Mixed-Use Building with Ground-Floor
577 Laurel St San Carlos, CA 94070
577 Laurel St, San Carlos, CA, 94070
$4,200,000
For Sale
$4,200,000
Five-unit mixed-use property with four residential units and prominent ground-floor commercial frontage.
Property Size5,554 SF
Price / SF$756.21
Days on Market94
Property Features for 577 Laurel St
General Information
- Standard status
- Active
- Size
- 5,554 SF
Listing agency
Compass
(415) 272-0059
Listed by
Marco Barretto
(415) 272-0059
Source
Exprealty
Added: Apr 21 Updated: Jul 23 at 5:24AM Checked: Jul 23 at 5:24AM
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 five-unit mixed-use building combines four residential units with prominent ground-floor commercial frontage. The property is configured to generate income from both residential and street-level retail space, making it well-suited for an owner-operator or investor approach.
Located in the heart of Downtown San Carlos at 577 Laurel Street, the building is described as being steps from Caltrain and Highway 101, with access to the Laurel Street dining and shopping district.
Located in the heart of Downtown San Carlos at 577 Laurel Street, the building is described as being steps from Caltrain and Highway 101, with access to the Laurel Street dining and shopping district.
Key Highlights
- 5‑unit mixed‑use building with four residential units and prominent ground‑floor commercial frontage
- Located at 577 Laurel Street in Downtown San Carlos
- Ground‑floor commercial frontage on a retail corridor in the Laurel Street dining and shopping district
Local Financial Insights For Mixed Use
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 | $381.2k | $68.64 |
| − Vacancy | −$94.2k | −$16.95 |
| EGI | $287.1k | $51.69 |
| − OpEx | −$107.6k | −$19.38 |
| NOI | $179.4k | $32.30 |
5,554 SF · lease $68.64/SF/yr · vacancy 24.70% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.56M
$2.24M – $2.99M
NOI $179,415 @ 7.0% cap · market cap 4.27%
Second Best
Multifamily LT 5
$2.31M
$2.02M – $2.69M
NOI $161,398 @ 7.0% cap · market cap 3.84%
Theoretical Best
Warehouse
$4.41M
$3.86M – $5.15M
NOI $308,813 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rosai's Fine Jewelers
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Five-unit mixed-use property with four residential units and prominent ground-floor commercial frontage.
Where is this mixed-use property located?
The property is located at 577 Laurel St San Carlos, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 5‑unit mixed‑use building with four residential units and prominent ground‑floor commercial frontage; Located at 577 Laurel Street in Downtown San Carlos; Ground‑floor commercial frontage on a retail corridor in the Laurel Street dining and shopping district
