Private Office
For Sale
Contact for pricing
1161 Cherry Street, San Carlos, CA 94070
Month-to-month occupancy includes building Wi-Fi, water, and garbage service.
Property Size14,000 SF
Price / SF$0.13
Days on Market61
Property Features for 1161 Cherry Street
General Information
Standard status
Active
Size
14,000 SF
Building Details
Year Built
1940
Listing Agency:
Compass
Listed By:
Guy Giuffre · License #1393931
(831) 566-5430
Source:
Giuffreproperties
Added: Sep 1
Changed: Oct 28
Last Checked: Oct 28 at 2:44PM
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.
Office J is a private workspace in a building constructed in 1940. The office and common areas have mini-split HVAC, and shared men’s and women’s restrooms serve the building. Planned improvements include new carpet and skylights that bring natural light into the space; images of these improvements are renderings.
Building access is available 24 hours a day, seven days a week. Wi-Fi, water, and garbage service are included, and the office is offered on a month-to-month basis.
Building access is available 24 hours a day, seven days a week. Wi-Fi, water, and garbage service are included, and the office is offered on a month-to-month basis.
Key Highlights
- Private office identified as Office J
- Mini‑split HVAC in the office and common areas
- Shared men’s and women’s restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$448,391
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,967,820
$9.0M
Cap Rate 7%
$6,405,586
$6.4M
Cap Rate 9%
$4,982,122
$5.0M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$769.4K $54.96/SF
− Vacancy
−$171.6K −$12.26/SF
EGI
$597.9K $42.70/SF
− OpEx
−$149.5K −$10.68/SF
NOI
$448.4K $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%
$8,967,820
Cap Rate 7%
$6,405,586
Cap Rate 9%
$4,982,122
Alternative Uses
Best Use
Office B
$6.41M
$5.60M – $7.47M
NOI $448,391 @ 7.0% cap · market cap 24,237.35%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$11.12M
$9.73M – $12.97M
NOI $778,426 @ 7.0% cap · market cap 42,077.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,731
Businesses Nearby
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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Month-to-month occupancy includes building Wi-Fi, water, and garbage service.
Where is this office unit located?
The property is located at 1161 Cherry Street San Carlos, CA.
What are key features of this property?
This property features: Private office identified as Office J; Mini‑split HVAC in the office and common areas; Shared men’s and women’s restrooms
