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New Medical/Dental Condo For Sale

420 Peninsula Avenue #3, San Mateo, CA 94401

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For Sale

$1,499,000

Newly constructed medical/dental condo on the San Mateo Burlingame border.

Property size:

4,000 SF

Price / SF:

$374/SF

HighLights

Prime location on the San Mateo/Burlingame border in a high‑traffic area.
Turnkey medical/dental condo ready for immediate occupancy.
Three fully plumbed operatories ready for equipment installation.
Newly constructed in 2019 with high‑quality materials and finishes.
ADA‑compliant access and wheelchair lift.
Thoughtfully designed layout with waiting area, front desk, and private restroom.

We can help!

Listing Contact

MARTINA WONG

For Sale

$1,499,000

Newly constructed medical/dental condo on the San Mateo Burlingame border.

Property size:

4,000 SF

Price / SF:

$374/SF

Added:: Jun 19, 2025
Days on Market:: 361
Last Refresh:: Mar 16 at 9:09 am

Property Features for 420 Peninsula Avenue #3

General Information

Standard status: Active
Size: 4,000 SF

Building Details

Year Built: 2019

We can help!

Listing Contact

MARTINA WONG

Listing agent MARTINA WONG License #01353626

Listing office GENTRY REAL ESTATE

Listing date Jun 19, 2025

Source Corcoran

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 GENTRY REAL ESTATE

HighLights

Prime location on the San Mateo/Burlingame border in a high‑traffic area.
Turnkey medical/dental condo ready for immediate occupancy.
Three fully plumbed operatories ready for equipment installation.
Newly constructed in 2019 with high‑quality materials and finishes.
ADA‑compliant access and wheelchair lift.
Thoughtfully designed layout with waiting area, front desk, and private restroom.

Overview

This newly constructed medical/dental condominium is located on the border of San Mateo and Burlingame. The 4000-square-foot unit features high-quality materials and finishes throughout. The layout includes a waiting area, a front desk, and three fully plumbed operatories ready for equipment installation. The space provides ADA-compliant access, a wheelchair lift, and a private restroom. This property is located in a high-traffic location.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$134.4k	$33.60
− Vacancy	−$30.8k	−$7.69
EGI	$103.6k	$25.91
− OpEx	−$25.9k	−$6.48
NOI	$77.7k	$19.43

4,000 SF · lease $33.60/SF/yr · vacancy 22.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.11M

$971.5K – $1.30M (±1% cap)

NOI $77,717 @ 7.0% cap · market cap 5.18%

Second Best

Healthcare Medical

$946.3K

$828.0K – $1.10M (±1% cap)

NOI $66,240 @ 7.0% cap · market cap 4.42%

Theoretical Best

Office A

$1.58M

$1.38M – $1.85M (±1% cap)

NOI $110,746 @ 7.0% cap · market cap 7.39%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Leong Dental Dental Office Dr. Waymond K. ... Dental Office Dr. Roland Leong, ... Dental Office

Suggested Use

Similar Places Nearby

Camino Real Pet Clinic — 1317 Bayswater Ave, Burlingame, CA 94010
Dr. Treat — 220 Primrose Rd, Burlingame, CA 94010
Peninsula Avenue Veterinary Clinic — 440 Peninsula Ave, San Mateo, CA 94401
Marilyn Frank, DVM, MS — 1317 Bayswater Ave, Burlingame, CA 94010
Found Pets SPCA — San Mateo, CA 94401

Location Insight

Map
Local Demand

City: San Mateo
County: San Mateo
State: California
Longitude: -122.336
Latitude: 37.5788

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For sale
Medical Office Space
CA
San Mateo
94401
420 Peninsula Avenue #3

What type of property is this?

Medical Office Space - Newly constructed medical/dental condo on the San Mateo Burlingame border.

Where is this medical office space located?

The property is located at 420 Peninsula Avenue #3 San Mateo, CA.

What is the asking price?

The asking price for this property is $1,499,000.

What are key features of this property?

This property features: Prime location on the San Mateo/Burlingame border in a high‑traffic area.; Turnkey medical/dental condo ready for immediate occupancy.; Three fully plumbed operatories ready for equipment installation.