Building Details

Year built 1970

Listing Agency: Compass S***@Compass.com Show Phone

Listed By: Juan De Leon · License #01383120 Show Phone

Added: Sep 29 Changed: Oct 21 Last Checked: Oct 26 at 10:06PM

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MLS# ML82062994

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Investment Insights

Based on property information with market context.

This 4,377-square-foot auto shop, built in 1970, occupies a 0.157-acre corner lot at 2701 Middlefield Road in Redwood City. The building has three roll-up doors and a gated yard. Public water and sewer serve the property.

Rental income from the property and billboard income are in place. The site is 2.8 miles from Highway 101, 4.2 miles from Highway 280, and 1.0 mile from El Camino Real.

Key Highlights

• 4,377‑square‑foot auto shop on a 0.157‑acre corner lot
• Three roll‑up doors and a gated yard
• Built in 1970

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$141,393

Cap Rate

6.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,827,860 $2.8M

Cap Rate 7%

$2,019,900 $2.0M

Cap Rate 9%

$1,571,033 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,377 SF

Gross rent

$300.4K $68.64/SF

− Vacancy

−$74.2K −$16.95/SF

EGI

$226.2K $51.69/SF

− OpEx

−$84.8K −$19.38/SF

NOI

$141.4K $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%

$2,827,860

Cap Rate 7%

$2,019,900

Cap Rate 9%

$1,571,033

Alternative Uses

Best Use

Industrial

$2.86M

$2.51M – $3.34M (±1% cap)

NOI $200,422 @ 7.0% cap · market cap 9.54%

Second Best

Mixed Use

$2.02M

$1.77M – $2.36M (±1% cap)

NOI $141,393 @ 7.0% cap · market cap 6.73%

Theoretical Best

Warehouse

$3.48M

$3.04M – $4.06M (±1% cap)

NOI $243,369 @ 7.0% cap · market cap 11.59%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Secret Salon Hair Salon Peninsula Smog Sustainability Organization All American Muffler ... Auto Repair Shop PENINSULA SMOG Sustainability Organization

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Barber Shop Tattoo & Piercing Shop Butcher

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

Fenced yard

Yes

Highway access

Yes

Paved road 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

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

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Similar Off Market Nearby

• Little Garage — 748 Woodside Rd, Redwood City, CA 94061
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• Quality Coachworks — 411 Woodside Rd, Redwood City, CA 94061
• A Body Shop — Redwood City, CA 94061
• Oil Changers — 2762 El Camino Real, Redwood City, CA 94061

Frequently Asked Questions

What type of property is this?

Auto shop - The property pairs a gated outdoor area with multiple roll-up doors.

Where is this auto shop located?

The property is located at 2701 Middlefield Road 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: 4,377‑square‑foot auto shop on a 0.157‑acre corner lot; Three roll‑up doors and a gated yard; Built in 1970