Mixed-Use Building with Ground-Floor
For Sale
$4,200,000
577 Laurel St, San Carlos, CA 94070
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 Market187
Property Features for 577 Laurel St
General Information
Standard status
Active
Size
5,554 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
5
Listing Agency:
Compass
(510) 339-6460
Listed By:
Marco Barretto · License #02078316
(415) 272-0059
Source:
Exprealty
Added: Apr 19
Changed: Oct 21
Last Checked: Oct 20 at 8:47PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,415
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,588,300
$3.6M
Cap Rate 7%
$2,563,071
$2.6M
Cap Rate 9%
$1,993,500
$2.0M
Market Conditions
NOI Build-Up for 5,554 SF
Gross rent
$381.2K $68.64/SF
− Vacancy
−$94.2K −$16.95/SF
EGI
$287.1K $51.69/SF
− OpEx
−$107.6K −$19.38/SF
NOI
$179.4K $32.30/SF
Area
San Mateo County, CA
Vacancy
24.70%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,588,300
Cap Rate 7%
$2,563,071
Cap Rate 9%
$1,993,500
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 authorities.
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,625
Businesses Nearby
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Business Placement
Demographics for 94070, CA
31,585
Population
11,958
Households
2.6
Avg Household Size
42
Median Age
68%
College-Educated
97%
High-School Grad
6.1 sq mi
ZIP Area
5,178
Density / Sq Mi
$235,373
Median Household Income
$118,194
Median Earnings
$2,802
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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
