Redwood City Multifamily Investment
3212 Rolison Road, Redwood City, CA 94063
For Sale
$2,950,000
Eight-unit apartment building near downtown Redwood City.
Property Size7,040 SF
Lot Size0.23 Acres
Price / SF$419.03
Days on Market286
Property Features for 3212 Rolison Road
General Information
Standard status
Size
Lot size
Property subtype
Amenities
Detached Garage
Flat/Low Pitch Roof
Wall Furnace Heating
Building Details
Year Built
Listing Agency:
MARCUS & MILLICHAP
(650) 391-1700
Listed By:
COLE SIMPSON · License CA #02016525
(650) 391-1735
Source:
Corcoran
Added: Jan 30
Changed: Aug 8
Last Checked: May 8 at 9:55AM
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 MARCUS & MILLICHAP
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Investment Insights
Based on property information with market context.
Located in Redwood City, California, 3212 Rolison Rd is an 8-unit apartment community. Constructed in 1964, the property has a gross building area of approximately 7,040 square feet and is situated on a 10,044 square foot parcel of land. The building offers tenants two-bedroom floor plans. The property is located minutes from Downtown Redwood City, which provides shopping, dining, and entertainment options. The Redwood City Caltrain Station, offering Baby Bullet services, is also nearby, providing access to employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. Residents have access to U.S. Highway 101, Interstate 280, the San Mateo- Hayward Bridge and the Dumbarton Bridge.
Key Highlights
- Prime location in Redwood City, near Downtown Redwood City's shopping, dining, and entertainment.
- Proximity to Redwood City Caltrain Station with Baby Bullet service for easy commuting.
- Easy access to major transportation corridors: U.S. Highway 101, Interstate 280, San Mateo‑Hayward Bridge, and Dumbarton Bridge.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,608
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,832,160
$3.8M
Cap Rate 7%
$2,737,257
$2.7M
Cap Rate 9%
$2,128,978
$2.1M
Market Conditions
NOI Build-Up for 7,040 SF
Gross rent
$367.5K $52.20/SF
− Vacancy
−$19.1K −$2.71/SF
EGI
$348.4K $49.49/SF
− OpEx
−$156.8K −$22.27/SF
NOI
$191.6K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,832,160
Cap Rate 7%
$2,737,257
Cap Rate 9%
$2,128,978
Alternative Uses
Best Use
Apartment 5plus
$2.74M
$2.40M – $3.19M
NOI $191,608 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.29M
$3.75M – $5.01M
NOI $300,373 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,484
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Apartment buildings in Redwood City
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit apartment building near downtown Redwood City.
Where is this apartment building located?
The property is located at 3212 Rolison Road Redwood City, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Prime location in Redwood City, near Downtown Redwood City's shopping, dining, and entertainment.; Proximity to Redwood City Caltrain Station with Baby Bullet service for easy commuting.; Easy access to major transportation corridors: U.S. Highway 101, Interstate 280, San Mateo‑Hayward Bridge, and Dumbarton Bridge.
