Flex Space with Front
New
For Sale
$1,250,000
1141 San Mateo Ave, San Bruno, CA 94066
Warehouse space is paired with a front office, an ADA-accessible restroom, and upgraded building systems.
Property Size2,500 SF
Price / SF$500
Days on Market2
Property Features for 1141 San Mateo Ave
General Information
Standard status
Active
Size
2,500 SF
Building Details
Year Built
1969
Listing Agency:
Century 21 Masters
Listed By:
Fanny J Liao
(415) 309-3149
Source:
Matterogers
Added: Sep 24
Last Checked: Sep 24 at 1:59PM
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 Century 21 Masters
Investment Insights
Based on property information with market context.
This 2,500-square-foot flex property combines a front office and ADA-accessible restroom with warehouse space. The warehouse has approximately 13-foot ceilings. Improvements include LED lighting, a new LiftMaster roll-up door, updated plumbing, a renovated restroom, and upgraded electrical service with a 200-amp main panel. Built in 1969, the property is currently leased on a month-to-month basis.
The San Bruno property is minutes from SFO, BART, and major freeway access.
The San Bruno property is minutes from SFO, BART, and major freeway access.
Key Highlights
- 2,500 square feet with front office and warehouse area
- Approximately 13‑foot warehouse ceilings
- ADA‑accessible restroom; restroom renovated
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Le'chon Catering — 169 san bruno ave w, san bruno, ca 94066
- Total Success Event Services — 901 Sneath Ln Suite 113, San Bruno, CA 94066
- Air Culinaire Worldwide Inflight Catering San Francisco — 1098 San Mateo Ave #3, South San Francisco, CA 94080
- The Box Lunch Company — 360 Shaw Rd C, South San Francisco, CA 94080
- Debbie's Creative Catering — 330 Shaw Rd, South San Francisco, CA 94080
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse space is paired with a front office, an ADA-accessible restroom, and upgraded building systems.
Where is this flex space located?
The property is located at 1141 San Mateo Ave 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: 2,500 square feet with front office and warehouse area; Approximately 13‑foot warehouse ceilings; ADA‑accessible restroom; restroom renovated
