Mixed-Use Building with Retail
770 El Camino Real San Carlos, CA 94070
New
770 El Camino Real, San Carlos, CA, 94070
$3,995,000
For Sale
$3,995,000
Two ground-floor retail suites with office space and rear parking in San Carlos.
Property Size9,947 SF
Price / SF$401.63
Days on Market2
Property Features for 770 El Camino Real
General Information
- Standard status
- Active
- Size
- 9,947 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1946
Listing agency
(650) 269-8516
Listed by
Robert Guglielmi
(650) 269-8516
Source
Elliman
Added: Jul 22 Updated: Jul 23 at 4:45AM Checked: Jul 23 at 4:45AM
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 Robert Guglielmi
Investment Insights
Based on property information with market context.
This well-maintained mixed-use building totals 19,947 square feet and combines two ground-floor retail suites with an office component. One of the retail spaces is occupied by Mountain Mike's Pizza under a long-term lease, providing a measure of stability for an owner. The second retail suite, along with the office space, offers additional flexibility for future occupancy and use.
The property is located at 770 El Camino Real near US-101 and just moments from downtown San Carlos. It features parking located behind the building and is positioned to benefit from both vehicle traffic and proximity to downtown activity.
Recent capital improvements include a complete replacement and restriping of the rear parking lot and a full resealing of the barrel roof section, helping to reduce near-term capital needs. BikeScore of 74 (Very Bikeable) and WalkScore of 95 (Walker’s Paradise) are noted for the area.
The property is located at 770 El Camino Real near US-101 and just moments from downtown San Carlos. It features parking located behind the building and is positioned to benefit from both vehicle traffic and proximity to downtown activity.
Recent capital improvements include a complete replacement and restriping of the rear parking lot and a full resealing of the barrel roof section, helping to reduce near-term capital needs. BikeScore of 74 (Very Bikeable) and WalkScore of 95 (Walker’s Paradise) are noted for the area.
Key Highlights
- Built in 1946, the ±1,947 SF mixed‑use building in San Carlos offers ground‑floor retail plus office space.
- Two ground‑floor retail suites: one occupied by Mountain Mike's Pizza under a long‑term lease.
- Second retail space and the office component provide additional income and/or owner‑user potential.
Local Financial Insights For Mixed Use
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 | $682.8k | $68.64 |
| − Vacancy | −$168.6k | −$16.95 |
| EGI | $514.1k | $51.69 |
| − OpEx | −$192.8k | −$19.38 |
| NOI | $321.3k | $32.30 |
9,947 SF · lease $68.64/SF/yr · vacancy 24.70% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$4.59M
$4.02M – $5.36M
NOI $321,325 @ 7.0% cap · market cap 8.04%
Second Best
Office B
$4.55M
$3.98M – $5.31M
NOI $318,582 @ 7.0% cap · market cap 7.97%
Theoretical Best
Warehouse
$7.90M
$6.91M – $9.22M
NOI $553,071 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Leslie's
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two ground-floor retail suites with office space and rear parking in San Carlos.
Where is this mixed-use property located?
The property is located at 770 El Camino Real San Carlos, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Built in 1946, the ±1,947 SF mixed‑use building in San Carlos offers ground‑floor retail plus office space.; Two ground‑floor retail suites: one occupied by Mountain Mike's Pizza under a long‑term lease.; Second retail space and the office component provide additional income and/or owner‑user potential.
