Redwood City Stand Alone
550 Price Avenue Redwood City, CA 94063
For Sale
$4,998,000
Stand alone office building in Redwood City with flexible floorplan.
Property Size6,380 SF
Price / SF$783.39
Days on Market377
Property Features for 550 Price Avenue
General Information
- Standard status
- Active
- Size
- 6,380 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1963
Listing Agency:
COMPASS
(650) 375-1111
Listed By:
GREGORY TERRY · License #00957651
Source:
Corcoran
Added: Jul 12, 2025
Changed: Jul 6
Last Checked: Jul 23 at 6:52AM
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 COMPASS
Investment Insights
Based on property information with market context.
This stand alone office building in Redwood City presents an opportunity for owner occupancy or leased investment. The property is conveniently located off Veterans Boulevard, offering close proximity to US Highway 101, Downtown Redwood City, Woodside Road (providing access to Highway 280), restaurants, recreation, and other amenities. The building has been used as the host for two law firms for many years. The property features a single-story walk-up construction with multiple access points and a functional floor plan, offering adaptability for various users. Key property details include a building size of approximately 6,380 square feet and a parcel size of approximately 20,000 square feet, according to Realist Tax Records. The current building configuration includes two office suites: Suite A, measuring approximately 3,810 square feet, and Suite B, measuring approximately 2,561 square feet, as per Open Homes Photography. There are 22 parking spaces available, including 2 accessible spaces. The property is zoned MUC-VB (Mixed-Use Corridor - Veterans Boulevard) in Redwood City.
Key Highlights
- Stand‑alone office building ideal for owner occupancy or leased investment.
- Excellent location near US Highway 101, Downtown Redwood City, and Highway 280.
- Abundant parking with 22 spaces.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $350.6k | $54.96 |
| − Vacancy | −$78.2k | −$12.26 |
| EGI | $272.5k | $42.70 |
| − OpEx | −$68.1k | −$10.68 |
| NOI | $204.3k | $32.03 |
6,380 SF · lease $54.96/SF/yr · vacancy 22.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.92M
$2.55M – $3.41M
NOI $204,338 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.07M
$4.43M – $5.91M
NOI $354,740 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Montalvo Stephen J
Law Firm
Silvestri Silvestri & Mialocq
Law Firm
FAQs
What type of property is this?
Office building - Stand alone office building in Redwood City with flexible floorplan.
Where is this office building located?
The property is located at 550 Price Avenue Redwood City, CA.
What is the asking price?
The asking price for this property is $4,998,000.
What are key features of this property?
This property features: Stand‑alone office building ideal for owner occupancy or leased investment.; Excellent location near US Highway 101, Downtown Redwood City, and Highway 280.; Abundant parking with 22 spaces.
