Mixed-Use Building With
201-203 S Delaware Street, San Mateo, CA 94401
For Sale
Contact for pricing
Two street-facing retail spaces complement two upstairs apartments in a manageable mixed-use configuration.
Property Size5,075 SF
Lot Size0.13 Acres
Price / SF$647.88
Days on Market100
Property Features for 201-203 S Delaware Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Additional Details
Corner Location
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
Coldwell Banker
Listed By:
Endri Hoxha · License CA #00205299
(415) 941-9875
Source:
Crexi
Added: Aug 3
Changed: Nov 4
Last Checked: Nov 10 at 6:21AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines two street-facing retail spaces on the ground floor with two apartments above. The configuration brings commercial and residential components together within a single building, offering a clear separation between the storefront and upper-level living areas. Built in 1940, the property contains 5,075 square feet on a 0.13-acre parcel and is identified with chc3 zoning.
Located at 201-203 S Delaware Street in San Mateo, the building occupies a corner setting near established neighborhoods, schools, and downtown San Mateo. Its address places the property within the South Delaware area of the city, with retail frontage oriented toward the street. The combination of four distinct spaces and its mixed-use classification supports both commercial occupancy and residential use within the existing layout.
Located at 201-203 S Delaware Street in San Mateo, the building occupies a corner setting near established neighborhoods, schools, and downtown San Mateo. Its address places the property within the South Delaware area of the city, with retail frontage oriented toward the street. The combination of four distinct spaces and its mixed-use classification supports both commercial occupancy and residential use within the existing layout.
Key Highlights
- 5,075‑square‑foot mixed‑use building on a 0.13‑acre parcel
- Two street‑facing ground‑floor retail spaces
- Two apartments located above the retail spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,598
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,591,960
$2.6M
Cap Rate 7%
$1,851,400
$1.9M
Cap Rate 9%
$1,439,978
$1.4M
Market Conditions
NOI Build-Up for 5,075 SF
Gross rent
$194.3K $38.28/SF
− Vacancy
−$9.1K −$1.80/SF
EGI
$185.1K $36.48/SF
− OpEx
−$55.5K −$10.94/SF
NOI
$129.6K $25.54/SF
Area
San Mateo, CA
Vacancy
4.70%
Lease Rate
$38.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,591,960
Cap Rate 7%
$1,851,400
Cap Rate 9%
$1,439,978
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,598 @ 7.0% cap · market cap 3.94%
Second Best
Multifamily LT 5
$1.81M
$1.59M – $2.11M
NOI $126,899 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,508 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,501
Businesses Nearby
Explore this area
Business Placement
Demographics for 94401, CA
35,249
Population
13,798
Households
2.6
Avg Household Size
37
Median Age
45%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
11,371
Density / Sq Mi
$121,258
Median Household Income
$57,724
Median Earnings
$2,713
Median Rent
$1,123,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in San Mateo County, CA
Properties on Market for Mixed-use properties in San Mateo County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two street-facing retail spaces complement two upstairs apartments in a manageable mixed-use configuration.
Where is this mixed-use property located?
The property is located at 201-203 S Delaware Street San Mateo, CA.
What is the asking price?
The asking price for this property is $3,288,000.
What are key features of this property?
This property features: 5,075‑square‑foot mixed‑use building on a 0.13‑acre parcel; Two street‑facing ground‑floor retail spaces; Two apartments located above the retail spaces
