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    18 Visitacion Ave Brisbane, CA 94005

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    For Sale
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    Live, work, or rent in this mixed-use building!

    Property size:
    4,200 SF

    Property Features for 18 Visitacion Ave

    General Information

    Standard status
    Active
    Size
    4,200 SF

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    John Pang
    Source: Corcoran

    Listing Agency: REALTY ONE GROUP EXTREME Listing Agent: John Pang

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mixed-Use Building Under Construction

    This mixed-use property is currently under construction, offering a unique opportunity to live, work, or rent. The zoning allows for both residential and commercial use. The building features a retail storefront office downstairs, encompassing approximately 400 square feet, and two large condos, each with two bedrooms (optionally one bedroom) and two bathrooms, spanning approximately 1900 square feet. A community rooftop deck, approximately 600 square feet, offers mountain views. The condos feature 9-foot ceilings, except in the bathrooms, while the retail office boasts 12-foot ceilings. The property includes four parking spaces in the garage, which is equipped with a new car lift and turntable. There is no HOA currently, but future buyers could create one, along with CC&Rs, and potentially subdivide the property into three APNs for separate sales. Final permits will be provided upon completion. Architectural plans are available upon request. The building is equipped with a sump pump for water and a fire sprinkler system throughout. Sewer is connected. There are two furnaces for the two condos and one furnace for the retail store, all with AC. Three 65-gallon water heaters are present, along with a pump heater. The building has one house meter and individual meters for the office and two condos. A 400-amp panel serves the entire building, which is entirely electrical with no gas.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brisbane
    County
    San Mateo
    State
    California
    Longitude
    -122.4028513
    Latitude
    37.6843871

    Nearby Similar for Sale

    • $950,000
      900 SF

      Leased Retail Building in Brisbane

      Fully leased retail building in downtown Brisbane with restaurant tenants.
      35 Visitacion Ave, Brisbane, CA 94005
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Live, work, or rent in this mixed-use building!
    Where is this mixed-use property located?
    The property is located at 18 Visitacion Ave Brisbane, CA.
    What are key features of this property?
    This property features: - Mixed-use zoning offers versatile investment options.; - Two large 2-bedroom/2-bath condos and a 400 sq ft retail storefront provide immediate income potential.; - Enjoy the 600 sq ft community rooftop deck with mountain views.
    (650) 727-3890
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    18 Visitacion Ave Brisbane, CA 94005
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    Brisbane, CA 94005
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18 Visitacion Ave Brisbane, CA 94005
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    We can help!
    Listing Contact
    John Pang
    (650) 727-3890
    Learn more
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