Unique Flex Space
For Sale
$3,250,000
199 W Point Avenue, Half Moon Bay, CA 94019
Flex space with ocean, harbor, and hillside views.
Property Size7,200 SF
Price / SF$451.39
Days on Market377
Property Features for 199 W Point Avenue
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
2000
Listing Agency:
Kinghorn Commercial Properties
Listed By:
Randy Kinghorn · License #01743580
(650) 918-4388
Source:
Exitrealty
Added: Oct 3, 2025
Changed: Sep 1
Last Checked: Sep 15 at 4:17AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$285,578
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,711,560
$5.7M
Cap Rate 7%
$4,079,686
$4.1M
Cap Rate 9%
$3,173,089
$3.2M
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$494.2K $68.64/SF
− Vacancy
−$54.9K −$7.62/SF
EGI
$439.4K $61.02/SF
− OpEx
−$153.8K −$21.36/SF
NOI
$285.6K $39.66/SF
Area
San Mateo County, CA
Vacancy
11.10%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,711,560
Cap Rate 7%
$4,079,686
Cap Rate 9%
$3,173,089
Alternative Uses
Best Use
Industrial
$4.71M
$4.12M – $5.49M
NOI $329,686 @ 7.0% cap · market cap 10.14%
Second Best
Flex RnD
$4.08M
$3.57M – $4.76M
NOI $285,578 @ 7.0% cap · market cap 8.79%
Theoretical Best
Warehouse
$5.72M
$5.00M – $6.67M
NOI $400,333 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94019, CA
15,483
Population
5,849
Households
2.6
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
59.7 sq mi
ZIP Area
259
Density / Sq Mi
$153,272
Median Household Income
$72,042
Median Earnings
$1,977
Median Rent
$1,509,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
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 W 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.
