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Office Building with Roof Decks
For Lease
Contact for pricing

500 E 3rd Ave, San Mateo, CA 94401

Five-story office space features large exterior roof decks, 13'8" clear heights, and two levels of underground parking.

Space Size48,682 SF
Days on Market141

Property Features for 500 E 3rd Ave

General Information

Standard status Active
Size 48,682 SF
Property subtype OFFICE

Additional Details

Clear Height 14.5 ft
Multifamily Units 111

Amenities

Large Exterior Roof Decks
Office Amenity Areas on 4th & 5th Floors
EBC with Covered Exterior Roof Deck

Spaces For Lease

at 500 E 3rd Ave
Block 21 AVAILABLE, Now
Floor 1
Size 48,682 SF
Type OFFICE
Rate Contact for pricing
Sublease No
- 198,572 RSF of Office Space on 5 Floors - 3 Short Blocks from Caltrain - Large Exterior Roof Decks - 13'18" Clear Heights - 2 Levels of Underground Parking - Office Amenity Areas on 4th & 5th Floors - EBC with Covered Exterior Roof Deck - 111 Residential Units with Separate Entrance
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Listing Agency: CBRE | San Francisco
Listed By: Robert McSweeney · License #00934240
Source: Moodyscre
Added: Jun 10 Changed: Oct 26 Last Checked: Oct 26 at 5:35PM

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

Rey
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Investment Insights

Based on property information with market context.

This property offers 198,572 RSF of office space on five floors, supported by amenity areas on the 4th and 5th floors. The building includes large exterior roof decks and an exterior building package (EBC) with a covered exterior roof deck, with 13'8" clear heights throughout the office space. Two levels of underground parking provide enclosed parking access.

The building is also configured with 111 residential units, served by a separate entrance. It is approximately three short blocks from Caltrain, supporting convenient transit access for office and residential occupants.

Overall, the asset combines a multi-floor office configuration with dedicated residential entry, plus exterior deck space and structured parking to support daily operations.

Key Highlights

  • 198,572 RSF of office space on 5 floors
  • 13'8" clear heights and large exterior roof decks
  • 2 levels of underground parking

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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

14 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Office building - Five-story office space features large exterior roof decks, 13'8" clear heights, and two levels of underground parking.
Where is this office building located?
The property is located at 500 E 3rd Ave San Mateo, CA.
What are key features of this property?
This property features: 198,572 RSF of office space on 5 floors; 13'8" clear heights and large exterior roof decks; 2 levels of underground parking
(650) 759-0202 Call to check price and availability
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