Two-Suite Retail
For Sale
$1,358,000
70 W Manor Dr, Pacifica, CA 94044
Two well-designed retail suites in a mid-century building offer flexible space for current or future tenants.
Property Size3,090 SF
Lot Size0.16 Acres
Price / SF$439.48
Days on Market56
Property Features for 70 W Manor Dr
General Information
Standard status
Active
Size
3,090 SF
Lot size
0.16 Acres
Property subtype
Vacant-User
Additional Details
Cap Rate
5.71%
Highway Access
Yes
Amenities
Well- Situated Pacifica Investment Opportunity
Leaseback ot Owner/User Opportunity
Easy Access to Major San Francisco
Building Details
Building Size
3,090 SF
Year Built
1955
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Palo Alto
(650) 391-1782
Listed By:
Adam Levin · License #License(s): CA: 01462752
(650) 391-1782
Source:
Marcusmillichap
Added: Jun 28
Changed: Aug 8
Last Checked: Aug 22 at 3:33AM
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 Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
70-74 W Manor Dr is a two-suite retail property with gross rentable area of approximately 3,090 square feet, built in 1955. The building offers retail floor plans designed for customer-facing use across two separate suites, supporting multiple-tenant occupancy or phased re-leasing. The property sits on a 6,826-square-foot parcel.
The asset is located in Pacifica, California, a community known for coastal access and outdoor recreation. It is described as being accessible via Highway 1, with convenient driving access to San Francisco International Airport and San Jose International Airport.
For buyers looking at retail investment or operators seeking storefront space, the two-suite configuration can provide flexibility in tenant mix and suite-level leasing. The property’s established retail layout and separated suites are well suited to businesses that benefit from consistent retail-ready space within a coastal Bay Area market.
The asset is located in Pacifica, California, a community known for coastal access and outdoor recreation. It is described as being accessible via Highway 1, with convenient driving access to San Francisco International Airport and San Jose International Airport.
For buyers looking at retail investment or operators seeking storefront space, the two-suite configuration can provide flexibility in tenant mix and suite-level leasing. The property’s established retail layout and separated suites are well suited to businesses that benefit from consistent retail-ready space within a coastal Bay Area market.
Key Highlights
- 70‑74 W Manor Dr is a two‑suite retail property in Pacifica, CA
- Constructed in 1955 (mid‑century building)
- Sits on a 6,826‑square‑foot parcel
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
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
75k
Monthly Visits Nearby
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?
Retail space - Two well-designed retail suites in a mid-century building offer flexible space for current or future tenants.
Where is this retail space located?
The property is located at 70 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: 70‑74 W Manor Dr is a two‑suite retail property in Pacifica, CA; Constructed in 1955 (mid‑century building); Sits on a 6,826‑square‑foot parcel
