Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    411 Borel Ave San Mateo, CA 94402

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Corner office suite available for sublease near amenities.

    Property size:
    4,640 SF
    Lot size:
    4,640 SF

    Property Features for 411 Borel Ave

    General Information

    Standard status
    Active
    Size
    4,640 SF

    We can help!

    Listing Contact
    John Held
    Source: Cbre

    Listing Agent: John Held

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Office Space with Corner Suite

    This office space, identified as Suite 620, offers approximately 4,640 rentable square feet. The corner suite features three sides of glass, providing ample natural light. It is available as a plug-and-play opportunity. The sublease commencement is set for 30 days from the agreement date, with a lease end date of June 30, 2025. The location provides convenient access to Highway 92, a lateral artery. The property is within walking distance of restaurants, fitness centers, and other amenities. It is located approximately 30 minutes from downtown San Francisco and 20 minutes from Silicon Valley.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dacor Appliances Repair Home Appliance Store Damon Chan - Morgan ... Financial Advisor Charles Guttas - Morgan ... Financial Advisor The Law Offices of Michael ... Law Firm Emanuel Law Group Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Mateo
    County
    San Mateo
    State
    California
    Longitude
    -122.3201893
    Latitude
    37.5483851

    Nearby Similar for Lease

    • $7,458 /Mo
      3,160 SF

      San Mateo Commercial Warehouse Lease

      Versatile commercial space ideal for logistics, office, or light industrial.
      931 N Amphlett Blvd, San Mateo, CA 94401
      View Details
    • Sponsored
      Contact for pricing

      Spaces Clocktower

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      3 3Rd Ave, San Mateo, CA 94401
      View Details
    • $1,900 /Mo

      Remodeled Office Space For Rent

      650 sq ft remodeled office space with parking.
      116 E 25Th Ave, San Mateo, CA 94403
      View Details
    • $5,500 /Mo

      New Medical/Dental Condo for Rent

      Newly constructed medical/dental condo on San Mateo - Burlingame border.
      420 Peninsula Ave, San Mateo, CA 94401
      View Details
    • $7,458 /Mo

      San Mateo Commercial Warehouses

      Versatile warehouses ideal for logistics, office, or light industrial uses.
      931 N Amphlett Blvd, San Mateo, CA 94401
      View Details
    • Contact for pricing

      Downtown San Mateo Office Space

      Office space for lease in downtown San Mateo near Caltrain.
      181 2Nd Ave, San Mateo, CA 94402
      View Details
    • Contact for pricing

      San Mateo Office Space Available

      Office space for lease in easily accessible San Mateo location.
      205 E 3Rd Ave, San Mateo, CA 94401
      View Details
    • Contact for pricing

      Downtown San Mateo Office Space

      Office space for lease in downtown San Mateo with on-site parking.
      2 West 5Th Ave, San Mateo, CA 94402
      View Details
    • $5,400 /Mo

      Medical/Dental Condo on Peninsula Ave

      Newly constructed medical/dental condo on the San Mateo-Burlingame border.
      420 Peninsula Ave, San Mateo, CA 94401
      View Details
    • $2,775 /Mo

      San Mateo Office Space Available

      Second-floor office space with new floors and ample natural light.
      100 N B St, San Mateo, CA 94401
      View Details
    • $3,675 /Mo

      Downtown San Mateo Retail Opportunity

      Prime commercial space in vibrant downtown San Mateo, across from Central Park.
      153 E 5Th Ave, San Mateo, CA 94401
      View Details
    • $1,900 /Mo

      Remodeled Office Space For Rent

      650 sq ft remodeled office space with parking included.
      116 E 25Th Ave, San Mateo, CA 94403
      View Details

    FAQs

    What type of property is this?
    Office units - Corner office suite available for sublease near amenities.
    Where is this office units located?
    The property is located at 411 Borel Ave San Mateo, CA.
    What are key features of this property?
    This property features: - Corner suite with **3 sides of glass**; - **Plug and play opportunity**; - Walking distance to restaurants, fitness, and other amenities
    Request Owner's contact information
    411 Borel Ave San Mateo, CA 94402
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    411 Borel Ave
    San Mateo, CA 94402
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    411 Borel Ave San Mateo, CA 94402
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Held
    Real Estate License ID: 01202476
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!