Flex Space with Grade-Level
For Sale
$1,800,000
950 Terminal WAY, San Carlos, CA 94070
A mixed office and warehouse layout includes reception, a kitchen, and two restrooms.
Property Size3,468 SF
Days on Market10
Property Features for 950 Terminal WAY
General Information
Standard status
Active
Size
3,468 SF
Property subtype
CommercialProperty
Building Details
Building Size
3,468 SF
Year Built
1960
Listing Agency:
Kinghorn Commercial Properties
Listed By:
Randy Kinghorn · License #01743580
(650) 918-4388
Source:
Johnpaye
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 5 at 10:35PM
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 Kinghorn Commercial Properties
Investment Insights
Based on property information with market context.
This 1960-built flex property pairs warehouse space with approximately four offices, a reception area, a kitchen, and two restrooms. A grade-level roll-up door serves the warehouse, while upgraded 400-amp electrical service and a gas line support the building. Four to five off-street parking spaces are positioned at the front of the property.
The property is located half a mile from Downtown San Carlos.
The property is located half a mile from Downtown San Carlos.
Key Highlights
- Flexible office and warehouse configuration
- Approximately 4 offices, plus reception area, kitchen, and two restrooms
- Grade‑level roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,799
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,175,980
$3.2M
Cap Rate 7%
$2,268,557
$2.3M
Cap Rate 9%
$1,764,433
$1.8M
Market Conditions
NOI Build-Up for 3,468 SF
Gross rent
$238.0K $68.64/SF
− Vacancy
−$11.2K −$3.23/SF
EGI
$226.9K $65.41/SF
− OpEx
−$68.1K −$19.62/SF
NOI
$158.8K $45.79/SF
Area
San Mateo County, CA
Vacancy
4.70%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,175,980
Cap Rate 7%
$2,268,557
Cap Rate 9%
$1,764,433
Alternative Uses
Best Use
Warehouse
$2.75M
$2.41M – $3.21M
NOI $192,827 @ 7.0% cap · market cap 10.71%
Second Best
Industrial
$2.27M
$1.98M – $2.65M
NOI $158,799 @ 7.0% cap · market cap 8.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,005
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94070, CA
31,585
Population
11,958
Households
2.6
Avg Household Size
42
Median Age
68%
College-Educated
97%
High-School Grad
6.1 sq mi
ZIP Area
5,178
Density / Sq Mi
$235,373
Median Household Income
$118,194
Median Earnings
$2,802
Median Rent
$2,000,001
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
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Frequently Asked Questions
What type of property is this?
Flex space - A mixed office and warehouse layout includes reception, a kitchen, and two restrooms.
Where is this flex space located?
The property is located at 950 Terminal WAY San Carlos, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Flexible office and warehouse configuration; Approximately 4 offices, plus reception area, kitchen, and two restrooms; Grade‑level roll‑up door
