Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space Near Caltrain Station Title is generated by Realmo AI

    520 El Camino Real, San Carlos, CA 94070

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5 SF/Yr $732/Mo (calc)

    New retail spaces across from San Carlos Caltrain Station.

    Type:Retail
    Property size:
    1,757 SF
    Added:
    Nov 21, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 5 at 10:33 pm

    Property Features for 520 El Camino Real

    General Information

    Standard status
    Active
    Size
    1,757 SF
    Property subtype
    Retail

    Spaces For Lease

    at 520 El Camino Real Contact us

    We can help!

    Listing Contact
    Marketing NAI NorCal

    Listing agent Marketing NAI NorCal

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Marketing NAI NorCal

    HighLights

    • Directly across from San Carlos Caltrain Station.
    • Walker's Paradise score of 95.
    • Brand new construction.
    • Ground level location.
    • Mixed‑use property with residential condos above.
    • Ready for Tenant Improvements (TI's) to customize the space.

    Overview

    The available spaces are located on the ground level of a mixed-use property that includes nine residential condos above. This is new construction, ready for tenant improvements to customize each space. The property is directly across from the San Carlos Caltrain Station and has a Walker's Paradise score of 95.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    San Carlos
    County
    San Mateo
    State
    California
    Longitude
    -122.262
    Latitude
    37.508

    Nearby Similar for Lease

    • $2 SF/Yr
      15,600 SF

      Industrial Building with Showroom

      Freestanding industrial building with showroom and Industrial Road frontage.
      191 Industrial Road, San Carlos, CA, 94070
      View Details
    • $3 SF/Yr
      1,734 SF

      Downtown Medical/Office Space Available

      Prime downtown location with treatment rooms and parking.
      961-963 Laurel Street, San Carlos, CA
      View Details
    • $2 SF/Yr
      5,010 SF

      San Carlos Insulated Warehouse Space

      Insulated warehouse with open floor plan and street frontage.
      551 Taylor Way, San Carlos, CA, 94070
      View Details
    • $6,000/Mo
      1,925 SF

      San Carlos Retail Space Available

      Retail space for rent in San Carlos, California.
      1156 San Carlos Avenue, San Carlos, CA 94070
      View Details
    • Contact for pricing
      30,995 SF

      San Carlos Flex/Industrial Space

      Furnished office, labs, warehouse, and parking near Highway 101.
      360 Industrial Road, San Carlos, CA, 94070
      View Details
    • $3 SF/Yr
      16,117 SF

      San Carlos Industrial Flex Space

      Industrial flex space with easy highway and transit access.
      870 Industrial Road, San Carlos, CA, 94070
      View Details
    • $39 SF/Yr
      1,925 SF

      Retail Space in San Carlos

      Retail space available for lease in San Carlos, CA.
      1156 San Carlos Ave, San Carlos, CA
      View Details
    • $2 SF/Yr
      5,451 SF

      San Carlos Office/Lab Space

      5,451 SF office and R&D space with warehouse.
      1390 Bayport Ave, San Carlos, CA
      View Details
    • $75 SF/Yr
      1,609 SF

      Retail Space Near Caltrain Depot

      Retail space with high visibility near the San Carlos Caltrain.
      555 El Camino Real, San Carlos, CA
      View Details
    • Contact for pricing

      Retail Space on Highway 101

      Retail opportunity with high visibility on Bayshore Freeway/Highway 101.
      1127 Industrial Road, San Carlos, CA, 94070
      View Details
    • Contact for pricing
      240,000 SF

      New Office Building Near Highway

      240,000 sq ft office building with highway visibility.
      405 Industrial Road, San Carlos, CA, 94070
      View Details
    • Contact for pricing
      16,800 SF

      San Carlos Lab/Office Space

      16,800 SF lab/office space in Alexandria life science project.
      1531 Industrial Road, San Carlos, CA 94070
      View Details

    FAQs

    What type of property is this?
    Retail space - New retail spaces across from San Carlos Caltrain Station.
    Where is this retail space located?
    The property is located at 520 El Camino Real San Carlos, CA.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: Directly across from San Carlos Caltrain Station.; Walker's Paradise score of 95.; Brand new construction.
    (650) 400-5589
    We can help!
    Listing Contact
    Marketing NAI NorCal
    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

    Thank You for Inquiry
    520 El Camino Real, San Carlos, CA 94070
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!