15 - 17 37th Avenue, San Mateo, CA 94403
Retail space leased to national veterinary network near El Camino.
- Added:
- Mar 25, 2026
- Days on Market:
- 107
- Last Refresh:
- Jul 4 at 12:32 am
Property Features for 15 - 17 37th Avenue
General Information
- Standard status
- Active
- Size
- 3,238 SF
- Property subtype
- Retail
Listing office CBRE | San Francisco (415) 559-8230
Listing date Mar 25, 2026
Source Cbre
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 CBRE | San Francisco
HighLights
- Long‑term lease in place until January 2032, with two 5‑year options
- Located one block from El Camino Real in the desirable Hillsdale area of San Mateo
- Tenant is a national veterinary network with over 450 hospitals
- $9,656/month rental income with 3% annual increases
- Excellent location with easy access and minutes from Hillsdale Caltrain station
- Zoned C1 - Neighborhood Commercial
Overview
Local Financial Insights For Retail
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 | $124.0k | $38.28 |
| − Vacancy | −$5.8k | −$1.80 |
| EGI | $118.1k | $36.48 |
| − OpEx | −$35.4k | −$10.94 |
| NOI | $82.7k | $25.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- San Mateo
- County
- San Mateo
- State
- California
- Longitude
- -122.294656
- Latitude
- 37.534372
