Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    700-800 South Claremont St San Mateo, CA 94402

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3 SF/Yr ($1,873 /Mo)

    Office space in downtown San Mateo, near Caltrain.

    Property size:
    6,424 SF
    Lot size:
    1.21 Acres

    Property Features for 700-800 South Claremont St

    General Information

    Size
    6,424 SF
    Lot size
    1.21 Acres

    We can help!

    Listing Contact
    John Held
    Source: Moodyscre

    Listing Agent: John Held

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

    Learn more

    Overview

    Downtown San Mateo Office Space

    Located in downtown San Mateo, this office space is an 8-minute walk to Caltrain and downtown amenities, including restaurants, banks, services, and B Street. The property offers on-site ownership, management, and construction services. Tenant improvements are available. The layout includes a conference room, 11 private offices, an open workspace, a reception area, a break room, and a storage room. The property provides 6424 square feet of office space.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    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
    -122.318469
    Latitude
    37.563827

    Nearby Similar for Lease

    • $12,900 /Mo
      5,470 SF

      San Mateo Commercial Warehouses

      Versatile warehouses ideal for logistics, office, or light industrial uses.
      929-931 N Amphlett Blvd, San Mateo, CA 94401
      View Details
    • $3,675 /Mo

      Downtown San Mateo Retail Opportunity

      Prime commercial space in vibrant downtown San Mateo location.
      153 E 5Th Ave, San Mateo, CA 94401
      View Details
    • $3 SF/Yr
      68,025 SF

      Modern Office Space with Bay Views

      Customizable office space with excellent highway visibility and transportation access.
      3055 Clearview Way, San Mateo, CA 94402
      View Details
    • $3 SF/Yr
      66,945 SF

      San Mateo Office Space Available

      Flexible office buildings with customizable interiors and panoramic views.
      3125 Clearview Way, San Mateo, CA 94402
      View Details
    • $3 SF/Yr
      49,856 SF

      Modern Office Space with Views

      Customizable office space with bay views and excellent amenities.
      3155 Clearview Way, San Mateo, CA 94402
      View Details
    • $40 SF/Yr
      1,859 SF

      San Mateo Fitness Center Space

      1,859 SF Retail Space in Bay Area
      93 Bovet Rd, San Mateo, CA 94402
      View Details
    • Contact for pricing
      22,700 SF

      Versatile Flex Space in San Mateo

      22,700 SF flex space with excellent amenities and access.
      951 Mariners Island Blvd, San Mateo, CA 94404
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near Caltrain Station

      Retail and dining opportunities in downtown San Mateo.
      20 N Ellsworth Ave, San Mateo, CA 94401
      View Details
    • Contact for pricing
      680 SF

      Turnkey Office Suites Available

      Modern, updated office suites with high-end finishes and tenant allowance.
      161 W 25Th Ave, San Mateo, CA 94403
      View Details
    • Contact for pricing
      18,500 SF

      Downtown San Mateo Retail Space

      Large retail space suitable for a grocer in downtown San Mateo.
      222 E 4Th Ave, San Mateo, CA 94401
      View Details
    • Contact for pricing
      340,000 SF

      Bayshore Corporate Commons Office Space

      Prime Bay Area Office Building, Multiple Suites Available
      1650 Amphlett Blvd, San Mateo, CA 94402
      View Details
    • $6 SF/Yr
      19,910 SF

      San Mateo Office Space Available

      Office space in walkable, mixed-use community near Bay Meadows.
      3050 S Delaware St, San Mateo, CA 94403
      View Details

    FAQs

    What type of property is this?
    Office space - Office space in downtown San Mateo, near Caltrain.
    Where is this office space located?
    The property is located at 700-800 South Claremont St San Mateo, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - Prime Downtown San Mateo Location; - Just an 8-minute walk to Caltrain and downtown amenities; - Benefit from on-site ownership, management, and construction services
    (650) 533-7960
    Request Owner's contact information
    700-800 South Claremont St 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.
    700-800 South Claremont St
    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
    700-800 South Claremont St 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
    (650) 533-7960
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.