Mixed-Use Asset in
1625 Palmetto Avenue Pacifica, CA 94044
1625 Palmetto Avenue, Pacifica, CA, 94044
$3,288,000
For Sale
$3,288,000
Mixed-use property in Pacifica, CA, near San Francisco.
Property Size7,480 SF
Lot Size0.25 Acres
Price / SF$439.57
Days on Market165
Property Features for 1625 Palmetto Avenue
General Information
- Standard status
- Active
- Size
- 7,480 SF
- Lot size
- 0.25 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1981
Listing Agency
MARCUS & MILLICHAP
(650) 391-1700
Listed by
COLE SIMPSON · License #(S):CA:02016525
Source
Corcoran
Added: Feb 5 Checked: Jul 19 at 4:38 am
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 MARCUS & MILLICHAP
Investment Insights
Based on property information with market context.
The property at 1625 Palmetto Ave is a mixed-use asset in Pacifica, California. Constructed in 1981, the building has a gross area of approximately 7,480 square feet and is situated on a 10,835 square foot parcel of land. The property features one-bedroom and retail floor plans. Tenants have access to private balconies, garage parking, and an on-site laundry facility. Pacifica is a beachfront city located fifteen minutes from San Francisco. Highway 1 provides access to SFO and San Jose International. The city offers hiking trails at Mori Point, Milagra Ridge, and Sweeney Ridge, as well as beaches along the shoreline at Rockaway Beach and Sharp Park Beach. Pacifica is a location for families, with school districts and high value homes.
Key Highlights
- Mixed‑use property in desirable Pacifica, CA, near San Francisco.
- 7,480 sq ft building on a 10,835 sq ft lot.
- Features beautifully designed one‑bedroom and retail floor plans.
Local Financial Insights For Mixed Use
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 | $513.4k | $68.64 |
| − Vacancy | −$126.8k | −$16.95 |
| EGI | $386.6k | $51.69 |
| − OpEx | −$145.0k | −$19.38 |
| NOI | $241.6k | $32.30 |
7,480 SF · lease $68.64/SF/yr · vacancy 24.70% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$3.45M
$3.02M – $4.03M
NOI $241,632 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$2.91M
$2.54M – $3.39M
NOI $203,584 @ 7.0% cap · market cap 6.19%
Theoretical Best
Warehouse
$5.94M
$5.20M – $6.93M
NOI $415,902 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in Pacifica, CA, near San Francisco.
Where is this mixed-use property located?
The property is located at 1625 Palmetto Avenue Pacifica, CA.
What is the asking price?
The asking price for this property is $3,288,000.
What are key features of this property?
This property features: Mixed‑use property in desirable Pacifica, CA, near San Francisco.; 7,480 sq ft building on a 10,835 sq ft lot.; Features beautifully designed one‑bedroom and retail floor plans.
