Add Listing
    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

    116-134 S B St San Mateo, CA 94401

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

    Fitness space with lower-level storage near transportation.

    Property size:
    1,860 SF
    Lot size:
    0.37 Acres

    Property Features for 116-134 S B St

    General Information

    Size
    1,860 SF
    Lot size
    0.37 Acres

    We can help!

    Listing Contact
    Michael Seigel
    Michael Seigel
    Source: Moodyscre

    Listing Agency: Lockehouse Retail Group Listing Agent: Michael Seigel

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

    Learn more

    Overview

    Fitness Space Near Caltrain Station

    This 1,860-square-foot property is built out for fitness use. It features two restrooms, lower-level storage, and excellent lighting. The property is located on South B Street, across from the Caltrain station and a city parking garage. The trade area includes San Mateo, Burlingame, and Hillsborough.
    Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Laura Castro Fit, apex iron personal training, The Shadow Builders, CamillePLift, Maggie's Personal

    Location Insight

    • Map
    • Local Demand
    City
    San Mateo
    County
    San Mateo
    State
    California
    Longitude
    -122.323869
    Latitude
    37.566522

    Nearby Similar for Lease

    • New
      $20,230
      8,500 SF

      San Mateo Commercial Lease Opportunity

      Two-story building with modern amenities available for lease.
      1009 S Claremont St, San Mateo, CA 94402
      View Details
    • $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
      New
      Contact for pricing

      Spaces Clocktower

      Workspaces, services and support to help you grow your business in Spaces Clocktower
      3 3Rd 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
    • $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.
      116 E 25Th Ave, San Mateo, CA 94403
      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
    • $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
    • $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
    • $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
    • Contact for pricing

      Downtown San Mateo Office Space

      Class A+ office building with large floorplates and sustainable design.
      200 E 4Th Ave, San Mateo, CA 94401
      View Details
    • Contact for pricing

      Office Space with Modern Amenities

      Office space for lease with convenient highway access and modern amenities.
      777 Mariners Island Blvd, San Mateo, CA 94404
      View Details

    FAQs

    What type of property is this?
    Fitness center & gym - Fitness space with lower-level storage near transportation.
    Where is this fitness center & gym located?
    The property is located at 116-134 S B St San Mateo, CA.
    What are key features of this property?
    This property features: - Across from Caltrain station and city parking garage; - Beautifully built out for fitness; - 2 Quality restrooms
    (650) 692-3400 Call to check price and availability
    Request Owner's contact information
    116-134 S B St San Mateo, CA 94401
    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.
    116-134 S B St
    San Mateo, CA 94401
    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
    116-134 S B St San Mateo, CA 94401
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Seigel
    Michael Seigel
    (650) 692-3400 (650) 597-6424
    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!