1775 Marco Polo Way Burlingame, CA 94010
1775 Marco Polo Way, Burlingame, CA, 94010
$16,498,000
For Sale
$16,498,000
Apartment buildings
Property Size23,075 SF
Lot Size0.90 Acres
Price / SF$714.97
Days on Market489
Property Features for 1775 Marco Polo Way
General Information
- Standard status
- Active
- Size
- 23,075 SF
- Lot size
- 0.90 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing agency
MARCUS & MILLICHAP
(650) 391-1700
Listed by
SAM RUNCO · License #01977683
Source
Corcoran
Added: Mar 20, 2025 Updated: Jul 6 at 10:24AM Checked: Jul 21 at 6:13AM
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.
Key Highlights
- Significant rental upside potential through unit upgrades.
- Extensive capital improvements completed.
- Diverse unit mix: studios, one‑bedroom, and two‑bedroom units.
Local Financial Insights For Apartment 5plus
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 | $1.20M | $52.20 |
| − Vacancy | −$62.6k | −$2.71 |
| EGI | $1.14M | $49.49 |
| − OpEx | −$513.8k | −$22.27 |
| NOI | $628.0k | $27.22 |
23,075 SF · lease $52.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$8.97M
$7.85M – $10.47M
NOI $628,034 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$18.33M
$16.04M – $21.38M
NOI $1,283,012 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
YM Construction Services
Construction Company
Marco Polo Apartments
Apartment Building
Similar For Sale Nearby
FAQs
Where is this apartment building located?
The property is located at 1775 Marco Polo Way Burlingame, CA.
What is the asking price?
The asking price for this property is $16,498,000.
What are key features of this property?
This property features: Significant rental upside potential through unit upgrades.; Extensive capital improvements completed.; Diverse unit mix: studios, one‑bedroom, and two‑bedroom units.
