Renovated Mixed-Use
For Sale
$1,995,000
1124 El Camino Real, San Carlos, CA 94070
Commercial Sale, San Carlos, CA
Property Size2,030 SF
Lot Size0.08 Acres
Price / SF$982.76
Days on Market214
Property Features for 1124 El Camino Real
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
8
Lot features
B A R T Nearby, City Lot, B A R T Nearby, City Lot
Subdivision
San Carlos
Standard status
Active
APN
051344250
Size
2,030 SF
Lot size
0.08 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Multi Units
Water source
Public
Building Details
Year built
1959
Floors in Building
2
Number of units
6
Flooring type
Tile, Vinyl
Listing Agency:
eXp Realty of California, Inc
(888) 584-9427
Listed By:
Mike Duong
(415) 990-9999
Added: Mar 7
Changed: Sep 5
Last Checked: Oct 7 at 10:06AM
MLS# 426109981
Copyright © 2026 San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,030-square-foot, two-story mixed-use property combines a renovated ground-floor office suite with an attached studio unit, both delivered vacant. Three additional studio units are located upstairs and provide rental income. Improvements include new flooring, refreshed bathrooms, a modernized kitchen or kitchenette, updated electrical and lighting, new HVAC, and replacement windows. Vinyl and tile flooring are present throughout the property.
The property occupies 0.0769 acres along El Camino Real in San Carlos, with high-visibility frontage and parking for 8 vehicles. San Carlos Caltrain is within walking distance. Public water and public sewer serve the property, which was originally built in 1959.
The property occupies 0.0769 acres along El Camino Real in San Carlos, with high-visibility frontage and parking for 8 vehicles. San Carlos Caltrain is within walking distance. Public water and public sewer serve the property, which was originally built in 1959.
Key Highlights
- 2030 square feet across two stories
- Renovated ground‑floor office suite with attached studio unit
- Three additional studio units on the upper level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,577
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,540
$1.3M
Cap Rate 7%
$936,814
$936.8K
Cap Rate 9%
$728,633
$728.6K
Market Conditions
NOI Build-Up for 2,030 SF
Gross rent
$139.3K $68.64/SF
− Vacancy
−$34.4K −$16.95/SF
EGI
$104.9K $51.69/SF
− OpEx
−$39.3K −$19.38/SF
NOI
$65.6K $32.30/SF
Area
San Mateo County, CA
Vacancy
24.70%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,540
Cap Rate 7%
$936,814
Cap Rate 9%
$728,633
Alternative Uses
Best Use
Mixed Use
$936.8K
$819.7K – $1.09M
NOI $65,577 @ 7.0% cap · market cap 3.29%
Second Best
Office B
$928.8K
$812.7K – $1.08M
NOI $65,017 @ 7.0% cap · market cap 3.26%
Theoretical Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,872 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,823
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story configuration combines updated office space with residential units and on-site parking.
Where is this mixed-use property located?
The property is located at 1124 El Camino Real San Carlos, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 2030 square feet across two stories; Renovated ground‑floor office suite with attached studio unit; Three additional studio units on the upper level
