Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    501 Island Pkwy Redwood City, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex/Industrial space available for lease in Redwood City, CA.

    Type:FLEX_R_AND_D
    Property size:
    26,000 SF
    Lot size:
    21.51 Acres
    Added:
    Nov 27, 2024
    Days on Market:
    518
    Last Refresh:
    Apr 5 at 9:51 pm

    Property Features for 501 Island Pkwy

    General Information

    Standard status
    Active
    Size
    26,000 SF
    Lot size
    21.51 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 501 Island Pkwy Contact us

    We can help!

    Listing Contact
    Scott W. Miller

    Listing agent Scott W. Miller

    Listing office JLL | Silicon Valley

    Listing date Nov 27, 2024

    Source Moodyscre

    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

    Overview

    Redwood City Flex/Industrial Space

    This flex/industrial property offers 26,000 square feet of space and is available for rent. Contact agent for more information.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic

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

    Similar Places Nearby

    • PeteZeria Forno — belmont, ca 94002
    • Miss Subi — 407 Old County Rd, Belmont, CA 94002
    • Koriander Indian Cuisine — 520 Masonic Way, Belmont, CA 94002

    Location Insight

    • Map
    • Local Demand
    City
    Redwood City
    County
    San Mateo
    State
    California
    Longitude
    -122.253
    Latitude
    37.5324

    Nearby Similar for Lease

    • $5,687/Mo

      Redwood City Retail Space Available

      Flexible commercial space available in Redwood City, CA.
      3115 Jefferson Ave, Redwood City, CA 94062
      View Details
    • Sponsored
      Contact for pricing

      Twin Dolphin Drive

      303 Twin Dolphin Dr, Unit 6TH, Redwood City, CA 94065
      View Details
    • $1.00 SF/Yr

      Redwood City Automotive/Industrial Space

      Functional space in Redwood City with high visibility and accessibility.
      480 Veterans, Redwood City, CA 94063
      View Details
    • $723/Mo

      Redwood City Office Space Available

      Office space available for rent in Redwood City, CA.
      541 Jefferson Ave, Suite 206, Redwood City, CA 94063
      View Details
    • $3 SF/Yr

      Downtown Redwood City Office/Retail Space

      1,580 SF office/retail space in downtown Redwood City.
      1780 Broadway Street, Redwood City, California 94063
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office building with park views and modern amenities.
      333 Twin Dolphin Drive, Redwood Shores, CA 94065
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space with easy highway access and amenities.
      255 Shoreline Drive, Redwood Shores, CA 94065
      View Details
    • Contact for pricing

      Redwood City Office Space Available

      Move-in ready office space near downtown Redwood City and Caltrain.
      350 Convention Way, Redwood City, CA 94063
      View Details
    • $47 SF/Yr

      Renovated Office Suites with Parking

      Newly renovated office suites with covered parking and EV charging.
      1775 Woodside Rd, Redwood City, CA
      View Details
    • $0.99 SF/Yr

      Redwood City Office and R&D

      47,186 SF of office and R&D space available.
      101 Galveston Drive, Redwood City, CA, 94063
      View Details
    • Contact for pricing

      Redwood Shores Office Space Available

      Office space for lease in prominent Redwood Shores location.
      203 Redwood Shores Parkway, Redwood City, CA 94065
      View Details
    • Contact for pricing

      Class A Office Space Available

      Office space for lease in Redwood Shores, move-in ready suites.
      555 Twin Dolphin Drive, Redwood Shores, CA 94065
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex/Industrial space available for lease in Redwood City, CA.
    Where is this flex space located?
    The property is located at 501 Island Pkwy Redwood City, CA.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Contact agent for more information
    (650) 480-2200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott W. Miller
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!