Office & Warehouse Space
For Sale
$3,675,000
1100 Industrial Rd 18, San Carlos, CA 94070
4,060 SF flex space with office and warehouse components.
Property Size4,060 SF
Price / SF$905.17
Days on Market169
Property Features for 1100 Industrial Rd 18
General Information
Standard status
Active
Size
4,060 SF
Property subtype
Commercial
Building Details
Year Built
1987
Stories
1
Listing Agency:
SC Properties
Listed By:
Andrew Guglielmi · License #01852584
(650) 269-8517
Source:
Elliman
Added: Mar 25
Changed: Sep 8
Last Checked: Aug 14 at 7:23AM
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 SC Properties
Investment Insights
Based on property information with market context.
This property offers approximately 4,060 square feet of flex space, incorporating both office and warehouse functionalities. The office component accounts for approximately 1,160 square feet of the total area. The warehouse area features an approximate 18-foot clear height and is equipped with one 12-foot grade-level door. The space includes two private offices, an open office area, a kitchenette, and shower facilities, along with two restrooms. Power is supplied with 200A/3 Phase. The building is fully sprinklered for fire safety. The property includes six deeded parking spaces, supplemented by additional visitor parking. The property is located in San Carlos, California.
Key Highlights
- ±4,060 square feet office & warehouse space with mezzanine
- Includes ±1,160 square feet of office space
- Enjoy (6) deeded parking spaces plus additional visitor parking
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
$185,906
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
5.06%
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%
$3,718,120
$3.7M
Cap Rate 7%
$2,655,800
$2.7M
Cap Rate 9%
$2,065,622
$2.1M
Market Conditions
NOI Build-Up for 4,060 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
$278.7K $68.64/SF
− Vacancy
−$13.1K −$3.23/SF
EGI
$265.6K $65.41/SF
− OpEx
−$79.7K −$19.62/SF
NOI
$185.9K $45.79/SF
Area
San Mateo County, CA
Vacancy
4.70%
Lease Rate
$68.64 /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%
$3,718,120
Cap Rate 7%
$2,655,800
Cap Rate 9%
$2,065,622
Alternative Uses
Best Use
Industrial
$2.66M
$2.32M – $3.10M
NOI $185,906 @ 7.0% cap · market cap 5.06%
Second Best
Flex RnD
$2.30M
$2.01M – $2.68M
NOI $161,034 @ 7.0% cap · market cap 4.38%
Theoretical Best
Warehouse
$3.22M
$2.82M – $3.76M
NOI $225,743 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,388
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94070, CA
31,585
Population
11,958
Households
2.6
Avg Household Size
42
Median Age
68%
College-Educated
97%
High-School Grad
6.1 sq mi
ZIP Area
5,178
Density / Sq Mi
$235,373
Median Household Income
$118,194
Median Earnings
$2,802
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 4,060 SF flex space with office and warehouse components.
Where is this flex space located?
The property is located at 1100 Industrial Rd 18 San Carlos, CA.
What is the asking price?
The asking price for this property is $3,675,000.
What are key features of this property?
This property features: ±4,060 square feet office & warehouse space with mezzanine; Includes ±1,160 square feet of office space; Enjoy (6) deeded parking spaces plus additional visitor parking
