Single-Tenant Office
For Sale
Contact for pricing
777 Marshall Street, Redwood City, CA 94063
Single-story office building with private offices, boardroom, open work area, and kitchenette near transit.
Property Size2,500 SF
Price / SF$840
Days on Market53
Property Features for 777 Marshall Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Office
Zoning
Downtown Precise Plan - Downtown General
Investment Type
Owner/User
Building Details
Stories
1
Tenancy
Single
Listing Agency:
Premier Properties
Listed By:
Jack Spallino · License #0089320
Source:
Crexi
Added: Jul 1
Changed: Aug 10
Last Checked: Aug 22 at 5:11AM
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 Premier Properties
Investment Insights
Based on property information with market context.
777 Marshall Street is a single-story, single-tenant office building designed for a focused workplace. The interior includes four private offices, a boardroom, a reception area, open desk space, and a kitchenette. The space also offers one shower room and two restrooms to support day-to-day operations.
The property is conveniently located in downtown Redwood City and is surrounded by downtown restaurants and amenities. It is within walking distance to the CalTrain Station, providing easy access for staff, clients, and visitors.
This configuration is well suited for an owner-user looking for dedicated office space with both private and collaborative areas, including a boardroom for meetings. The presence of multiple restrooms, a reception area, and an open work zone supports a practical mix of client-facing functions and day-to-day staffing. Investors or developers evaluating office redevelopment can also consider the asset as a development opportunity within the downtown setting.
The property is conveniently located in downtown Redwood City and is surrounded by downtown restaurants and amenities. It is within walking distance to the CalTrain Station, providing easy access for staff, clients, and visitors.
This configuration is well suited for an owner-user looking for dedicated office space with both private and collaborative areas, including a boardroom for meetings. The presence of multiple restrooms, a reception area, and an open work zone supports a practical mix of client-facing functions and day-to-day staffing. Investors or developers evaluating office redevelopment can also consider the asset as a development opportunity within the downtown setting.
Key Highlights
- Single‑story, single‑tenant office building at 777 Marshall Street in downtown Redwood City
- Approx. 2,500 SF layout with four private offices, one boardroom, reception area, and open desk space
- Includes a kitchenette, one shower room, and two restrooms
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
$80,070
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
3.81%
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%
$1,601,400
$1.6M
Cap Rate 7%
$1,143,857
$1.1M
Cap Rate 9%
$889,667
$889.7K
Market Conditions
NOI Build-Up for 2,500 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
$137.4K $54.96/SF
− Vacancy
−$30.6K −$12.26/SF
EGI
$106.8K $42.70/SF
− OpEx
−$26.7K −$10.68/SF
NOI
$80.1K $32.03/SF
Area
San Mateo County, CA
Vacancy
22.30%
Lease Rate
$54.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,601,400
Cap Rate 7%
$1,143,857
Cap Rate 9%
$889,667
Alternative Uses
Best Use
Office B
$1.14M
$1.00M – $1.33M
NOI $80,070 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.99M
$1.74M – $2.32M
NOI $139,005 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,949
Businesses Nearby
Explore this area
Business Placement
Demographics for 94063, CA
35,836
Population
12,162
Households
2.9
Avg Household Size
34
Median Age
35%
College-Educated
74%
High-School Grad
6.5 sq mi
ZIP Area
5,513
Density / Sq Mi
$115,528
Median Household Income
$50,960
Median Earnings
$2,802
Median Rent
$1,077,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-story office building with private offices, boardroom, open work area, and kitchenette near transit.
Where is this office building located?
The property is located at 777 Marshall Street Redwood City, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Single‑story, single‑tenant office building at 777 Marshall Street in downtown Redwood City; Approx. 2,500 SF layout with four private offices, one boardroom, reception area, and open desk space; Includes a kitchenette, one shower room, and two restrooms
