Add Listing
    For Sale
    • 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

    123 El Camino Real Millbrae, CA 94030

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $100,000

    Grocery store business for sale in Millbrae, California.

    Type:Commercial
    Property size:
    4,977 SF
    Lot size:
    2.01 Acres
    Added:
    Nov 21, 2025
    Days on Market:
    150
    Last Refresh:
    Apr 5 at 9:24 pm

    Property Features for 123 El Camino Real

    General Information

    Standard status
    Active
    Size
    4,977 SF
    Lot size
    2.01 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2010

    We can help!

    Listing Contact
    ANDY YUNG

    Listing agent ANDY YUNG

    Listing office AA&Y REALTY

    Listing date Nov 21, 2025

    Source Corcoran

    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 AA&Y REALTY

    Overview

    Millbrae Grocery Store Business Opportunity

    This is a business opportunity to acquire an Asian grocery store located in downtown Millbrae. The sale includes equipment and fixtures, three vehicles for delivery purposes, and an online store. The property includes access to two small warehouses, each approximately 100 to 150 square feet, located next to the garage. Approximately 15 parking spaces are available in the garage. The property size is 4977 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sun's Market (Bike/Boat/Book/etc) Store dasdfa Theater & Performing Art Venue

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Dean's Produce — 451 Broadway, Millbrae, CA 94030
    • Andrea's Market — 1601 El Camino Real, Millbrae, CA 94030
    • Sun's Market — 123 El Camino Real, Millbrae, CA 94030
    • Safeway — 525 El Camino Real, Millbrae, CA 94030

    Location Insight

    • Map
    • Local Demand
    City
    Millbrae
    County
    San Mateo
    State
    California
    Longitude
    -122.389
    Latitude
    37.5995

    Nearby Similar for Sale

    • $2,985,000
      6,200 SF

      Millbrae Commercial Property For Sale

      Commercial property available for purchase in Millbrae, California.
      186 El Camino Real, Millbrae, CA 94030
      View Details
    • $6,500,000
      21,691 SF

      Millbrae Food Processing/Distribution Facility

      Free-standing facility with commercial kitchen and covered dock platform.
      370 Adrian Rd, Millbrae, CA
      View Details
    • $3,390,000
      6,200 SF

      Mixed-Use Development Site Near Transit

      Prime development site near transit for mixed-use building.
      186 El Camino Real, Millbrae, CA 94030
      View Details
    • $3,500
      1,400 SF

      Retail Space Near Transit Hub

      Retail space with parking near BART and Caltrain.
      9 Unit A Unit A, Millbrae, CA 94030
      View Details
    • $7,158
      1,688 SF

      Downtown Retail Space Available

      1688 sqft retail space in a bustling downtown district.
      979 Unit 103 Unit 103, Millbrae, CA 94030
      View Details
    • $19,000

      High Visibility Location, Foot Traffic

      Located near transportation, retail, and dining with ample parking.
      199 Drive Unit 2nd Floo Unit 2nd Floo, Millbrae, CA 94030
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Grocery store business for sale in Millbrae, California.
    Where is this grocery and convenience store located?
    The property is located at 123 El Camino Real Millbrae, CA.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Established Asian grocery store business opportunity in downtown Millbrae.; Includes equipment and fixtures.; Comes with 3 vehicles for delivery services.
    (650) 455-5328
    We can help!
    Listing Contact
    ANDY YUNG
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!