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Mixed-Use Winery and Event Property
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12341 San Mateo RD, Half Moon Bay, CA 94019

A one-bedroom residence sits alongside dining and living areas used for private gatherings and business meetings.

Property Size6,254 SF
Price / SF$2.40
Days on Market283

Property Features for 12341 San Mateo RD

General Information

Standard status Active
Size 6,254 SF

Building Details

Year Built 1970
Listing Agency: Compass
Listed By: Guy Giuffre · License #1393931
Source: Giuffreproperties
Added: Jan 22 Changed: Nov 1 Last Checked: Nov 1 at 12:24AM

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 Compass

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property includes a one-bedroom home currently operated as a short-term vacation rental. Separate living and dining rooms, with a private bathroom, serve as space for private parties and corporate meetings. The property is also operating as a winery, tasting room, and event venue, with indoor and outdoor areas for gatherings.

The property is located along the Hwy 92 corridor leading into Half Moon Bay. Built in 1970, it combines residential accommodation with spaces used for hospitality and events.

Key Highlights

  • Operating winery, tasting room, and event venue
  • One‑bedroom home used as a short‑term vacation rental
  • Living and dining rooms with a private bathroom used for meetings and private events

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$170,216
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,404,320 $3.4M
Cap Rate 7%
$2,431,657 $2.4M
Cap Rate 9%
$1,891,289 $1.9M
Market Conditions
NOI Build-Up for 6,254 SF
Gross rent
$326.5K $52.20/SF
− Vacancy
−$17.0K −$2.71/SF
EGI
$309.5K $49.49/SF
− OpEx
−$139.3K −$22.27/SF
NOI
$170.2K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,404,320
Cap Rate 7%
$2,431,657
Cap Rate 9%
$1,891,289

Alternative Uses

Best Use
Mixed Use
$2.89M
$2.53M – $3.37M (±1% cap)
NOI $202,027 @ 7.0% cap · market cap 1,346.85%
Second Best
Apartment 5plus
$2.43M
$2.13M – $2.84M (±1% cap)
NOI $170,216 @ 7.0% cap · market cap 1,134.77%
Theoretical Best
Warehouse
$4.97M
$4.35M – $5.80M (±1% cap)
NOI $347,734 @ 7.0% cap · market cap 2,318.23%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Vineyards

Suggested Use

Top Pick Furniture & Home Goods Grocery & Convenience Store Pet Store & Service Gym & Fitness Center Food Market Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

45
Businesses Nearby

Demographics for 94019, CA

15,483
Population
5,849
Households
2.6
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
59.7 sq mi
ZIP Area
259
Density / Sq Mi
$153,272
Median Household Income
$72,042
Median Earnings
$1,977
Median Rent
$1,509,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A one-bedroom residence sits alongside dining and living areas used for private gatherings and business meetings.
Where is this mixed-use property located?
The property is located at 12341 San Mateo RD Half Moon Bay, CA.
What are key features of this property?
This property features: Operating winery, tasting room, and event venue; One‑bedroom home used as a short‑term vacation rental; Living and dining rooms with a private bathroom used for meetings and private events
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Includes: Price & PSF · Cap rate · Location · Zoning

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