Waterfront Commercial
2075 S Norfolk Street, San Mateo, CA 94403
For Sale
$7,500,000
Commercial Sale, San Mateo, CA
Property Size9,150 SF
Lot Size1.25 Acres
Price / SF$819.67
Days on Market936
Property Features for 2075 S Norfolk Street
General Information
Property type
Property subtype
Subdivision
Standard status
APN
Size
Lot size
Listing Agency:
Luxe Places International Realty
Listed By:
Michael R Lalanne · License #02051689
(415) 440-0000
Added: Apr 18, 2024
Changed: Nov 4
Last Checked: Nov 9 at 5:06AM
MLS# 424028690
Copyright © 2026 San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This undeveloped commercial land parcel encompasses 1.2455 acres, with the lot identified at 54,256 square feet. The property is designated as waterfront land and is located at 2075 S Norfolk Street in San Mateo, California.
The site may support interim leasing arrangements, including paving the lot for lease use, while longer-term plans may involve future development. The property has reportedly remained within the same family-associated ownership history for more than 57 years.
The site may support interim leasing arrangements, including paving the lot for lease use, while longer-term plans may involve future development. The property has reportedly remained within the same family-associated ownership history for more than 57 years.
Key Highlights
- 1.2455‑acre undeveloped commercial land parcel
- 54,256‑square‑foot lot
- Waterfront property in San Mateo County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$233,660
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,673,200
$4.7M
Cap Rate 7%
$3,338,000
$3.3M
Cap Rate 9%
$2,596,222
$2.6M
Market Conditions
NOI Build-Up for 9,150 SF
Gross rent
$350.3K $38.28/SF
− Vacancy
−$16.5K −$1.80/SF
EGI
$333.8K $36.48/SF
− OpEx
−$100.1K −$10.94/SF
NOI
$233.7K $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%
$4,673,200
Cap Rate 7%
$3,338,000
Cap Rate 9%
$2,596,222
Alternative Uses
Best Use
Retail
$3.34M
$2.92M – $3.89M
NOI $233,660 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.62M
$3.17M – $4.22M
NOI $253,331 @ 7.0% cap · market cap 3.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,678
Businesses Nearby
Explore this area
Business Placement
Demographics for 94403, CA
45,057
Population
17,682
Households
2.5
Avg Household Size
38
Median Age
60%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
8,046
Density / Sq Mi
$179,825
Median Household Income
$93,542
Median Earnings
$3,273
Median Rent
$1,725,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Commercial land in San Mateo County, CA
Properties on Market for Commercial land in San Mateo County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Commercial land - Undeveloped waterfront land with potential for interim leasing or future development in San Mateo County.
Where is this commercial land located?
The property is located at 2075 S Norfolk Street San Mateo, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 1.2455‑acre undeveloped commercial land parcel; 54,256‑square‑foot lot; Waterfront property in San Mateo County
