Modern Solar-Powered Flex
For Sale
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1401 Old County RD, San Carlos, CA 94070
Flex/industrial facility built in 1952 and modernized in 2016 as a fully electric, solar-powered building.
Property Size9,795 SF
Days on Market171
Property Features for 1401 Old County RD
General Information
Standard status
Active
Size
9,795 SF
Property subtype
CommercialProperty
Building Details
Building Size
9,795 SF
Year Built
1957
Year Renovated
2016
Listing Agency:
SC Properties
Listed By:
Jake Richardson · License #02217355
(650) 302-3011
Source:
Lynnnorth
Added: May 4
Changed: Oct 9
Last Checked: Oct 21 at 7:06AM
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 SC Properties
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Investment Insights
Based on property information with market context.
1401 Old County Road is a flex/industrial building with creative office attributes, originally constructed in 1952 as the manufacturing and distribution facility for W.H. Glass. The property underwent a comprehensive transformation in 2016, reimagining the facility as a modern, fully electric, high-performance environment. The improvements highlighted in the offering include advanced mechanical systems and an integrated smart building infrastructure, executed with a focus on long-term efficiency.
The building is offered for sale in San Carlos, California.
With approximately 9,795 square feet of space, the asset combines its industrial heritage with a technology-forward design approach, including solar-powered functionality.
The building is offered for sale in San Carlos, California.
With approximately 9,795 square feet of space, the asset combines its industrial heritage with a technology-forward design approach, including solar-powered functionality.
Key Highlights
- Built in 1957 (originally constructed in 1952) as the W.H. Glass manufacturing and distribution facility
- Modernized in 2016 into a fully electric commercial building
- Solar‑powered building with a technologically sophisticated, smart building infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$313,714
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,274,280
$6.3M
Cap Rate 7%
$4,481,629
$4.5M
Cap Rate 9%
$3,485,711
$3.5M
Market Conditions
NOI Build-Up for 9,795 SF
Gross rent
$538.3K $54.96/SF
− Vacancy
−$120.0K −$12.26/SF
EGI
$418.3K $42.70/SF
− OpEx
−$104.6K −$10.68/SF
NOI
$313.7K $32.03/SF
Area
San Mateo County, CA
Vacancy
22.30%
Lease Rate
$54.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,274,280
Cap Rate 7%
$4,481,629
Cap Rate 9%
$3,485,711
Alternative Uses
Best Use
Industrial
$6.41M
$5.61M – $7.48M
NOI $448,511 @ 7.0% cap · market cap 44,851,100.00%
Second Best
Flex RnD
$5.55M
$4.86M – $6.48M
NOI $388,505 @ 7.0% cap · market cap 38,850,500.00%
Theoretical Best
Warehouse
$7.78M
$6.81M – $9.08M
NOI $544,620 @ 7.0% cap · market cap 54,462,000.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,168
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 94070, CA
31,585
Population
11,958
Households
2.6
Avg Household Size
42
Median Age
68%
College-Educated
97%
High-School Grad
6.1 sq mi
ZIP Area
5,178
Density / Sq Mi
$235,373
Median Household Income
$118,194
Median Earnings
$2,802
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex/industrial facility built in 1952 and modernized in 2016 as a fully electric, solar-powered building.
Where is this flex space located?
The property is located at 1401 Old County RD San Carlos, CA.
What are key features of this property?
This property features: Built in 1957 (originally constructed in 1952) as the W.H. Glass manufacturing and distribution facility; Modernized in 2016 into a fully electric commercial building; Solar‑powered building with a technologically sophisticated, smart building infrastructure
