717 Laurel Street San Carlos, CA 94070
Single-tenant retail building in San Carlos with redevelopment opportunities.
Property Features for 717 Laurel Street
General Information
- Standard status
- Active
- Size
- 7,350 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1951
Listing office Kinghorn Commercial Properties (650) 918-4388
Listing date May 4, 2025
Source Exitrealty
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All listing content including descriptions, pricing, images are the copyrighted material of Kinghorn Commercial Properties
Investment Insights
Based on property information with market context.
Key Highlights
- Prime retail space with approximately 5,550 sf on the ground floor and +\/-1,800 sf of mezzanine space.
- Opportunity for value‑add through re‑tenanting and potential demising into multiple retail units.
- Available for owner/user occupancy upon lease expiration in July 2026.
Local Financial Insights For Retail
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 | $281.4k | $38.28 |
| − Vacancy | −$13.2k | −$1.80 |
| EGI | $268.1k | $36.48 |
| − OpEx | −$80.4k | −$10.94 |
| NOI | $187.7k | $25.54 |
