For Sale
$16,498,000
1775 Marco Polo WAY, Burlingame, CA 94010
Apartment buildings
Property Size23,075 SF
Lot Size0.90 Acres
Price / SF$714.97
Days on Market231
Property Features for 1775 Marco Polo WAY
General Information
Standard status
Active
Size
23,075 SF
Lot size
0.90 Acres
Property subtype
FiveOrMoreUnits
Building Details
Building Size
23,075 SF
Year Built
1957
Listing Agency:
Marcus & Millichap
Listed By:
Sam Runco · License #01977683
(650) 759-3414
Source:
Johnpaye
Added: Mar 5
Changed: Oct 21
Last Checked: Oct 21 at 6:01AM
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
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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.
Key Highlights
- Significant rental upside potential through unit upgrades.
- Extensive capital improvements completed.
- Diverse unit mix: studios, one‑bedroom, and two‑bedroom units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$628,034
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,560,680
$12.6M
Cap Rate 7%
$8,971,914
$9.0M
Cap Rate 9%
$6,978,156
$7.0M
Market Conditions
NOI Build-Up for 23,075 SF
Gross rent
$1.20M $52.20/SF
− Vacancy
−$62.6K −$2.71/SF
EGI
$1.14M $49.49/SF
− OpEx
−$513.8K −$22.27/SF
NOI
$628.0K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,560,680
Cap Rate 7%
$8,971,914
Cap Rate 9%
$6,978,156
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,733
Businesses Nearby
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Business Placement
Demographics for 94010, CA
44,045
Population
17,834
Households
2.5
Avg Household Size
42
Median Age
69%
College-Educated
96%
High-School Grad
15.1 sq mi
ZIP Area
2,917
Density / Sq Mi
$191,758
Median Household Income
$101,100
Median Earnings
$2,655
Median Rent
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
