Industrial Property with Three-Phase
For Sale
Contact for pricing
485 Oneill Ave, Belmont, CA 94002
Industrial building with substantial three-phase electrical service and a defined Belmont address.
Property Size6,075 SF
Price / SF$576.13
Days on Market8
Property Features for 485 Oneill Ave
General Information
Standard status
Active
Size
6,075 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Power
400 amps
Voltage
240 V
Three-Phase Power
Yes
Listing Agency:
JLL | Silicon Valley
(650) 480-2200
Listed By:
Tatiana Hodapp · License #RS-87516-0
(415) 562-4268
Source:
Moodyscre
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 24 at 3:29PM
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 JLL | Silicon Valley
Investment Insights
Based on property information with market context.
This 6,075-square-foot industrial property at 485 Oneill Ave offers 400AMP / 240V 3 Phase 4W electrical service, subject to verification by an electrician. The electrical capacity is the primary documented building feature.
The property is located in Belmont, California, at 485 Oneill Ave, within the 94002 ZIP code. Additional building layout, site, access, and improvement details are not provided.
The property is located in Belmont, California, at 485 Oneill Ave, within the 94002 ZIP code. Additional building layout, site, access, and improvement details are not provided.
Key Highlights
- 6,075 square feet of industrial property
- 400AMP electrical service
- 240V 3 Phase 4W power configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$278,173
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,563,460
$5.6M
Cap Rate 7%
$3,973,900
$4.0M
Cap Rate 9%
$3,090,811
$3.1M
Market Conditions
NOI Build-Up for 6,075 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$417.0K $68.64/SF
− Vacancy
−$19.6K −$3.23/SF
EGI
$397.4K $65.41/SF
− OpEx
−$119.2K −$19.62/SF
NOI
$278.2K $45.79/SF
Area
San Mateo County, CA
Vacancy
4.70%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,563,460
Cap Rate 7%
$3,973,900
Cap Rate 9%
$3,090,811
Alternative Uses
Best Use
Industrial
$3.97M
$3.48M – $4.64M
NOI $278,173 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.83M
$4.22M – $5.63M
NOI $337,781 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 94002, CA
28,513
Population
11,307
Households
2.5
Avg Household Size
40
Median Age
69%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
5,092
Density / Sq Mi
$204,573
Median Household Income
$120,322
Median Earnings
$2,889
Median Rent
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building with substantial three-phase electrical service and a defined Belmont address.
Where is this industrial property located?
The property is located at 485 Oneill Ave Belmont, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 6,075 square feet of industrial property; 400AMP electrical service; 240V 3 Phase 4W power configuration
