Property profile

388 El Camino Real San Carlos, CA 94070

OFF-MARKET
Retail properties & Spaces
12,085 SF Built 1990
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Property summary

AI-generated overview

This exceptional 12,085-square-foot freestanding office building, situated at 388 El Camino Real in San Carlos, California, presents a unique opportunity for businesses seeking a prominent location. Built in 1990 and renovated in 2017, this two-story property boasts a flexible layout encompassing both private and collaborative workspaces. The open design features a mezzanine level, high bow truss ceilings, exposed wood beams, and upscale finishes throughout, including a modern kitchen and glass breakout rooms. The property is zoned MU-N-50 (Mixed Use), allowing for a variety of business types. Its convenient location offers easy access to the San Carlos Train Station and Highway 101, enhancing commuting ease. The surrounding area is vibrant, with numerous retail options, restaurants, gyms, and entertainment venues, including the Hillsdale Shopping Center. San Carlos itself is known for its high quality of life, excellent schools, and a highly educated workforce, with over 55% of workers within a 5-mile radius holding a bachelor's degree or higher. The asking rent is $2.50 per square foot for the first year, with a lease signed before December 31, 2024. The rate increases to $3.10 per square foot after the first year. This property is a single-tenant building, offering 12,085 square feet of space. The APN is 050-054-290. A virtual tour is available online.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1990
Total area 12,085 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Agricultural Service

Location

388 El Camino Real San Carlos, CA 94070
San Carlos metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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