Strip Mall Retail
For Sale
$2,100,000
1185 Laurel St, San Carlos, CA 94070
Established retail property offering a compact commercial footprint in a long-standing building.
Property Size2,633 SF
Price / SF$797.57
Days on Market48
Property Features for 1185 Laurel St
General Information
Standard status
Active
Size
2,633 SF
Property subtype
Shopping Strip
Amenities
Prime Investment Opportunity in Downtown San Carlos, CA
Two Tenant Building
Remodeled in 2023
Building Details
Building Size
2,633 SF
Year Built
1950
Listing Agency:
Marcus & Millichap - Palo Alto
Listed By:
Yuri Sergunin · License #License(s): CA: 01908322
(650) 391-1764
Source:
Marcusmillichap
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 12:47PM
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 Marcus & Millichap - Palo Alto
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This strip mall retail property contains 2,633 square feet and dates to 1950. The asset is located at 1185 Laurel St in San Carlos, California, providing a defined storefront setting within the city’s downtown area.
Key Highlights
- 2,633 square feet of retail property
- Located at 1185 Laurel St, San Carlos, CA 94070
- Building constructed in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,238
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,760
$1.3M
Cap Rate 7%
$960,543
$960.5K
Cap Rate 9%
$747,089
$747.1K
Market Conditions
NOI Build-Up for 2,633 SF
Gross rent
$100.8K $38.28/SF
− Vacancy
−$4.7K −$1.80/SF
EGI
$96.1K $36.48/SF
− OpEx
−$28.8K −$10.94/SF
NOI
$67.2K $25.54/SF
Area
San Mateo County, CA
Vacancy
4.70%
Lease Rate
$38.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,760
Cap Rate 7%
$960,543
Cap Rate 9%
$747,089
Alternative Uses
Best Use
Retail
$960.5K
$840.5K – $1.12M
NOI $67,238 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.09M
$1.83M – $2.44M
NOI $146,400 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,823
Businesses Nearby
84k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 47%
Shops & Services 28%
Dining 24%
Trader Joe's
Groceries
39,937 visits/mo
0.3 miles
Shell
Shops & Services
18,104 visits/mo
0.1 miles
Jack in the Box
Dining
16,149 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
5,345 visits/mo
0.1 miles
Baskin-Robbins
Dining
1,634 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Established retail property offering a compact commercial footprint in a long-standing building.
Where is this strip mall located?
The property is located at 1185 Laurel St San Carlos, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 2,633 square feet of retail property; Located at 1185 Laurel St, San Carlos, CA 94070; Building constructed in 1950
