Leased Medical Office
For Sale
$1,400,000
987 Laurel St, San Carlos, CA 94070
A leased medical office asset offering development upside for investors seeking current income and future potential.
Property Size1,185 SF
Days on Market74
Property Features for 987 Laurel St
General Information
Standard status
Active
Size
1,185 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,185 SF
Year Built
1946
Listing Agency:
Compass
(650) 793-0541
Listed By:
Alexander Kent · License #CalDRE #DRE# 01718732
(650) 793-0541
Source:
Compass-cre
Added: Jun 2
Changed: Aug 14
Last Checked: Aug 14 at 6:09AM
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 Compass
Investment Insights
Based on property information with market context.
This property is a leased medical office investment positioned for investors who want current income with development upside. The offering is presented as an income-producing asset, with the additional opportunity to consider future changes through development potential as part of the investment thesis.
Located at 987 Laurel St in San Carlos, California, the property is being marketed as a for-sale opportunity. The current use as medical office space supports an owner-operator or investor strategy focused on holding a stabilized income stream while evaluating longer-term options.
For buyers, this is best suited to those looking for an established, leased commercial asset with upside rather than a value-add scenario that requires immediate re-tenanting. The medical office configuration can appeal to investors seeking steady demand characteristics associated with healthcare-adjacent businesses. If development is part of your plan, the stated development upside makes this a compelling option for underwriting beyond the existing leasehold.
Located at 987 Laurel St in San Carlos, California, the property is being marketed as a for-sale opportunity. The current use as medical office space supports an owner-operator or investor strategy focused on holding a stabilized income stream while evaluating longer-term options.
For buyers, this is best suited to those looking for an established, leased commercial asset with upside rather than a value-add scenario that requires immediate re-tenanting. The medical office configuration can appeal to investors seeking steady demand characteristics associated with healthcare-adjacent businesses. If development is part of your plan, the stated development upside makes this a compelling option for underwriting beyond the existing leasehold.
Key Highlights
- Year built: 1946
- Leased medical office asset providing current rental income
- Includes stated development upside for investors
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,963
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
Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Animal Dental Clinic — 987 Laurel St, San Carlos, CA 94070
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- PetSmart Veterinary Services San Carlos — 1225 Industrial Rd, San Carlos, CA 94070
- Bow Wow Meow — 737 Laurel St, San Carlos, CA 94070
- VCA San Carlos Animal Hospital — 718 El Camino Real, San Carlos, CA 94070
Frequently Asked Questions
What type of property is this?
Medical Office Space - A leased medical office asset offering development upside for investors seeking current income and future potential.
Where is this medical office space located?
The property is located at 987 Laurel St San Carlos, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Year built: 1946; Leased medical office asset providing current rental income; Includes stated development upside for investors
