701 Laurel St, San Carlos, CA 94070
Two-story building with ground-floor retail/office units and 19 second-floor offices on a corner site.
- Added:
- Jun 6, 2026
- Days on Market:
- 15
- Last Refresh:
- Jun 20 at 6:09 am
Property Features for 701 Laurel St
General Information
- Standard status
- Active
- Size
- 14,000 SF
- Property subtype
- Retail, Office
Listing agent Randy Kinghorn License #CA 01743580
Listing office Kinghorn Commercial Properties (650) 918-4388
Listing date Jun 6, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Kinghorn Commercial Properties
HighLights
- Two‑story corner building on Laurel and Cherry St with ground‑floor retail and office space.
- Ground floor currently configured into five units, providing retail and office income potential.
- Second floor features 19 small office units, with approximately 14,000 total building SF.
- Value‑add potential: renovate/modernize the 2nd floor and convert into one or two office suites for higher rents.
- City permanently closed this street section to vehicular traffic and envisions transforming the 700 block of Laurel St into a public plaza.
Overview
The building is located on the corner of Laurel and Cherry Street. The City has permanently closed this section of the street to vehicular traffic and has a vision to transform the 700 block of Laurel Street into a public plaza focused on a more pedestrian-friendly downtown environment.
For tenants and buyers, the asset supports flexible office demand with multiple existing units on the second floor, while the ground level provides storefront-style frontage for retail-oriented uses and customer-facing service businesses. The broader San Carlos context includes proximity between the San Francisco and San Jose economic hubs and a regional concentration of employers across technology, finance, law, and health-related industries.
Local Financial Insights For Office B
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 | $769.4k | $54.96 |
| − Vacancy | −$171.6k | −$12.26 |
| EGI | $597.9k | $42.70 |
| − OpEx | −$149.5k | −$10.68 |
| NOI | $448.4k | $32.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- San Carlos
- County
- San Mateo
- State
- California
- Longitude
- -122.258591
- Latitude
- 37.504733
