Redwood City Automotive/Retail
For Sale
Contact for pricing
2127 Middlefield Rd, Redwood City, CA
Versatile property suitable for automotive, retail, or service businesses.
Property Size2,430 SF
Lot Size0.10 Acres
Price / SF$720.16
Days on Market317
Property Features for 2127 Middlefield Rd
General Information
Standard status
Active
Size
2,430 SF
Lot size
0.10 Acres
Property subtype
RETAIL
Listing Agency:
eXp Commercial - CA
(415) 802-1400
Listed By:
Brian Merrion · License #01940486
(415) 802-1400
Source:
Moodyscre
Added: Sep 29, 2025
Changed: Aug 8
Last Checked: Jun 26 at 12:00PM
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 eXp Commercial - CA
Investment Insights
Based on property information with market context.
This Redwood City property offers a versatile space suitable for various uses, including automotive services with a spray booth, computer repair, insurance companies, service companies, and home improvement/contractors. Zoned for automotive and other uses, the property generates a gross income of $7,000 per month from the current tenant. The owner-occupied space is estimated to generate $2,500 per month. The building is ideal for an owner-user looking to rent to multiple tenants. Interior features include gas heating, a manager's office, private restrooms, and storage. The property has a minimum ceiling height of 19 feet, concrete block and sheetrock walls, one floor, two offices, and three restrooms. There is one tenant currently. It includes three truck doors, a 200 square foot mezzanine, 2,430 net leasable square feet, 750 square feet of office space, and 2,430 square feet of warehouse space. The yard provides 3,920 square feet. Exterior features include low-maintenance yard grounds with storage, a concrete slab foundation, and a mansard tar and gravel roof. There are four garage spaces and six parking spaces, including attached garage, guest/visitor parking, off-site parking, oversize parking/RV, and a workshop in the garage. Sewer is connected, and water is available on site. Utilities include a master meter, natural gas, and public utilities. The property benefits from a convenient location and spacious layout, offering great investment potential.
Key Highlights
- High income potential: Current gross income of $7,000/month from tenant plus estimated $2,500/month from owner‑occupied space.
- Versatile zoning: Zoned for automotive and other uses.
- Ideal for owner‑user with additional rental income potential.
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
$111,269
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
6.36%
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%
$2,225,380
$2.2M
Cap Rate 7%
$1,589,557
$1.6M
Cap Rate 9%
$1,236,322
$1.2M
Market Conditions
NOI Build-Up for 2,430 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
$166.8K $68.64/SF
− Vacancy
−$7.8K −$3.23/SF
EGI
$159.0K $65.41/SF
− OpEx
−$47.7K −$19.62/SF
NOI
$111.3K $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%
$2,225,380
Cap Rate 7%
$1,589,557
Cap Rate 9%
$1,236,322
Alternative Uses
Best Use
Industrial
$1.59M
$1.39M – $1.85M
NOI $111,269 @ 7.0% cap · market cap 6.36%
Second Best
Retail
$886.5K
$775.7K – $1.03M
NOI $62,054 @ 7.0% cap · market cap 3.55%
Theoretical Best
Warehouse
$1.93M
$1.69M – $2.25M
NOI $135,112 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,450
Businesses Nearby
655k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 42%
Shops & Services 20%
Dining 19%
Groceries 7%
Costco Wholesale
Superstores
144,275 visits/mo
0.1 miles
Target
Superstores
132,299 visits/mo
0.3 miles
Costco Gasoline
Shops & Services
83,359 visits/mo
0.1 miles
Marshalls
Apparel
43,677 visits/mo
0.3 miles
McDonald's
Dining
35,421 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Versatile property suitable for automotive, retail, or service businesses.
Where is this auto shop located?
The property is located at 2127 Middlefield Rd Redwood City, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: High income potential: Current gross income of $7,000/month from tenant plus estimated $2,500/month from owner‑occupied space.; Versatile zoning: Zoned for automotive and other uses.; Ideal for owner‑user with additional rental income potential.
