Medical Building with Development
1261 E Hillsdale Blvd Foster City, CA
1261 E Hillsdale Blvd, Foster City, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Single-story medical building on a prime one-acre lot.
Property Size12,760 SF
Lot Size0.99 Acres
Price / SF$544.67
Days on Market809
Property Features for 1261 E Hillsdale Blvd
General Information
- Standard status
- Active
- Size
- 12,760 SF
- Lot size
- 0.99 Acres
- Property subtype
- OFFICE
Listing Agency
Marcus & Millichap
(562) 257-1222
Listed by
Hiu Chan
(562) 257-1222
Source
Moodyscre
Added: May 3, 2024 Updated: Jul 6 at 10:18 am Checked: Jul 20 at 3:40 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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This single-story medical building offers an excellent opportunity for a medical owner-user investment. The property is centrally located on a major thoroughfare of the Peninsula, providing freeway exposure. Situated on a one-acre lot, the property presents potential for future development. The fully improved medical space includes 206V/600amp electrical service. Ample surface parking is available, with a ratio of 5 spaces per 1000 square feet. The property is in close proximity to major hospitals and offers convenient access to the San Mateo Bridge. The building has a total size of 12760 square feet.
Key Highlights
- Excellent medical owner/user investment opportunity
- Rare single‑story medical building with ground floor access
- Prime one acre lot for future development
Local Financial Insights For Office B
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 | $701.3k | $54.96 |
| − Vacancy | −$156.4k | −$12.26 |
| EGI | $544.9k | $42.70 |
| − OpEx | −$136.2k | −$10.68 |
| NOI | $408.7k | $32.03 |
12,760 SF · lease $54.96/SF/yr · vacancy 22.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.84M
$5.11M – $6.81M
NOI $408,677 @ 7.0% cap · market cap 5.88%
Second Best
Healthcare Medical
$5.82M
$5.09M – $6.79M
NOI $407,269 @ 7.0% cap · market cap 5.86%
Theoretical Best
Warehouse
$10.14M
$8.87M – $11.82M
NOI $709,479 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Animal Cove Pet Hospital — 1940 Beach Park Blvd, San Mateo, CA 94404
- Petco Vaccination Clinic — 3012 Bridgepointe Pkwy, San Mateo, CA 94404
FAQs
What type of property is this?
Medical Office Space - Single-story medical building on a prime one-acre lot.
Where is this medical office space located?
The property is located at 1261 E Hillsdale Blvd Foster City, CA.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Excellent medical owner/user investment opportunity; Rare single‑story medical building with ground floor access; Prime one acre lot for future development
