233-235 Baldwin Avenue San Mateo, CA
Two retail buildings in prime downtown location near Caltrain.
Property Features for 233-235 Baldwin Avenue
General Information
- Standard status
- Active
- Size
- 5,486 SF
- Lot size
- 0.18 Acres
- Property subtype
- RETAIL
Listing office eXp Commercial - CA (415) 802-1400
Listing date Sep 11, 2025
Source Moodyscre
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime downtown San Mateo location near dining, shopping, and Caltrain.
- Rare opportunity in a highly desirable Bay Area downtown market.
- Two freestanding retail buildings with flexible layouts.
Local 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 | $210.0k | $38.28 |
| − Vacancy | −$9.9k | −$1.80 |
| EGI | $200.1k | $36.48 |
| − OpEx | −$60.0k | −$10.94 |
| NOI | $140.1k | $25.54 |
