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    979 Unit 103 Millbrae, CA 94030

    For Sale
    Contact for pricing

    High-Visibility Retail Space, Excellent Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional mixed-use property, located at 979 Unit 103, Millbrae, CA, presents a unique investment opportunity. Situated on a 1.11-acre lot in Millbrae's vibrant downtown retail district, this 1688 square foot space is currently configured as a bank, offering unparalleled visibility and signage potential. The property benefits from a substantial sub-level garage, providing ample parking for customers and employees. Its prime location off El Camino Real ensures easy access to Highway 101, maximizing exposure to a diverse and high-traffic demographic. The surrounding area boasts a concentration of busy grocery stores and other retail establishments, creating a synergistic environment for increased foot traffic and business opportunities. The property's high visibility and convenient access points make it an ideal location for a variety of retail businesses. The net lease is approximately $1,980 per month, with availability commencing September 1, 2024. This is a rare chance to acquire a well-established commercial space in a thriving location with significant growth potential. The property's size, location, and existing infrastructure make it an attractive proposition for discerning investors seeking a strong return on investment.

    Property Features for 979 Unit 103

    General Information

    Property type
    Mixed-use properties
    Lot Size
    48,352 SF

    Building Details

    Year Built
    1968
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Millbrae
    County
    San Mateo
    State
    California
    Longitude
    -122.396
    Latitude
    37.59413

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    FAQs

    What type of property is this?
    Mixed-use property - High-Visibility Retail Space, Excellent Location
    Where is this mixed-use property located?
    The property is located at 979 Unit 103 Millbrae, CA.
    What is the asking price?
    The asking price for this property is $7,158.
    (650) 373-0007
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    979 Unit 103 Millbrae, CA 94030
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    979 Unit 103 Millbrae, CA 94030
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