Mixed-Use Property with
For Sale
$4,000,000
256167 El Camino Real, Redwood City, CA 94061
Two ground-floor retail/commercial spaces plus four residential units with 13 on-site parking spaces and access from two streets.
Property Size6,385 SF
Price / SF$626.47
Days on Market190
Property Features for 256167 El Camino Real
General Information
Standard status
Active
Size
6,385 SF
Total Parking Spaces
13
Property subtype
Multi-family
Additional Details
Road Access
Yes
Building Details
Year Built
1954
Tenancy
Multi
Listing Agency:
Goodview Financial & Real Estate
Listed By:
Ying Wei · License #02055224
(408) 360-7642
Source:
Sevengables
Added: Apr 22
Changed: Oct 27
Last Checked: Oct 26 at 4:58PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes two ground-floor retail/commercial spaces and four residential units. The commercial portion consists of approximately 1,650 sq. ft. and 1,500 sq. ft., providing flexible space for a variety of business uses. The residential component includes one upstairs 2-bedroom/1-bath unit, one upstairs 1-bedroom/1-bath unit, and two downstairs non-conforming 1-bedroom/1-bath units.
The property offers 13 on-site parking spaces and convenient access from two streets, supporting day-to-day operations for both commercial and residential tenants.
With retail and residential components under one roof, the layout provides diversified income streams within a single mixed-use asset.
The property offers 13 on-site parking spaces and convenient access from two streets, supporting day-to-day operations for both commercial and residential tenants.
With retail and residential components under one roof, the layout provides diversified income streams within a single mixed-use asset.
Key Highlights
- 1954‑built mixed‑use property with two ground‑floor retail/commercial spaces and four residential units
- Commercial spaces total about 3,150 sq.ft.: approx. 1,650 sq.ft. and 1,500 sq.ft.
- Residential layout includes one upstairs 2BD/1BA unit and one upstairs 1BD/1BA unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,259
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,253
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two ground-floor retail/commercial spaces plus four residential units with 13 on-site parking spaces and access from two streets.
Where is this mixed-use property located?
The property is located at 256167 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 and four residential units; Commercial spaces total about 3,150 sq.ft.: approx. 1,650 sq.ft. and 1,500 sq.ft.; Residential layout includes one upstairs 2BD/1BA unit and one upstairs 1BD/1BA unit
