First-Floor Office
For Sale
Contact for pricing
1641 El Camino Real, Millbrae, CA 94030
The office space is positioned on the building’s first floor.
Property Size9,040 SF
Price / SF$0.19
Days on Market160
Property Features for 1641 El Camino Real
General Information
Standard status
Active
Size
9,040 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Floor
First Floor
Property Use
Office
Building Details
Year Built
1948
Listing Agency:
REMAX Gold Pacifica
(650) 359-5800
Listed By:
Veronica Avelar · License #01406363
(415) 565-9252
Source:
Giuffreproperties
Added: May 26
Changed: Oct 30
Last Checked: Nov 1 at 1:33AM
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 REMAX Gold Pacifica
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property includes first-floor space in a building constructed in 1948. Its address is 1641 El Camino Real in Millbrae, California.
The property is described as near shops, restaurants, and public transportation, with freeway access.
The property is described as near shops, restaurants, and public transportation, with freeway access.
Key Highlights
- First‑floor office space
- Built in 1948
- 1641 El Camino Real, Millbrae, CA 94030
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$289,533
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,790,660
$5.8M
Cap Rate 7%
$4,136,186
$4.1M
Cap Rate 9%
$3,217,033
$3.2M
Market Conditions
NOI Build-Up for 9,040 SF
Gross rent
$496.8K $54.96/SF
− Vacancy
−$110.8K −$12.26/SF
EGI
$386.0K $42.70/SF
− OpEx
−$96.5K −$10.68/SF
NOI
$289.5K $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%
$5,790,660
Cap Rate 7%
$4,136,186
Cap Rate 9%
$3,217,033
Alternative Uses
Best Use
Office B
$4.14M
$3.62M – $4.83M
NOI $289,533 @ 7.0% cap · market cap 17,031.35%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.18M
$6.28M – $8.38M
NOI $502,641 @ 7.0% cap · market cap 29,567.12%
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Explore this area
Business Placement
Demographics for 94030, CA
23,212
Population
8,566
Households
2.7
Avg Household Size
43
Median Age
50%
College-Educated
93%
High-School Grad
3.4 sq mi
ZIP Area
6,827
Density / Sq Mi
$157,567
Median Household Income
$74,128
Median Earnings
$3,401
Median Rent
$1,929,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The office space is positioned on the building’s first floor.
Where is this office unit located?
The property is located at 1641 El Camino Real Millbrae, CA.
What are key features of this property?
This property features: First‑floor office space; Built in 1948; 1641 El Camino Real, Millbrae, CA 94030
