Automotive Shop with Gated
New
For Sale
$2,100,000
2701 Middlefield RD, Redwood City, CA 94063
A corner-lot automotive facility offers roll-up access and CMU-3 zoning.
Property Size4,377 SF
Days on Market5
Property Features for 2701 Middlefield RD
General Information
Standard status
Active
Size
4,377 SF
Property subtype
CommercialProperty
Zoning
CMU-3
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Amenities
Gated Yard
Three Roll-up Doors
Building Details
Building Size
4,377 SF
Year Built
1970
Listing Agency:
Compass
Listed By:
Juan De Leon · License #01383120
(415) 305-6275
Source:
Johnpaye
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 3 at 1:11AM
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 Compass
Investment Insights
Based on property information with market context.
This 1970-built automotive property occupies a corner lot and includes three roll-up doors and a gated yard. CMU-3 zoning is identified as high-density multifamily zoning. The property also has in-place rental income and billboard income.
The site is 2.8 miles from Hwy 101, 4.2 miles from Hwy 280, and 1.0 mile from El Camino Real.
The site is 2.8 miles from Hwy 101, 4.2 miles from Hwy 280, and 1.0 mile from El Camino Real.
Key Highlights
- Three roll‑up doors and a gated yard
- CMU‑3 zoning identified as high‑density multifamily
- Corner‑lot property built in 1970
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
$111,774
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
5.32%
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%
$2,235,480
$2.2M
Cap Rate 7%
$1,596,771
$1.6M
Cap Rate 9%
$1,241,933
$1.2M
Market Conditions
NOI Build-Up for 4,377 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
$167.6K $38.28/SF
− Vacancy
−$7.9K −$1.80/SF
EGI
$159.7K $36.48/SF
− OpEx
−$47.9K −$10.94/SF
NOI
$111.8K $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 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%
$2,235,480
Cap Rate 7%
$1,596,771
Cap Rate 9%
$1,241,933
Alternative Uses
Best Use
Industrial
$2.86M
$2.51M – $3.34M
NOI $200,422 @ 7.0% cap · market cap 9.54%
Second Best
Retail
$1.60M
$1.40M – $1.86M
NOI $111,774 @ 7.0% cap · market cap 5.32%
Theoretical Best
Warehouse
$3.48M
$3.04M – $4.06M
NOI $243,369 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,481
Businesses Nearby
444k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 62%
Shops & Services 19%
Apparel 11%
Dining 5%
Costco Wholesale
Superstores
144,275 visits/mo
0.4 miles
Target
Superstores
132,299 visits/mo
0.4 miles
Costco Gasoline
Shops & Services
83,359 visits/mo
0.4 miles
Marshalls
Apparel
43,677 visits/mo
0.4 miles
Taco Bell
Dining
12,458 visits/mo
0.5 miles
Demographics for 94063, CA
35,836
Population
12,162
Households
2.9
Avg Household Size
34
Median Age
35%
College-Educated
74%
High-School Grad
6.5 sq mi
ZIP Area
5,513
Density / Sq Mi
$115,528
Median Household Income
$50,960
Median Earnings
$2,802
Median Rent
$1,077,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Auto shop - A corner-lot automotive facility offers roll-up access and CMU-3 zoning.
Where is this auto shop located?
The property is located at 2701 Middlefield RD Redwood City, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Three roll‑up doors and a gated yard; CMU‑3 zoning identified as high‑density multifamily; Corner‑lot property built in 1970
