Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    667-669 Crespi Dr Pacifica, CA 94044

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,400,000

    Multi-tenant building in Linda Mar district with value-add potential.

    Lot size:
    0.42 Acres

    Property Features for 667-669 Crespi Dr

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.42 Acres

    Building Details

    Year built
    1964

    We can help!

    Listing Contact
    Cameron Jeffs
    Source: Elliman

    Listing Agent: Cameron Jeffs

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

    Learn more

    Overview

    Pacifica Medical/Professional Office Building

    This multi-tenant medical and professional office building is located in the heart of Pacifica's Linda Mar district. The property offers 7,184 square feet of gross leasable area on an 18,295 square foot lot. It features 14 suites with 9 established tenants and 3 vacant units, offering immediate upside potential. The tenancy is comprised of medical professionals, dentists, podiatrists, wellness providers, and other professionals, creating a stable and synergistic tenant mix. The property's flexible suite layout and zoning allow for continued multi-tenant operation or conversion to an owner-user headquarters with additional income from surrounding suites. With rents below market and vacancy upside, this asset presents a compelling value-add or owner-user investment along one of the most sought-after stretches of the Northern California coast. Located just off Hwy 1, the property benefits from excellent visibility and accessibility within walking distance to Linda Mar Beach, Safeway Shopping Center, and a vibrant mix of local anchor businesses including McDonald's, Starbucks, Chase Bank, and Ross. This highly desirable corridor along the San Mateo County Coast offers limited supply and consistent demand from professional and medical tenants seeking proximity to both San Francisco and the Mid-Peninsula.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Similar Places Nearby

    Linda Mar Veterinary Hospital, Cucaro Angelique DVM, Donna Tanzella, PhD, DVM, Claudine Falcis, DVM, Dana Thistlethwaite, DVM

    Location Insight

    • Map
    • Local Demand
    City
    Pacifica
    County
    San Mateo
    State
    California
    Longitude
    -122.4967211
    Latitude
    37.596502

    Nearby Similar for Sale

    • $780,000
      1,440 SF

      Versatile Commercial Unit in Pacifica

      1,440 sq. ft. unit ideal for warehouse or office.
      580 Crespi Dr, Pacifica, CA 94044
      View Details
    • $3,288,000
      7,480 SF

      Mixed-Use Asset in Pacifica

      Mixed-use property in Pacifica, CA, near San Francisco.
      1625 Palmetto Ave, Pacifica, CA 94044
      View Details
    • $28,250,000

      Pacifica Esplanade Property For Sale

      Esplanade property in Pacifica, CA available for purchase.
      Esplanade Ave, Pacifica, CA 94044
      View Details
    • $3,400,000

      Pacifica Specialty Property For Sale

      Specialty property available for purchase in Pacifica, California.
      667-669 Crespi Dr, Pacifica, CA 94044
      View Details
    • $120,000
      1,300 SF

      Pacifica Hospitality Opportunity For Sale

      1,300 SF building suitable for hospitality ventures in Pacifica.
      580 Crespi Dr, Pacifica, CA 94044
      View Details
    • Contact for pricing
      2,248 SF

      Pacifica Gas Station Investment Property

      Nationally branded gas station with a strong lease in place.
      95 Bill Drake Way, Pacifica, CA 94044
      View Details
    • $2,100,000
      5,137 SF

      Five-Unit Apartment Building in Pacifica

      Well-maintained five-unit apartment building in Pacifica's desirable Sharp Park district.
      160 Clarendon Rd, Pacifica, CA 94044
      View Details
    • $2,100,000
      5,137 SF

      Pacifica Multifamily Investment Opportunity

      Five-unit apartment building in Pacifica's Sharp Park district.
      Clarendon Rd, Pacifica, CA 94044
      View Details
    • $350,000
      0.07 Acres

      Prime Pacifica Coastal Lot

      Oceanview Commercial Land, Highway 1 Access
      Old County Rd, Pacifica, CA 94044
      View Details
    • Contact for pricing
      2,400 SF

      Established 7-Eleven Store for Sale

      Long-term leased 7-Eleven near beach and pier.
      100 Clarendon Rd, Pacifica, CA 94044
      View Details
    • Contact for pricing
      0.33 Acres

      Pacifica Mixed-Use Investment Opportunity

      Prime Pacifica location, 0.33-acre lot, high potential.
      1200 Ave, Pacifica, CA 94044
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Multi-tenant building in Linda Mar district with value-add potential.
    Where is this medical office space located?
    The property is located at 667-669 Crespi Dr Pacifica, CA.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: - Prime location in Pacifica's Linda Mar district, near Linda Mar Beach, Safeway, and other anchor businesses.; - Value-add investment opportunity with below-market rents and **3 vacant suites offering immediate upside potential**.; - Stable and synergistic tenant mix of medical and professional tenants.
    (650) 504-2002
    Request Owner's contact information
    667-669 Crespi Dr Pacifica, CA 94044
    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.
    667-669 Crespi Dr
    Pacifica, CA 94044
    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
    667-669 Crespi Dr Pacifica, CA 94044
    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
    Cameron Jeffs
    (650) 504-2002 (650) 726-1100 (415) 990-5934
    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!