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

    Burlingame, CA 94010

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space near Burlingame Avenue, restaurants, amenities, and Caltrain.

    We can help!

    Listing Contact
    Deborah O'Reilly
    Source: Nmrk

    Listing Agent: Deborah O'Reilly

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

    Learn more

    Overview

    Burlingame Office Space for Lease

    This office space is available for lease and is located in the heart of Downtown Burlingame, one block from Burlingame Avenue restaurants, amenities, and the Caltrain Station. The available space is approximately 2,145 square feet, with an additional contiguous 305 square feet available. The office features two conference rooms, a kitchenette, and a private bathroom. It also includes a second-floor open balcony and a private outdoor deck. The rental rate is $4.35 per square foot gross, with the tenant responsible for PG&E and garbage expenses.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Burlingame
    County
    San Mateo
    State
    California
    Longitude
    -122.367
    Latitude
    37.567

    Nearby Similar for Lease

    • $3 SF/Yr
      1,367 SF

      Renovated Office Space Near Transit

      Modern office space with convenient access to transportation and amenities.
      831-839 Mitten Rd, Burlingame, CA 94010
      View Details
    • $1,300 /Mo

      Remodeled Office in Prime Location

      Remodeled office space with parking near downtown Burlingame.
      19 Park Rd, Burlingame, CA 94010
      View Details
    • Contact for pricing

      Modern Office Space with Amenities

      Burlingame office space featuring rooftop deck, parking, and Caltrain access.
      988 Howard Ave, Burlingame, CA 94010
      View Details
    • Contact for pricing
      21,183 SF

      Downtown Burlingame Office Space

      Office space in prime downtown location near transit and amenities.
      220 Park Rd, Burlingame, CA 94011
      View Details
    • Contact for pricing

      Downtown Burlingame Office Space Available

      Office space in downtown Burlingame, near Caltrain and amenities.
      320-350 Primrose Rd, Burlingame, CA 94010
      View Details
    • Contact for pricing

      Burlingame Warehouse with Truck Staging

      Warehouse near Highway 101 & SFO with truck staging.
      25 Ingold Rd, Burlingame, CA 94010
      View Details
    • Contact for pricing
      977 SF

      Retail Space in Downtown Burlingame

      Safeway-anchored retail space in affluent downtown Burlingame location.
      201-223 Primrose Rd, Burlingame, CA 94010
      View Details
    • Contact for pricing
      1,665 SF

      Retail Space in Downtown Burlingame

      Retail space in Safeway-anchored center with affluent demographics.
      235-249 Primrose Rd, Burlingame, CA 94010
      View Details
    • Contact for pricing
      1,450 SF

      Downtown Burlingame Office Space

      Office space in downtown Burlingame with convenient access.
      345 Lorton Ave, Burlingame, CA 94010
      View Details
    • $102 SF/Yr
      12,365 SF

      Class A+ Office Development

      Transit-oriented office development near Caltrain station, available Fall 2021.
      250 California Dr, Burlingame, CA 94010
      View Details
    • Contact for pricing
      5,000 SF

      Burlingame Flex Space Available

      Flex space with office and lab environment near transportation.
      1828 El Camino Real, Burlingame, CA 94010
      View Details
    • $4 SF/Yr
      2,145 SF

      Downtown Burlingame Office Space

      Office space in the heart of Downtown Burlingame.
      263 Hatch Ln, Burlingame, CA 94010
      View Details

    FAQs

    What type of property is this?
    Office space - Office space near Burlingame Avenue, restaurants, amenities, and Caltrain.
    Where is this office space located?
    The property is located at Burlingame, CA.
    What are key features of this property?
    This property features: - Prime Location: Heart of Downtown Burlingame, 1 block to Burlingame Avenue restaurants, amenities, and Caltrain Station.; - Flexible Space: **\u00b12,145 square feet available** with an additional \u00b1305 sf contiguous space option.; - Functional Layout: Includes 2 conference rooms, kitchenette, and private bathroom.
    (650) 358-5256
    Request Owner's contact information
    Burlingame, CA 94010
    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.
    Burlingame, CA 94010
    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
    Burlingame, CA 94010
    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
    Deborah O'Reilly
    Real Estate License ID: CalDRE #01895522
    (650) 358-5256
    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.