Mixed-Use Retail and Residential
For Sale
$4,000,000
2561-67 El Camino Real, Redwood City, CA 94061
Two ground-floor retail spaces and multiple residential units with 13 on-site parking and access from two streets.
Property Size6,385 SF
Price / SF$626.47
Days on Market68
Property Features for 2561-67 El Camino Real
General Information
Standard status
Active
Size
6,385 SF
Total Parking Spaces
13
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1954
Stories
2
Tenancy
Multi
Listing Agency:
Goodview Financial & Real Estate
(408) 360-7642
Listed By:
Ying Wei · License #02055224
(408) 360-7642
Source:
Exitrealty
Added: Jun 6
Changed: Aug 8
Last Checked: Aug 12 at 5:30AM
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 Goodview Financial & Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property features two ground-floor retail/commercial spaces totaling approximately 3,150 square feet, designed to support flexible business use. Above, the residential component includes one upstairs 2-bedroom/1-bath unit and one upstairs 1-bedroom/1-bath unit. The property also has two downstairs non-conforming 1-bedroom/1-bath units, creating a compact, income-diversified layout within a single building. The offering includes 13 on-site parking spaces.
Convenient access from two streets supports practical tenant and customer circulation for both the commercial and residential components. The commercial spaces are described as having excellent visibility, which can support retail-oriented uses and other street-facing storefront concepts.
For buyers and operators, the combination of street-level retail space and multiple residential units can appeal to those seeking a diversified cash-flow profile within one asset. The presence of on-site parking and two street access points can help reduce friction for tenants and visitors, while the unit mix provides a range of household types across the upstairs and downstairs residences.
Convenient access from two streets supports practical tenant and customer circulation for both the commercial and residential components. The commercial spaces are described as having excellent visibility, which can support retail-oriented uses and other street-facing storefront concepts.
For buyers and operators, the combination of street-level retail space and multiple residential units can appeal to those seeking a diversified cash-flow profile within one asset. The presence of on-site parking and two street access points can help reduce friction for tenants and visitors, while the unit mix provides a range of household types across the upstairs and downstairs residences.
Key Highlights
- 1954‑built mixed‑use property with two ground‑floor retail/commercial spaces plus multiple residential units
- Two retail/commercial spaces: approximately 1,650 SF and 1,500 SF
- Residential layout includes one 2BD/1BA unit and one 1BD/1BA unit upstairs
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
$206,259
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
5.16%
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%
$4,125,180
$4.1M
Cap Rate 7%
$2,946,557
$2.9M
Cap Rate 9%
$2,291,767
$2.3M
Market Conditions
NOI Build-Up for 6,385 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
$438.3K $68.64/SF
− Vacancy
−$108.3K −$16.95/SF
EGI
$330.0K $51.69/SF
− OpEx
−$123.8K −$19.38/SF
NOI
$206.3K $32.30/SF
Area
San Mateo County, CA
Vacancy
24.70%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
37.50%
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%
$4,125,180
Cap Rate 7%
$2,946,557
Cap Rate 9%
$2,291,767
Alternative Uses
Best Use
Mixed Use
$2.95M
$2.58M – $3.44M
NOI $206,259 @ 7.0% cap · market cap 5.16%
Second Best
Multifamily LT 5
$2.65M
$2.32M – $3.09M
NOI $185,547 @ 7.0% cap · market cap 4.64%
Theoretical Best
Warehouse
$5.07M
$4.44M – $5.92M
NOI $355,018 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,891
Businesses Nearby
Explore this area
Business Placement
Demographics for 94061, CA
36,704
Population
14,122
Households
2.6
Avg Household Size
38
Median Age
51%
College-Educated
87%
High-School Grad
3.9 sq mi
ZIP Area
9,411
Density / Sq Mi
$141,599
Median Household Income
$66,388
Median Earnings
$2,818
Median Rent
$1,938,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two ground-floor retail spaces and multiple residential units with 13 on-site parking and access from two streets.
Where is this mixed-use property located?
The property is located at 2561-67 El Camino Real Redwood City, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 1954‑built mixed‑use property with two ground‑floor retail/commercial spaces plus multiple residential units; Two retail/commercial spaces: approximately 1,650 SF and 1,500 SF; Residential layout includes one 2BD/1BA unit and one 1BD/1BA unit upstairs
