Two-Suite Retail Investment
For Sale
Contact for pricing
70-74 W Manor Dr, Pacifica, CA 94044
For sale two-suite retail building with approximately 3,090 rentable square feet and flexible retail floor plans on a 6,826-square-foot lot.
Property Size3,090 SF
Lot Size0.16 Acres
Price / SF$439.48
Days on Market55
Property Features for 70-74 W Manor Dr
General Information
Standard status
Active
Size
3,090 SF
Lot size
0.16 Acres
Property subtype
Retail
Zoning
C-1
Occupancy
100%
Lease Type
Modified Gross
Net Operating Income
$77,480
Additional Details
Highway Access
Yes
Building Details
Year Built
1955
Units
2
Tenancy
Multi
Listing Agency:
Levin Johnston
(650) 391-1700
Listed By:
Phu Dang · License #02303500
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 11 at 6:57PM
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 Levin Johnston
Investment Insights
Based on property information with market context.
70-74 W Manor Dr is a two-suite retail property constructed in 1955. The building provides approximately 3,090 square feet of gross rentable area and is laid out with retail floor plans designed for storefront occupancy. The property sits on a 6,826-square-foot parcel, offering a compact site sized to support neighborhood retail use.
The property is located in Pacifica, California. The surrounding area is connected to the broader Bay Area via Highway 1, and travel to major airports is described as convenient, including access to SFO and San Jose International.
As an owner-operator or investment acquisition, the two-suite configuration can support multiple retail tenants within a single asset. The existing retail-oriented layout may appeal to users seeking a defined storefront setup, while investors may value the simplicity of managing two separate suites under one ownership structure.
The property is located in Pacifica, California. The surrounding area is connected to the broader Bay Area via Highway 1, and travel to major airports is described as convenient, including access to SFO and San Jose International.
As an owner-operator or investment acquisition, the two-suite configuration can support multiple retail tenants within a single asset. The existing retail-oriented layout may appeal to users seeking a defined storefront setup, while investors may value the simplicity of managing two separate suites under one ownership structure.
Key Highlights
- Two‑suite retail building on 6,826 sq ft lot
- Built in 1955 and offers approximately 3,090 sq ft gross rentable area
- Features flexible retail floor plans for the two suites
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
$78,908
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
5.81%
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%
$1,578,160
$1.6M
Cap Rate 7%
$1,127,257
$1.1M
Cap Rate 9%
$876,756
$876.8K
Market Conditions
NOI Build-Up for 3,090 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
$118.3K $38.28/SF
− Vacancy
−$5.6K −$1.80/SF
EGI
$112.7K $36.48/SF
− OpEx
−$33.8K −$10.94/SF
NOI
$78.9K $25.54/SF
Area
San Mateo County, CA
Vacancy
4.70%
Lease Rate
$38.28 /SF/Yr
Expense Ratio
30.00%
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%
$1,578,160
Cap Rate 7%
$1,127,257
Cap Rate 9%
$876,756
Alternative Uses
Best Use
Retail
$1.13M
$986.4K – $1.32M
NOI $78,908 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.45M
$2.15M – $2.86M
NOI $171,810 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
75k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Groceries 32%
Shops & Services 28%
Home Improvements & Furnishings 4%
Safeway
Groceries
23,603 visits/mo
0.1 miles
McDonald's
Dining
15,760 visits/mo
0.2 miles
Starbucks
Dining
9,350 visits/mo
0.1 miles
Chevron
Shops & Services
6,960 visits/mo
0.2 miles
Shell
Shops & Services
5,233 visits/mo
0.2 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?
Storefront property - For sale two-suite retail building with approximately 3,090 rentable square feet and flexible retail floor plans on a 6,826-square-foot lot.
Where is this storefront property located?
The property is located at 70-74 W Manor Dr Pacifica, CA.
What is the asking price?
The asking price for this property is $1,358,000.
What are key features of this property?
This property features: Two‑suite retail building on 6,826 sq ft lot; Built in 1955 and offers approximately 3,090 sq ft gross rentable area; Features flexible retail floor plans for the two suites
