Street-Front Retail NNN
909 Main Street Redwood City, CA 94063
909 Main Street, Redwood City, CA, 94063
$3,900,000
For Sale
$3,900,000
Leased street-front retail property on a dedicated NNN structure with operating expenses shifted to the tenant.
Property Size4,450 SF
Lot Size0.15 Acres
Price / SF$876.40
Days on Market28
Property Features for 909 Main Street
General Information
- Standard status
- Active
- Size
- 4,450 SF
- Lot size
- 0.15 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1963
Listing agency
Coldwell Banker Realty
(650) 776-5779
Listed by
Johnny Heckenberg · License #01415801
(650) 776-5779
Source
Exitrealty
Added: Jun 25 Updated: Jul 22 at 7:59AM Checked: Jul 22 at 7:59AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
909 Main Street is a street-front commercial retail building positioned along a well-known retail corridor in Redwood City. The property contains 4,450 square feet and sits on a 6,650 square foot lot, providing frontage, visibility, and direct accessibility from the street. The building is currently leased under a triple-net (NNN) structure, with operating expenses including property taxes, insurance, utilities, and maintenance paid directly by the tenant.
The surrounding area features a mix of local and regional retailers, restaurants, and service businesses. Downtown Redwood City is characterized by ongoing revitalization, and the property is located close to the Caltrain Station, offering connectivity to major employment hubs across the Peninsula and San Francisco.
For buyers seeking an income-producing, low-landlord-responsibility retail asset, this property combines an in-place NNN lease with street-facing retail presence.
The surrounding area features a mix of local and regional retailers, restaurants, and service businesses. Downtown Redwood City is characterized by ongoing revitalization, and the property is located close to the Caltrain Station, offering connectivity to major employment hubs across the Peninsula and San Francisco.
For buyers seeking an income-producing, low-landlord-responsibility retail asset, this property combines an in-place NNN lease with street-facing retail presence.
Key Highlights
- 4,450 sq ft street‑front commercial building built in 1963
- 6,650 sq ft lot with street frontage and dedicated street‑front access
- Currently leased under a triple‑net (NNN) structure with operating expenses shifted to the tenant
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 | $170.3k | $38.28 |
| − Vacancy | −$8.0k | −$1.80 |
| EGI | $162.3k | $36.48 |
| − OpEx | −$48.7k | −$10.94 |
| NOI | $113.6k | $25.54 |
4,450 SF · lease $38.28/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,638 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.53M
$3.09M – $4.12M
NOI $247,428 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Leased street-front retail property on a dedicated NNN structure with operating expenses shifted to the tenant.
Where is this nnn property located?
The property is located at 909 Main Street Redwood City, CA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 4,450 sq ft street‑front commercial building built in 1963; 6,650 sq ft lot with street frontage and dedicated street‑front access; Currently leased under a triple‑net (NNN) structure with operating expenses shifted to the tenant
