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Mixed-Use Office and Residential Building
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500 3rd Avenue, San Mateo, CA 94401

Five-floor office space with roof decks, underground parking, and nearby Caltrain service supports office users seeking commuter access.

Space SizeContact for details
Days on Market85

Property Features for 500 3rd Avenue

General Information

Standard status Active
Property subtype Office

Additional Details

Clear Height 13 ft
Multifamily Units 111

Building Details

Stories 5
Listing Agency: CBRE | San Francisco
Listed By: Robert McSweeney · License #00934240
Source: Cbre
Added: Jun 11 Changed: Sep 3 Last Checked: Aug 8 at 2:50AM

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

Investment Insights

Based on property information with market context.

This mixed-use property offers 198,572 RSF of office space distributed across five floors, with 13'8" clear heights. The building includes large exterior roof decks, along with a covered exterior roof deck as part of the EBC. Office amenity areas are located on the 4th and 5th floors, and the property provides two levels of underground parking for tenant use.

The office space is located about three short blocks from Caltrain, supporting convenient commuter access. The building also includes 111 residential units that operate with a separate entrance, creating a distinct residential access point within the same structure.

For office tenants, the combination of multi-floor space, meaningful vertical clearance, and both exterior and covered roof deck features can support a workplace environment with usable amenity space. The two levels of underground parking add a practical option for covered vehicle storage. For owners or operators seeking a built-in live/work mix, the 111 residential units with separate entrance provide an additional component to the property’s overall tenancy profile, while keeping residential access separated from office circulation.

Key Highlights

  • 198,572 RSF of office space across 5 floors
  • 3 short blocks from Caltrain for commuter access
  • Large exterior roof decks, including EBC with covered exterior roof deck

Property Analytics

Current Use

Edi's Quesabirrias & Tacos Restaurant

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Barber Shop Storage Facility Florist (Bike/Boat/Book/etc) Store

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

Lease Details

13 ft
Clear height
111
Residential units
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,890
Businesses Nearby

Demographics for 94401, CA

35,249
Population
13,798
Households
2.6
Avg Household Size
37
Median Age
45%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
11,371
Density / Sq Mi
$121,258
Median Household Income
$57,724
Median Earnings
$2,713
Median Rent
$1,123,300
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Five-floor office space with roof decks, underground parking, and nearby Caltrain service supports office users seeking commuter access.
Where is this mixed-use property located?
The property is located at 500 3rd Avenue San Mateo, CA.
What are key features of this property?
This property features: 198,572 RSF of office space across 5 floors; 3 short blocks from Caltrain for commuter access; Large exterior roof decks, including EBC with covered exterior roof deck
More about this property
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