Unique Flex Space
199 Point Avenue Half Moon Bay, CA 94019
199 Point Avenue, Half Moon Bay, CA, 94019
$3,250,000
For Sale
$3,250,000
Flex space with ocean, harbor, and hillside views.
Property Size7,200 SF
Price / SF$451.39
Days on Market291
Property Features for 199 Point Avenue
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2000
Listing Agency
KINGHORN COMMERCIAL PROPERTIES
(650) 918-4388
Listed by
RANDY KINGHORN · License #01743580
Source
Corcoran
Added: Oct 4, 2025 Updated: Jul 10 at 3:47 pm Checked: Jul 20 at 4:02 am
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 KINGHORN COMMERCIAL PROPERTIES
Investment Insights
Based on property information with market context.
This unique flex space opportunity is available for an owner/user. The property includes two warehouse buildings suitable for both work and recreational activities. One building can house a workshop, design studio, and offices, while the other can accommodate recreational equipment such as kayaks, paddle boards, fishing gear, and jet skis. The buildings offer views of the ocean, harbor, and hillsides, as well as the adjacent marsh/estuary. The property has a total size of 7200 square feet and is located in Half Moon Bay, CA.
Key Highlights
- Unique flex space suitable for work and recreation.
- Two warehouse buildings included.
- Breathtaking ocean, harbor, and hillside views.
Local Financial Insights For Flex RnD
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 | $494.2k | $68.64 |
| − Vacancy | −$54.9k | −$7.62 |
| EGI | $439.4k | $61.02 |
| − OpEx | −$153.8k | −$21.36 |
| NOI | $285.6k | $39.66 |
7,200 SF · lease $68.64/SF/yr · vacancy 11.10% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$5.72M
$5.00M – $6.67M
NOI $400,333 @ 7.0% cap · market cap 12.32%
Second Best
Industrial
$4.71M
$4.12M – $5.49M
NOI $329,686 @ 7.0% cap · market cap 10.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex space with ocean, harbor, and hillside views.
Where is this flex space located?
The property is located at 199 Point Avenue Half Moon Bay, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Unique flex space suitable for work and recreation.; Two warehouse buildings included.; Breathtaking ocean, harbor, and hillside views.
