Your AI Navigator in Commercial Real Estate
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

    550 Allerton St Redwood City, CA 94063

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6 SF/Yr ($8,621 /Mo)

    Under construction office building near Caltrain in downtown Redwood City.

    Property size:
    14,886 SF
    Lot size:
    0.36 Acres

    Property Features for 550 Allerton St

    General Information

    Size
    14,886 SF
    Lot size
    0.36 Acres

    We can help!

    Listing Contact
    Christian Prelle
    Source: Moodyscre

    Listing Agent: Christian Prelle

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

    Learn more

    Property Insight Report

    Overview

    New Redwood City Office Space

    This under-construction, six-story freestanding office building is located in downtown Redwood City, offering views of the San Francisco Bay and Western Foothills. The transit-oriented development is situated three blocks from the Caltrain Bullet Stop, providing convenient access to public transportation. The location offers access to nearby restaurants and shopping. The property features an outdoor terrace on the top floor, three levels of valet parking, and ample bike parking with showers. The office space includes a pantry/breakroom, 72 workstations/cubicles, and 14 conference rooms (5 small, 5 medium, and 4 large), as well as storage. There are also 4 EV charging stations for parking. The property, located at 550 Allerton, is expected to be delivered in Q1/Q2 2018 and offers 14,886 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ChargePoint Charging Station Electric Vehicle Charging Station Gunderson Dettmer Law Firm United SF Parking Parking Garage

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Redwood City
    County
    San Mateo
    State
    California
    Longitude
    -122.2315474
    Latitude
    37.4890727

    Nearby Similar for Lease

    • Contact for pricing
      16,600 SF

      Redwood City Retail/Office Space

      Modern retail and office spaces in downtown Redwood City.
      150 Elm St, Redwood City, CA 94063
      View Details
    • Contact for pricing

      Redwood City Office and Life Science

      Class A office and life science buildings with various amenities.
      Seaport Blvd, Redwood City, CA 94063
      View Details
    • $4 SF/Yr
      12,283 SF

      Redwood City Office Space Available

      Office space in Redwood City with flexible floor plans.
      1629 Main St, Redwood City, CA 94063
      View Details
    • $5 SF/Yr
      4,740 SF

      Redwood City Office/Flex/Retail/Lab Space

      Customizable 4,740 SF space near Caltrain in Redwood City.
      665 El Camino Real, Redwood City, CA 94063
      View Details
    • Contact for pricing
      3,258 SF

      El Camino Retail Opportunity

      Prime San Mateo Retail Space, ±3,258 SF
      776 El Camino Real, Redwood City, CA 94063
      View Details
    • $42 SF/Yr
      2,525 SF

      Downtown Redwood City Office Space

      Recently renovated office space in downtown Redwood City with parking.
      333 Bradford St, Redwood City, CA 94063
      View Details
    • $30 SF/Yr

      Redwood City Fitness Center Space

      Prime Bay Area fitness center sublease. 2,689 sq ft.
      1050 Broadway, Redwood City, CA 94063
      View Details
    • $3 SF/Yr
      9,864 SF

      Redwood City Office Space Available

      Office space with amenities and convenient transportation options.
      201 Redwood Shores Pkwy, Redwood City, CA 94065
      View Details
    • $3 SF/Yr
      18,400 SF

      Redwood City Office Space Available

      Freestanding, furnished office building in downtown Redwood City.
      305 Main St, Redwood City, CA 94063
      View Details
    • $2 SF/Yr
      1,112 SF

      Redwood City Office/Retail Space

      Office or retail spaces available for lease in Redwood City.
      648-650 El Camino Real, Redwood City, CA 94063
      View Details
    • Contact for pricing
      1,020 SF

      Redwood City Retail Space Available

      Retail space in a busy San Francisco Peninsula shopping center.
      256 Redwood Shores Pkwy, Redwood City, CA 94065
      View Details
    • Contact for pricing
      7,008 SF

      Class A Office Space Available

      Premier office space with water views and convenient amenities.
      1 Twin Dolphin Dr, Redwood City, CA 94065
      View Details

    FAQs

    What type of property is this?
    Office building - Under construction office building near Caltrain in downtown Redwood City.
    Where is this office building located?
    The property is located at 550 Allerton St Redwood City, CA.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Transit-oriented development: just 3 blocks from the Caltrain Bullet Stop.; - Downtown Redwood City location with access to restaurants and shopping.; - Enjoy the outdoor terrace on the top floor with San Francisco Bay and Western Foothill views.
    (650) 486-2200
    Request Owner's contact information
    550 Allerton St Redwood City, CA 94063
    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.
    550 Allerton St
    Redwood City, CA 94063
    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
    550 Allerton St Redwood City, CA 94063
    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
    Christian Prelle
    (650) 486-2200
    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.