Flex Space with Ground-Level
For Sale
Contact for pricing
480 Veterans, Redwood City, CA 94063
Open layouts, vehicle circulation, and loading access support a range of commercial operations.
Property Size23,000 SF
Days on Market284
Property Features for 480 Veterans
General Information
Standard status
Active
Size
23,000 SF
Total Parking Spaces
125
Additional Details
Highway Access
Yes
Property Use
Light Industrial
Building Details
Year Built
1977
Listing Agency:
SC Properties
(650) 342-3030
Listed By:
Rachid Atie · License #02095614
(650) 868-0202
Source:
Giuffreproperties
Added: Jan 19
Changed: Oct 28
Last Checked: Oct 28 at 4:15PM
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 SC Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Redwood City flex property has open layouts, high ceilings, ground-level access, and space for vehicle circulation and loading. The configuration supports automotive, light industrial, warehousing, fabrication, and contractor-service operations.
The property is on Veterans Boulevard, with access to Highway 101, downtown Redwood City, and the greater Peninsula. Approximately +/-125 parking spots are available on site.
The property is on Veterans Boulevard, with access to Highway 101, downtown Redwood City, and the greater Peninsula. Approximately +/-125 parking spots are available on site.
Key Highlights
- Open layouts with ground‑level access
- High ceilings and loading access
- +/-125 parking spots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$587,342
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,746,840
$11.7M
Cap Rate 7%
$8,390,600
$8.4M
Cap Rate 9%
$6,526,022
$6.5M
Market Conditions
NOI Build-Up for 23,000 SF
Gross rent
$880.4K $38.28/SF
− Vacancy
−$41.4K −$1.80/SF
EGI
$839.1K $36.48/SF
− OpEx
−$251.7K −$10.94/SF
NOI
$587.3K $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 Rate 5%
$11,746,840
Cap Rate 7%
$8,390,600
Cap Rate 9%
$6,526,022
Alternative Uses
Best Use
Warehouse
$18.27M
$15.99M – $21.31M
NOI $1,278,842 @ 7.0% cap · market cap 127,884,200.00%
Second Best
Industrial
$15.05M
$13.16M – $17.55M
NOI $1,053,164 @ 7.0% cap · market cap 105,316,400.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,943
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Kitchenina — 178 Clinton St, Redwood City, CA 94062
- Evelin's food — 769-725 Maple St, Redwood City, CA 94063
- Kasa Indian Eatery — Located inside Kasa, 2086 Broadway A, Redwood City, CA 94063
- Italian Pasta Kitchen — Located inside Kasa, 2086 Broadway A, Redwood City, CA 94063
- Luisa's Catering — 1660 Laurel St, San Carlos, CA 94070
Frequently Asked Questions
What type of property is this?
Flex space - Open layouts, vehicle circulation, and loading access support a range of commercial operations.
Where is this flex space located?
The property is located at 480 Veterans Redwood City, CA.
What are key features of this property?
This property features: Open layouts with ground‑level access; High ceilings and loading access; +/-125 parking spots
