San Bruno Industrial Warehouse
For Sale
$1,250,000
1141 San Mateo Avenue, San Bruno, CA 94066
2,500 sq ft San Bruno warehouse for sale.
Property Size2,500 SF
Price / SF$500
Days on Market397
Property Features for 1141 San Mateo Avenue
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Amenities
Off Street Parking
Building Details
Year Built
1969
Listing Agency:
CHRISTIE'S INTERNATIONAL REAL ESTATE SERENO
(650) 844-7373
Listed By:
ERIC CHU · License #02039805
Source:
Corcoran
Added: Aug 1, 2025
Changed: Aug 22
Last Checked: Aug 31 at 7:39PM
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 CHRISTIE'S INTERNATIONAL REAL ESTATE SERENO
Investment Insights
Based on property information with market context.
Located on San Mateo Avenue in San Bruno, this single-story warehouse offers 2,500 sq. ft. of space suitable for light industrial, auto service, or small-scale distribution. The property features a 15-foot clear-height ceiling and one grade-level roll-up door, providing functional and flexible space for various business operations. Zoned M-1 (M10000), the property allows for multiple commercial uses. The location provides convenient access to BART, Caltrain, and SFO, and is near major transportation hubs. The property offers value for both owner-users and investors seeking a well-located industrial asset on the Peninsula, with easy freeway access and strong surrounding demographics.
Key Highlights
- Prime San Bruno location near BART, Caltrain, and SFO.
- Versatile M‑1 zoning allows for multiple commercial uses (M10000).
- 2,500 sq. ft. single‑story warehouse suitable for light industrial, auto service, or distribution.
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
$114,474
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
9.16%
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%
$2,289,480
$2.3M
Cap Rate 7%
$1,635,343
$1.6M
Cap Rate 9%
$1,271,933
$1.3M
Market Conditions
NOI Build-Up for 2,500 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
$171.6K $68.64/SF
− Vacancy
−$8.1K −$3.23/SF
EGI
$163.5K $65.41/SF
− OpEx
−$49.1K −$19.62/SF
NOI
$114.5K $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%
$2,289,480
Cap Rate 7%
$1,635,343
Cap Rate 9%
$1,271,933
Alternative Uses
Best Use
Warehouse
$1.99M
$1.74M – $2.32M
NOI $139,005 @ 7.0% cap · market cap 11.12%
Second Best
Industrial
$1.64M
$1.43M – $1.91M
NOI $114,474 @ 7.0% cap · market cap 9.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,750
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- San Bruno Storage — 1167 Montgomery Ave, San Bruno, CA 94066
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- ReadySpaces — 245 S Spruce Ave #800, South San Francisco, CA 94080
- Master Movers — 239 S Maple Ave, South San Francisco, CA 94080
- Shamrock Moving & Storage, Inc. — 255 S Maple Ave, South San Francisco, CA 94080
Frequently Asked Questions
What type of property is this?
Warehouse - 2,500 sq ft San Bruno warehouse for sale.
Where is this warehouse located?
The property is located at 1141 San Mateo Avenue San Bruno, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime San Bruno location near BART, Caltrain, and SFO.; Versatile M‑1 zoning allows for multiple commercial uses (M10000).; 2,500 sq. ft. single‑story warehouse suitable for light industrial, auto service, or distribution.
