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1050 Admiral Ct, San Bruno, CA 94066
San Bruno retail center with national tenant presence and multi-year lease commitments.
Property Size12,350 SF
Price / SF$769.23
Days on Market497
Property Features for 1050 Admiral Ct
General Information
Standard status
Active
Size
12,350 SF
Property subtype
RETAIL
Occupancy
85%
Listing Agency:
Colliers | Silicon Valley
(408) 464-4341
Listed By:
Kevin Moul, SIOR
(408) 464-4341
Source:
Moodyscre
Added: Apr 22, 2025
Changed: Aug 30
Last Checked: Aug 30 at 11:02PM
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 Colliers | Silicon Valley
Investment Insights
Based on property information with market context.
This 12,350-square-foot shopping center is located at 1050 Admiral Ct in San Bruno, California. The property is 85% leased, providing an established base of occupied retail space within the center.
Lease commitments average 5.1 years on a weighted basis, and the tenant mix includes national occupants. The combination of current occupancy and remaining lease duration provides clear visibility into the property’s existing leasing position.
Lease commitments average 5.1 years on a weighted basis, and the tenant mix includes national occupants. The combination of current occupancy and remaining lease duration provides clear visibility into the property’s existing leasing position.
Key Highlights
- 85% leased
- 5.1‑year weighted average lease term
- 12,350‑square‑foot shopping center
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
$315,377
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
3.32%
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%
$6,307,540
$6.3M
Cap Rate 7%
$4,505,386
$4.5M
Cap Rate 9%
$3,504,189
$3.5M
Market Conditions
NOI Build-Up for 12,350 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
$472.8K $38.28/SF
− Vacancy
−$22.2K −$1.80/SF
EGI
$450.5K $36.48/SF
− OpEx
−$135.2K −$10.94/SF
NOI
$315.4K $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%
$6,307,540
Cap Rate 7%
$4,505,386
Cap Rate 9%
$3,504,189
Alternative Uses
Best Use
Retail
$4.51M
$3.94M – $5.26M
NOI $315,377 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.81M
$8.58M – $11.44M
NOI $686,683 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
85%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,212
Businesses Nearby
345k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Dining 18%
Home Improvements & Furnishings 16%
Groceries 14%
Target
Superstores
111,204 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
54,273 visits/mo
0.4 miles
Lucky Supermarkets
Groceries
47,251 visits/mo
0.4 miles
Burger King
Dining
18,232 visits/mo
0.3 miles
Staples
Office Supplies
17,878 visits/mo
0.5 miles
Demographics for 94066, CA
44,147
Population
16,736
Households
2.6
Avg Household Size
40
Median Age
44%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
7,237
Density / Sq Mi
$135,976
Median Household Income
$66,057
Median Earnings
$2,696
Median Rent
$1,199,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - San Bruno retail center with national tenant presence and multi-year lease commitments.
Where is this shopping center located?
The property is located at 1050 Admiral Ct San Bruno, CA.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 85% leased; 5.1‑year weighted average lease term; 12,350‑square‑foot shopping center
