Building Details

Year Built 2025

Listing Agency: REALTY ONE GROUP EXTREME Show Phone

Listed By: JOHN PANG

Source: Corcoran

Added: Jan 15 Changed: Sep 3 Last Checked: Aug 14 at 6:01AM

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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 REALTY ONE GROUP EXTREME

Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$135,676

Cap Rate

3.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,713,520 $2.7M

Cap Rate 7%

$1,938,229 $1.9M

Cap Rate 9%

$1,507,511 $1.5M

Market Conditions

NOI Build-Up for 4,200 SF

Gross rent

$288.3K $68.64/SF

− Vacancy

−$71.2K −$16.95/SF

EGI

$217.1K $51.69/SF

− OpEx

−$81.4K −$19.38/SF

NOI

$135.7K $32.30/SF

Area

San Mateo County, CA

Vacancy

24.70%

Lease Rate

$68.64 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,713,520

Cap Rate 7%

$1,938,229

Cap Rate 9%

$1,507,511

Alternative Uses

Best Use

Mixed Use

$1.94M

$1.70M – $2.26M (±1% cap)

NOI $135,676 @ 7.0% cap · market cap 3.57%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$3.34M

$2.92M – $3.89M (±1% cap)

NOI $233,528 @ 7.0% cap · market cap 6.15%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage Law Firm Hair Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

542

Businesses Nearby

Explore this area Business Placement

Demographics for 94005, CA

4,836

Population

2,101

Households

2.3

Avg Household Size

43

Median Age

51%

College-Educated

86%

High-School Grad

4.6 sq mi

ZIP Area

1,051

Density / Sq Mi

$151,593

Median Household Income

$75,938

Median Earnings

$2,634

Median Rent

$1,127,200

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

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 Avenue Brisbane, CA.

What is the asking price?

The asking price for this property is $3,800,000.

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.