Three-Office Suite with Private
For Sale
Contact for pricing
1147 California DR, Burlingame, CA 94010
Second-floor workspace includes a kitchenette, dedicated storage, and three assigned parking spaces.
Property Size1,420 SF
Price / SF$2.50
Days on Market158
Property Features for 1147 California DR
General Information
Standard status
Active
Size
1,420 SF
Total Parking Spaces
3
Additional Details
Floor
2
Property Use
Office
Amenities
Kitchenette Space
Private Restroom
Abundance of Natural Light
Storage Room
Building Details
Year Built
1925
Listing Agency:
Compass
(650) 375-1111
Listed By:
Gregory Terry · License #00957651
(650) 678-1110
Source:
Giuffreproperties
Added: May 26
Changed: Oct 29
Last Checked: Oct 28 at 3:59PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,420-square-foot office suite occupies the second floor and contains three private offices, a kitchenette area, and a private restroom. A separate storage room and abundant natural light round out the interior features. The building dates to 1925.
The suite includes three assigned parking spaces. It is located at 1147 California Drive in Burlingame.
The suite includes three assigned parking spaces. It is located at 1147 California Drive in Burlingame.
Key Highlights
- 1,420 square feet of second‑floor office space
- Three private offices and one private restroom
- Kitchenette area and separate storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,480
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,600
$909.6K
Cap Rate 7%
$649,714
$649.7K
Cap Rate 9%
$505,333
$505.3K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$78.0K $54.96/SF
− Vacancy
−$17.4K −$12.26/SF
EGI
$60.6K $42.70/SF
− OpEx
−$15.2K −$10.68/SF
NOI
$45.5K $32.03/SF
Area
San Mateo County, CA
Vacancy
22.30%
Lease Rate
$54.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,600
Cap Rate 7%
$649,714
Cap Rate 9%
$505,333
Alternative Uses
Best Use
Office B
$649.7K
$568.5K – $758.0K
NOI $45,480 @ 7.0% cap · market cap 1,281.13%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.13M
$986.9K – $1.32M
NOI $78,955 @ 7.0% cap · market cap 2,224.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,422
Businesses Nearby
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Business Placement
Demographics for 94010, CA
44,045
Population
17,834
Households
2.5
Avg Household Size
42
Median Age
69%
College-Educated
96%
High-School Grad
15.1 sq mi
ZIP Area
2,917
Density / Sq Mi
$191,758
Median Household Income
$101,100
Median Earnings
$2,655
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor workspace includes a kitchenette, dedicated storage, and three assigned parking spaces.
Where is this office unit located?
The property is located at 1147 California DR Burlingame, CA.
What are key features of this property?
This property features: 1,420 square feet of second‑floor office space; Three private offices and one private restroom; Kitchenette area and separate storage room
