Commercial Land With Existing
For Sale
$1,500,000
699 Oceana Boulevard, Pacifica, CA 94044
C-2-zoned commercial site with a freestanding restaurant building and US Highway access.
Property Size3,000 SF
Price / SF$500
Days on Market15
Property Features for 699 Oceana Boulevard
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Amenities
3
Highway Access, US Highway.
Listing Agency:
Laurel Realty & Investment
(415) 601-2779
Listed By:
Jeff Appenrodt
(415) 601-2779
Source:
Xome
Added: Aug 8
Changed: Aug 16
Last Checked: Aug 22 at 4:32AM
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 Laurel Realty & Investment
Investment Insights
Based on property information with market context.
This C-2-zoned commercial land includes an approximately 27,922-square-foot lot improved with an approximately 3,000-square-foot freestanding restaurant building. The existing improvement provides an established commercial structure within a larger development site.
The property is located at 699 Oceana Boulevard in Pacifica and has US Highway access. Motel development had previously been contemplated for the site. Any future development, allowable uses, density, parking requirements, prior plans, and approvals remain subject to verification with the City of Pacifica Planning Department and applicable governmental requirements.
The property is located at 699 Oceana Boulevard in Pacifica and has US Highway access. Motel development had previously been contemplated for the site. Any future development, allowable uses, density, parking requirements, prior plans, and approvals remain subject to verification with the City of Pacifica Planning Department and applicable governmental requirements.
Key Highlights
- Approximately 27,922‑square‑foot commercial land site
- Approximately 3,000‑square‑foot freestanding restaurant building
- C‑2 zoning identified for the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,328
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,286,560
$1.3M
Cap Rate 7%
$918,971
$919.0K
Cap Rate 9%
$714,756
$714.8K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$90.0K $30.00/SF
− Vacancy
−$4.2K −$1.41/SF
EGI
$85.8K $28.59/SF
− OpEx
−$21.4K −$7.15/SF
NOI
$64.3K $21.44/SF
Area
San Mateo County, CA
Vacancy
4.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,286,560
Cap Rate 7%
$918,971
Cap Rate 9%
$714,756
Alternative Uses
Best Use
Specialty Retail
$919.0K
$804.1K – $1.07M
NOI $64,328 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.38M
$2.09M – $2.78M
NOI $166,805 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
75k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Groceries 31%
Shops & Services 27%
Home Improvements & Furnishings 4%
Safeway
Groceries
23,603 visits/mo
0.3 miles
McDonald's
Dining
15,760 visits/mo
0.4 miles
Starbucks
Dining
9,350 visits/mo
0.1 miles
Chevron
Shops & Services
6,960 visits/mo
0.1 miles
Shell
Shops & Services
5,233 visits/mo
0.3 miles
Demographics for 94044, CA
38,675
Population
14,609
Households
2.6
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
15.1 sq mi
ZIP Area
2,561
Density / Sq Mi
$156,658
Median Household Income
$75,296
Median Earnings
$3,075
Median Rent
$1,211,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - C-2-zoned commercial site with a freestanding restaurant building and US Highway access.
Where is this commercial land located?
The property is located at 699 Oceana Boulevard Pacifica, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 27,922‑square‑foot commercial land site; Approximately 3,000‑square‑foot freestanding restaurant building; C‑2 zoning identified for the property
