Mixed-Use Development Site Near
186 El Camino Real Millbrae, CA 94030
186 El Camino Real, Millbrae, CA, 94030
$3,390,000
For Sale
$3,390,000
Prime development site near transit for mixed-use building.
Property Size6,200 SF
Price / SF$546.77
Days on Market445
Property Features for 186 El Camino Real
General Information
- Standard status
- Active
- Size
- 6,200 SF
Listing Agency
SECURITY RLTY. & INV. CO.
(415) 564-8488
Listed by
HUMPHREY WOO
Source
Corcoran
Added: May 1, 2025 Checked: Mar 16 at 9:08 am
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 SECURITY RLTY. & INV. CO.
Investment Insights
Based on property information with market context.
Located in the rapidly growing Millbrae Station Area Specific Plan, 186 El Camino Real presents a development opportunity for a mixed-use building. The zoning allows for structures up to 120 feet in height. This corner property features wide frontage and is suitable for various business uses. The property's location provides convenient access to BART and light-rail stations, as well as proximity to the freeway, bus lines, restaurants, and shops. The property has a size of 6200 square feet.
Key Highlights
- Prime development site in the Millbrae Station Area Specific Plan.
- Zoning allows for an impressive 120‑foot building height.
- Suitable for a mixed‑use building with residential units and a large commercial space.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $425.6k | $68.64 |
| − Vacancy | −$105.1k | −$16.95 |
| EGI | $320.5k | $51.69 |
| − OpEx | −$120.2k | −$19.38 |
| NOI | $200.3k | $32.30 |
6,200 SF · lease $68.64/SF/yr · vacancy 24.70% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.86M
$2.50M – $3.34M
NOI $200,283 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.92M
$4.31M – $5.75M
NOI $344,731 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Prime development site near transit for mixed-use building.
Where is this mixed-use property located?
The property is located at 186 El Camino Real Millbrae, CA.
What is the asking price?
The asking price for this property is $3,390,000.
What are key features of this property?
This property features: Prime development site in the Millbrae Station Area Specific Plan.; Zoning allows for an impressive 120‑foot building height.; Suitable for a mixed‑use building with residential units and a large commercial space.
