San Carlos Industrial Condo
For Sale
$3,675,000
1100 Industrial Road #18, San Carlos, CA 94070
7,730 sq. ft. industrial condo near tech hubs.
Property Size7,730 SF
Price / SF$475.42
Days on Market429
Property Features for 1100 Industrial Road #18
General Information
Standard status
Active
Size
7,730 SF
Property subtype
Commercial
Amenities
Assigned Spaces
Concrete Flooring
Guest Parking
Laminate Flooring
Off Street Parking
Other
Tile Flooring
Building Details
Year Built
1987
Listing Agency:
SC PROPERTIES
(650) 342-3030
Listed By:
ANDREW GUGLIELMI · License #01852584
(650) 269-8517
Source:
Corcoran
Added: Aug 5, 2025
Changed: Aug 8
Last Checked: Aug 25 at 5:13AM
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 ~7,730 sq. ft. industrial condo is located at 1100 Industrial Road #18 in San Carlos. The property includes ~5,960 sq. ft. on the first floor and a ~1,770 sq. ft. 2nd level mezzanine. The unit is currently divided into two suites: 18A, which is leased to Fullsterkur Barbell Club, and 18B, which is rented as storage. The property features two rollup doors, an approximate 18 clear height, and access to US101. The location is near tech and biotech hubs and downtown San Carlos. This versatile unit is suitable for an owner user or investor seeking a location on the Peninsula.
Key Highlights
- Large industrial condo offering ~7,730 sq. ft. of total area.
- Prime Peninsula location near tech and biotech hubs, with excellent access to US101 and downtown San Carlos.
- Versatile unit ideal for either an owner‑user or investor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$306,600
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,132,000
$6.1M
Cap Rate 7%
$4,380,000
$4.4M
Cap Rate 9%
$3,406,667
$3.4M
Market Conditions
NOI Build-Up for 7,730 SF
Gross rent
$530.6K $68.64/SF
− Vacancy
−$58.9K −$7.62/SF
EGI
$471.7K $61.02/SF
− OpEx
−$165.1K −$21.36/SF
NOI
$306.6K $39.66/SF
Area
San Mateo County, CA
Vacancy
11.10%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,132,000
Cap Rate 7%
$4,380,000
Cap Rate 9%
$3,406,667
Alternative Uses
Best Use
Warehouse
$6.14M
$5.37M – $7.16M
NOI $429,802 @ 7.0% cap · market cap 11.70%
Second Best
Industrial
$5.06M
$4.42M – $5.90M
NOI $353,955 @ 7.0% cap · market cap 9.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - 7,730 sq. ft. industrial condo near tech hubs.
Where is this flex space located?
The property is located at 1100 Industrial Road #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: Large industrial condo offering ~7,730 sq. ft. of total area.; Prime Peninsula location near tech and biotech hubs, with excellent access to US101 and downtown San Carlos.; Versatile unit ideal for either an owner‑user or investor.
