Flex Space in
For Sale
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200 Valley Drive Suite 33 & 34, Brisbane, CA 94005
Flex space with highway access near SFO airport.
Property Size3,360 SF
Price / SF$476.19
Days on Market172
Property Features for 200 Valley Drive Suite 33 & 34
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Industrial
Building Details
Units
2
Listing Agency:
Coldwell Banker Commercial Westbay Real Estate Group
Listed By:
Andrew Peceimer · License #00993289
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 11 at 8:07PM
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 Coldwell Banker Commercial Westbay Real Estate Group
Investment Insights
Based on property information with market context.
This flex space property, consisting of Suites 33 & 34, offers approximately 3,360 square feet of space. The property features one roll-up door for each unit and ceiling heights of approximately 13 to 14 feet. Located in Brisbane, California, the property provides quick access to Highway 101 and is about 10 minutes from San Francisco International Airport, Millbrae, and the Shops at Tanforan. The zoning type is TC-1 (Crocker Park Trade Commercial District). Each unit has reserved parking spaces. Unit 33 and 34 can be sold separately. A potential sale-leaseback is available for Unit 34.
Key Highlights
- Quick access to Highway 101, about 10 minutes to San Francisco International Airport, Millbrae and Shops at Tanforan.
- Potential Sale‑Leaseback for Unit 34
- Suite Size Combined (Suite 33 & 34): ±3,360 SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$133,270
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,665,400
$2.7M
Cap Rate 7%
$1,903,857
$1.9M
Cap Rate 9%
$1,480,778
$1.5M
Market Conditions
NOI Build-Up for 3,360 SF
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.
Gross rent
$230.6K $68.64/SF
− Vacancy
−$25.6K −$7.62/SF
EGI
$205.0K $61.02/SF
− OpEx
−$71.8K −$21.36/SF
NOI
$133.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,665,400
Cap Rate 7%
$1,903,857
Cap Rate 9%
$1,480,778
Alternative Uses
Best Use
Industrial
$2.20M
$1.92M – $2.56M
NOI $153,854 @ 7.0% cap · market cap 9.62%
Second Best
Flex RnD
$1.90M
$1.67M – $2.22M
NOI $133,270 @ 7.0% cap · market cap 8.33%
Theoretical Best
Warehouse
$2.67M
$2.34M – $3.11M
NOI $186,822 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Under-served
Demand for This Use
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
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 highway access near SFO airport.
Where is this flex space located?
The property is located at 200 Valley Drive Suite 33 & 34 Brisbane, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Quick access to Highway 101, about 10 minutes to San Francisco International Airport, Millbrae and Shops at Tanforan.; Potential Sale‑Leaseback for Unit 34; Suite Size Combined (Suite 33 & 34): ±3,360 SF
