.27M
NOI $10,995,929 @ 7.0% cap · market cap 18.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
126k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 35%
Groceries 28%
Beauty & Spa 1%
Safeway
Groceries
35,647 visits/mo
0.2 miles
McDonald's
Dining
33,372 visits/mo
0.5 miles
Marathon
Shops & Services
13,508 visits/mo
0.1 miles
Wells Fargo
Shops & Services
12,980 visits/mo
0.1 miles
Bank of America
Shops & Services
11,154 visits/mo
0.0 miles
Demographics for 94080, CA
66,592
Population
23,364
Households
2.9
Avg Household Size
40
Median Age
40%
College-Educated
86%
High-School Grad
10.2 sq mi
ZIP Area
6,529
Density / Sq Mi
$135,966
Median Household Income
$61,138
Median Earnings
$2,840
Median Rent
$1,159,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Located at 1015-1057 El Camino Real in South San Francisco.
Where is this commercial land located?
The property is located at 1015-1057 El Camino Real South San Francisco, CA.
What is the asking price?
The asking price for this property is $58,000,000.
What are key features of this property?
This property features: T5C zoning designation; Address: 1015‑1057 El Camino Real, South San Francisco, CA 94080
