Building Details

Year built 1941

Floors in Building 2

Listing Agency: eXp Realty of California Inc L***@exprealty.com Show Phone

Listed By: Joel Diaz · License #01336882 Show Phone

Added: Aug 31 Changed: Oct 21 Last Checked: Oct 22 at 4:06AM

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MLS# ML82059566

Copyright © 2026 MLS Listings, Inc. 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 0.3444-acre commercial property includes five legal lots and approximately 6,000 square feet of existing building area. The commercial improvements date to 1941 and include street-facing retail or restaurant space. Public water and public sewer serve the property. Commercial-residential zoning is identified, with the zoning designation and allowed uses to be confirmed independently.

The site fronts both Visitacion Avenue and San Bruno Avenue in Brisbane’s downtown area, near local shops, services, and Highway 101. Existing buildings may be retained for commercial occupancy; any mixed-use or residential development would require City approval.

Key Highlights

• Five legal lots across 0.3444 acres
• Approximately 6,000 square feet of existing commercial building area
• Street‑facing retail or restaurant space along Visitacion Avenue

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$153,220

Cap Rate

4.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,064,400 $3.1M

Cap Rate 7%

$2,188,857 $2.2M

Cap Rate 9%

$1,702,444 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$229.7K $38.28/SF

− Vacancy

−$10.8K −$1.80/SF

EGI

$218.9K $36.48/SF

− OpEx

−$65.7K −$10.94/SF

NOI

$153.2K $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%

$3,064,400

Cap Rate 7%

$2,188,857

Cap Rate 9%

$1,702,444

Alternative Uses

Best Use

Retail

$2.19M

$1.92M – $2.55M (±1% cap)

NOI $153,220 @ 7.0% cap · market cap 4.15%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$4.77M

$4.17M – $5.56M (±1% cap)

NOI $333,611 @ 7.0% cap · market cap 9.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Matthew Corporate Office Noah Corporate Office

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage Law Firm Hair Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

542

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 66% Home Improvements & Furnishings 34%

Boba Guys Dining

2,627 visits/mo 0.1 miles

Brisbane Hardware & Sply Inc Home Improvements & Furnishings

1,344 visits/mo 0.1 miles

Demographics for 94005, CA

4,836

Population

2,101

Households

2.3

Avg Household Size

43

Median Age

51%

College-Educated

86%

High-School Grad

4.6 sq mi

ZIP Area

1,051

Density / Sq Mi

$151,593

Median Household Income

$75,938

Median Earnings

$2,634

Median Rent

$1,127,200

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Similar For Sale Nearby

See more

Mixed-Use Building Under Construction

18 Visitacion Avenue, Brisbane, CA 94005

$3,800,000

4,200 SF

View details

Mixed-Use Property with Showroom

3832 Bayshore BLVD, Brisbane, CA 94005

$3,280,000

2,357 SF

View details

Single-Story Retail Restaurant Building

33-35 Visitacion Ave, Brisbane, CA 94005

$850,000

900 SF

View details

Functional Brisbane Warehouse-Office Unit

24-100 N Hill Dr, Brisbane, CA 94005

$1,099,000

View details

Frequently Asked Questions

What type of property is this?

Commercial land - Five legal lots contain existing commercial improvements in Brisbane’s downtown core, with public water and sewer service.

Where is this commercial land located?

The property is located at 23 Visitacion Avenue Brisbane, CA.

What is the asking price?

The asking price for this property is $3,688,000.

What are key features of this property?

This property features: Five legal lots across 0.3444 acres; Approximately 6,000 square feet of existing commercial building area; Street‑facing retail or restaurant space along Visitacion Avenue