Building Details

Buildings 1

Stories 2

Building Size 11,378 SF

Listing Agency: CBRE | San Francisco

Listed By: Robert McSweeney · License #00934240 Show Phone

Source: Cbre

Added: Jun 2 Changed: Oct 15 Last Checked: Oct 14 at 10:13PM

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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 CBRE | San Francisco

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Investment Insights

Based on property information with market context.

This flex space includes 11,378 square feet of building area configured for office and warehouse use across two stories. The improvements occupy a 23,871-square-foot parcel at 350 Hatch Drive in Foster City, California, providing a combined office-and-industrial property profile within an established commercial setting.

Key Highlights

• 11,378 square feet of building area
• 23,871‑square‑foot parcel
• Two‑story office and warehouse configuration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$364,414

Cap Rate

9.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,288,280 $7.3M

Cap Rate 7%

$5,205,914 $5.2M

Cap Rate 9%

$4,049,044 $4.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,378 SF

Gross rent

$625.3K $54.96/SF

− Vacancy

−$139.4K −$12.26/SF

EGI

$485.9K $42.70/SF

− OpEx

−$121.5K −$10.68/SF

NOI

$364.4K $32.03/SF

Area

San Mateo County, CA

Vacancy

22.30%

Lease Rate

$54.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,288,280

Cap Rate 7%

$5,205,914

Cap Rate 9%

$4,049,044

Alternative Uses

Best Use

Warehouse

$9.04M

$7.91M – $10.54M (±1% cap)

NOI $632,638 @ 7.0% cap · market cap 15.84%

Second Best

Industrial

$7.44M

$6.51M – $8.68M (±1% cap)

NOI $520,996 @ 7.0% cap · market cap 13.04%

Theoretical Best

—

—

same as Best Use

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store Furniture & Home Goods Electrical Service Skin Care Clinic Carpet & Flooring Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,124

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 94404, CA

37,323

Population

15,166

Households

2.5

Avg Household Size

40

Median Age

75%

College-Educated

96%

High-School Grad

4.3 sq mi

ZIP Area

8,680

Density / Sq Mi

$182,417

Median Household Income

$120,993

Median Earnings

$3,501

Median Rent

$1,682,700

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Similar Off Market Nearby

• OLHSO Korean BBQ & Seafood TRUCK — 650 Shell Blvd, Foster City, CA 94404

Frequently Asked Questions

What type of property is this?

Flex space - Office and warehouse functions are arranged across two levels.

Where is this flex space located?

The property is located at 350 Hatch Drive Foster City, CA.

What is the asking price?

The asking price for this property is $3,993,855.

What are key features of this property?

This property features: 11,378 square feet of building area; 23,871‑square‑foot parcel; Two‑story office and warehouse configuration