Auto Shop with Leased
New
For Sale
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201 Cypress Ave, South San Francisco, CA 94080
Automotive property combining an auto body shop structure with a separately leased taxi-use yard.
Property Size2,750 SF
Lot Size0.23 Acres
Price / SF$981.82
Days on Market5
Property Features for 201 Cypress Ave
General Information
Standard status
Active
Size
2,750 SF
Lot size
0.23 Acres
Property subtype
RETAIL
Additional Details
Outdoor Storage
Yes
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
LL CRE
(415) 988-9719
Listed By:
Jeremy Lee
Source:
Moodyscre
Added: Aug 18
Changed: Aug 20
Last Checked: Aug 21 at 3:15PM
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 LL CRE
Investment Insights
Based on property information with market context.
This automotive property includes a building occupied by an auto body shop and an adjoining yard used by taxi cab operators. Both arrangements are month-to-month, creating a property with separate existing occupancy components and redevelopment relevance.
The site is at 201 Cypress Avenue in South San Francisco, within the city’s Downtown and Caltrain Station Area. The property information identifies potential pathways for state and local density bonuses tied to affordability, along with an approximately 85-foot height potential, high FAR, and a stated range of approximately 100–180 units per acre. These development-related details are included in the source information and should be independently verified by the buyer.
The site is at 201 Cypress Avenue in South San Francisco, within the city’s Downtown and Caltrain Station Area. The property information identifies potential pathways for state and local density bonuses tied to affordability, along with an approximately 85-foot height potential, high FAR, and a stated range of approximately 100–180 units per acre. These development-related details are included in the source information and should be independently verified by the buyer.
Key Highlights
- Auto body shop occupies the existing structure
- Yard is leased for taxi cab use
- Both occupancy arrangements are month‑to‑month
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
$125,922
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
4.66%
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%
$2,518,440
$2.5M
Cap Rate 7%
$1,798,886
$1.8M
Cap Rate 9%
$1,399,133
$1.4M
Market Conditions
NOI Build-Up for 2,750 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
$188.8K $68.64/SF
− Vacancy
−$8.9K −$3.23/SF
EGI
$179.9K $65.41/SF
− OpEx
−$54.0K −$19.62/SF
NOI
$125.9K $45.79/SF
Area
San Mateo County, CA
Vacancy
4.70%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
30.00%
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%
$2,518,440
Cap Rate 7%
$1,798,886
Cap Rate 9%
$1,399,133
Alternative Uses
Best Use
Industrial
$1.80M
$1.57M – $2.10M
NOI $125,922 @ 7.0% cap · market cap 4.66%
Second Best
Retail
$1.00M
$877.8K – $1.17M
NOI $70,226 @ 7.0% cap · market cap 2.60%
Theoretical Best
Warehouse
$2.18M
$1.91M – $2.55M
NOI $152,905 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,452
Businesses Nearby
183k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 35%
Hotels & Casinos 16%
Electronics 1%
Denny's
Dining
18,873 visits/mo
0.3 miles
Dunkin' Donuts
Dining
17,174 visits/mo
0.3 miles
Speedway
Shops & Services
14,815 visits/mo
0.3 miles
Wells Fargo
Shops & Services
13,793 visits/mo
0.2 miles
76
Shops & Services
13,141 visits/mo
0.0 miles
Demographics for 94080, CA
66,592
Population
23,364
Households
2.9
Avg Household Size
40
Median Age
40%
College-Educated
86%
High-School Grad
10.2 sq mi
ZIP Area
6,529
Density / Sq Mi
$135,966
Median Household Income
$61,138
Median Earnings
$2,840
Median Rent
$1,159,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- SNW Autoworks — 130 S Linden Ave, South San Francisco, CA 94080
- Auto Precision Repair LLC — 140 S Linden Ave suite a, South San Francisco, CA 94080
- SSF AUTO CENTER INC — 140 S Linden Ave STE D, South San Francisco, CA 94080
- Airport Auto Care — 140 S Linden Ave STE D, South San Francisco, CA 94080
- AIM Auto Body — 233 S Maple Ave # P, South San Francisco, CA 94080
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property combining an auto body shop structure with a separately leased taxi-use yard.
Where is this auto shop located?
The property is located at 201 Cypress Ave South San Francisco, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Auto body shop occupies the existing structure; Yard is leased for taxi cab use; Both occupancy arrangements are month‑to‑month
