Freestanding Office Building with Two
550 Price Ave Redwood City, CA 94063
New
550 Price Ave, Redwood City, CA, 94063
$4,295,000
For Sale
$4,295,000
Single-story office building on 20,000 square foot parcel with two suites, separate entrances, and 22 on-site parking spaces.
Property Size6,380 SF
Lot Size0.46 Acres
Price / SF$673.20
Days on Market3
Property Features for 550 Price Ave
General Information
- Standard status
- Active
- Size
- 6,380 SF
- Lot size
- 0.46 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1963
Listing agency
Anchor Realty
(415) 205-4370
Listed by
Mark Campana
(415) 205-4370
Source
Elliman
Added: Jul 20 Updated: Jul 21 at 9:27AM Checked: Jul 21 at 9:27AM
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 Anchor Realty
Investment Insights
Based on property information with market context.
Well-located single-story freestanding office building constructed in 1963, situated on a 20,000 square foot parcel. The property is currently configured as two office suites with separate entrances, providing flexibility for an owner-user, investor, or multi-tenant occupancy. Suite A offers 3,820 square feet, while Suite B offers 2,560 square feet. The building includes a reception area, controlled access, a security system, air conditioning, monument signage, and multiple points of entry.
The property is positioned along a highly accessible Veterans Boulevard corridor near Veterans Boulevard, US Highway 101, Woodside Road, Kaiser Hospital, and Downtown Redwood City. It is also surrounded by retail, dining, and service amenities.
On-site parking totals 22 spaces, including two accessible spaces, supporting day-to-day tenant and visitor needs.
The property is positioned along a highly accessible Veterans Boulevard corridor near Veterans Boulevard, US Highway 101, Woodside Road, Kaiser Hospital, and Downtown Redwood City. It is also surrounded by retail, dining, and service amenities.
On-site parking totals 22 spaces, including two accessible spaces, supporting day-to-day tenant and visitor needs.
Key Highlights
- Freestanding 6,380 SF, single‑story office building on a 20,000 SF parcel in Redwood City’s Veterans Boulevard corridor
- Configured as two office suites with separate entrances: Suite A 3,820 SF and Suite B 2,560 SF
- Controlled access with a security system and multiple points of entry
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $350.6k | $54.96 |
| − Vacancy | −$78.2k | −$12.26 |
| EGI | $272.5k | $42.70 |
| − OpEx | −$68.1k | −$10.68 |
| NOI | $204.3k | $32.03 |
6,380 SF · lease $54.96/SF/yr · vacancy 22.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.92M
$2.55M – $3.41M
NOI $204,338 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.07M
$4.43M – $5.91M
NOI $354,740 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Montalvo Stephen J
Law Firm
Silvestri Silvestri & Mialocq
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Single-story office building on 20,000 square foot parcel with two suites, separate entrances, and 22 on-site parking spaces.
Where is this office building located?
The property is located at 550 Price Ave Redwood City, CA.
What is the asking price?
The asking price for this property is $4,295,000.
What are key features of this property?
This property features: Freestanding 6,380 SF, single‑story office building on a 20,000 SF parcel in Redwood City’s Veterans Boulevard corridor; Configured as two office suites with separate entrances: Suite A 3,820 SF and Suite B 2,560 SF; Controlled access with a security system and multiple points of entry
