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Two-Story Flex Space
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931 N Amphlett BLVD, San Mateo, CA 94401

Multiple commercial roll-up doors accommodate a range of business operations.

Property Size3,160 SF
Price / SF$2.00
Days on Market495

Property Features for 931 N Amphlett BLVD

General Information

Standard status Active
Size 3,160 SF

Additional Details

Highway Access Yes

Building Details

Year Built 1960
Stories 2
Listing Agency: Beale Properties
Listed By: Richard Beale · License #00613671
Source: Giuffreproperties
Added: Jun 23, 2025 Changed: Oct 28 Last Checked: Oct 28 at 3:46PM

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 Beale Properties

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Investment Insights

Based on property information with market context.

At 931 N Amphlett Blvd in San Mateo, this 3,160-square-foot flex property has a two-story layout, high ceilings, an open work area, and multiple commercial roll-up doors. Built in 1960, the building offers a combination of workspace and door access for commercial operations.

The property has access to major freeways and visibility from Highway 101.

Key Highlights

  • 3,160‑square‑foot flex property
  • Two‑story building with an open work area
  • Multiple commercial roll‑up doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$42,542
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,840 $850.8K
Cap Rate 7%
$607,743 $607.7K
Cap Rate 9%
$472,689 $472.7K
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$75.8K $24.00/SF
− Vacancy
−$10.4K −$3.29/SF
EGI
$65.4K $20.71/SF
− OpEx
−$22.9K −$7.25/SF
NOI
$42.5K $13.46/SF
Area
San Mateo, CA
Vacancy
13.70%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,840
Cap Rate 7%
$607,743
Cap Rate 9%
$472,689

Alternative Uses

Best Use
Warehouse
$789.9K
$691.1K – $921.5K (±1% cap)
NOI $55,291 @ 7.0% cap · market cap 874.86%
Second Best
Industrial
$650.5K
$569.2K – $758.9K (±1% cap)
NOI $45,534 @ 7.0% cap · market cap 720.47%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M (±1% cap)
NOI $87,489 @ 7.0% cap · market cap 1,384.32%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

RUGS and CARPETS INC. Carpet & Flooring Store

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Pharmacy Locksmith Tattoo & Piercing Shop Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,112
Businesses Nearby
Under-served
Demand for This Use

Demographics for 94401, CA

35,249
Population
13,798
Households
2.6
Avg Household Size
37
Median Age
45%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
11,371
Density / Sq Mi
$121,258
Median Household Income
$57,724
Median Earnings
$2,713
Median Rent
$1,123,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025

Similar Off Market Nearby

  • SMITH'S BEVERAGE — 1 N Amphlett Blvd ste a, San Mateo, CA 94401
  • Totoro Bento — 856 N Delaware St, San Mateo, CA 94401
  • Sous Kitchen — 380 Beach Rd, Burlingame, CA 94010

Frequently Asked Questions

What type of property is this?
Flex space - Multiple commercial roll-up doors accommodate a range of business operations.
Where is this flex space located?
The property is located at 931 N Amphlett BLVD San Mateo, CA.
What are key features of this property?
This property features: 3,160‑square‑foot flex property; Two‑story building with an open work area; Multiple commercial roll‑up doors
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