Redwood City Automotive/Retail
2127 Middlefield Rd, Redwood City, CA
For Sale
Contact for pricing
Versatile property suitable for automotive, retail, or service businesses.
Property Size2,430 SF
Lot Size0.10 Acres
Price / SF$720.16
Days on Market407
Property Features for 2127 Middlefield Rd
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
eXp Commercial - CA
(888) 584-9427
Listed By:
Brian Merrion · License CA #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
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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 / Yr
$62,054
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,241,080
$1.2M
Cap Rate 7%
$886,486
$886.5K
Cap Rate 9%
$689,489
$689.5K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$93.0K $38.28/SF
− Vacancy
−$4.4K −$1.80/SF
EGI
$88.6K $36.48/SF
− OpEx
−$26.6K −$10.94/SF
NOI
$62.1K $25.54/SF
Area
San Mateo County, 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%
$1,241,080
Cap Rate 7%
$886,486
Cap Rate 9%
$689,489
Alternative Uses
Best Use
Retail
$886.5K
$775.7K – $1.03M
NOI $62,054 @ 7.0% cap · market cap 3.55%
Second Best
Industrial
$415.5K
$363.6K – $484.8K
NOI $29,087 @ 7.0% cap · market cap 1.66%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,680 @ 7.0% cap · market cap 5.92%
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
2,713
Businesses Nearby
657k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 42%
Shops & Services 23%
Dining 15%
Apparel 9%
Costco Wholesale
Superstores
144,275 visits/mo
0.2 miles
Target
Superstores
132,299 visits/mo
0.3 miles
Costco Gasoline
Shops & Services
83,359 visits/mo
0.2 miles
Marshalls
Apparel
43,677 visits/mo
0.4 miles
McDonald's
Dining
35,421 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Quality Coachworks — 411 Woodside Rd, Redwood City, CA 94061
- A Body Shop — Redwood City, CA 94061
- Oil Changers — 2762 El Camino Real, Redwood City, CA 94061
- FREE PARKING RED ZONE — 308 Poplar Ave, Redwood City, CA 94061
- Woodside Auto & Tire — 333 Woodside Rd, Redwood City, CA 94061
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.
