Historic Mixed-Use Redwood City
901 MAIN ST Redwood City, CA 94063
901 MAIN ST, Redwood City, CA, 94063
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For Sale
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Rare, stabilized mixed-use investment in Downtown Redwood City.
Property Size5,000 SF
Price / SF$520
Days on Market67
Property Features for 901 MAIN ST
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1901
Listing Agency
The Corcoran Group
(650) 339-6818
Listed by
Rachna Gandhi · License #0204779
Source
Crexi
Added: May 12 Checked: Jul 15 at 8:54 pm
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 The Corcoran Group
Investment Insights
Based on property information with market context.
Located in the heart of Downtown Redwood City, 901–903 Broadway Street presents a historic mixed-use investment opportunity. This two-story asset, with approximately 5,000 square feet, features a blend of retail and residential income. It comprises two ground-floor retail suites and four upper-floor residential units. Originally constructed in 1901 and structurally renovated in 1992, the property is positioned within the Downtown Precise Plan corridor. The location offers walkability to Caltrain and major employers, including Oracle, Electronic Arts, and Box, as well as redevelopment activity throughout Downtown Redwood City. The property is currently 100% occupied with long-term in-place tenancy, providing stable cash flow and appreciation potential.
Key Highlights
- Rare historic mixed‑use investment property in Downtown Redwood City.
- 100% occupied with long‑term in‑place tenancy, providing stable cash flow.
- Located in a high‑barrier‑to‑entry market with long‑term appreciation 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 | $343.2k | $68.64 |
| − Vacancy | −$84.8k | −$16.95 |
| EGI | $258.4k | $51.69 |
| − OpEx | −$96.9k | −$19.38 |
| NOI | $161.5k | $32.30 |
5,000 SF · lease $68.64/SF/yr · vacancy 24.70% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.31M
$2.02M – $2.69M
NOI $161,519 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$1.94M
$1.70M – $2.27M
NOI $136,085 @ 7.0% cap · market cap 5.23%
Theoretical Best
Warehouse
$3.97M
$3.48M – $4.63M
NOI $278,009 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Better Hair Days
Hair Salon
Angel Looks Studio
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Rare, stabilized mixed-use investment in Downtown Redwood City.
Where is this mixed-use property located?
The property is located at 901 MAIN ST Redwood City, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Rare historic mixed‑use investment property in Downtown Redwood City.; 100% occupied with long‑term in‑place tenancy, providing stable cash flow.; Located in a high‑barrier‑to‑entry market with long‑term appreciation potential.
