San Mateo Mixed-Use
22 - 26 25th Avenue San Mateo, CA 94403
For Sale
$1,995,000
Fully leased mixed-use building in high-traffic San Mateo location.
Property Size2,870 SF
Price / SF$695.12
Days on Market406
Property Features for 22 - 26 25th Avenue
General Information
Standard status
Active
Size
2,870 SF
Building Details
Year Built
1946
Listing Agency:
GOLDEN GATE SOTHEBY'S INTERNATIONAL REALTY
Listed By:
NANCY RUIZ
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 GOLDEN GATE SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This fully leased mixed-use property, located at 22 - 26 25th Avenue in San Mateo, offers approximately 2,870 square feet of space. Situated just off El Camino Real in a high-traffic commercial corridor, the building benefits from excellent visibility and steady foot and vehicle traffic. On-site parking is available. The property is zoned for flexible retail and office use. The tenant mix includes a smoke shop, a barber shop, and four office suites located on the second floor. The property provides stable income with potential upside from below-market rents. The location is near the San Mateo County Event Center and Hillsdale Caltrain Station, enhancing its appeal.
Key Highlights
- Fully leased ±2,870 SF mixed‑use building.
- High‑traffic location just off El Camino Real.
- Zoned for flexible retail and office use.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.9k | $38.28 |
| − Vacancy | −$5.2k | −$1.80 |
| EGI | $104.7k | $36.48 |
| − OpEx | −$31.4k | −$10.94 |
| NOI | $73.3k | $25.54 |
2,870 SF · lease $38.28/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.05M
$916.1K – $1.22M
NOI $73,290 @ 7.0% cap · market cap 3.67%
Second Best
Mixed Use
$830.3K
$726.5K – $968.6K
NOI $58,118 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.14M
$993.3K – $1.32M
NOI $79,460 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased mixed-use building in high-traffic San Mateo location.
Where is this mixed-use property located?
The property is located at 22 - 26 25th Avenue San Mateo, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Fully leased ±2,870 SF mixed‑use building.; High‑traffic location just off El Camino Real.; Zoned for flexible retail and office use.
