Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    234 Marshall St Redwood City, CA 94063

    • Office properties & Spaces
    • 6,900 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dianetics / Occupational Health Service
    • Alejandro Jacome Law Office / Law Firm
    • Kathy Erken Bail Bonds / Law Firm
    • Quantum Insights, Inc. / Corporate Office
    • Insulation Solutions / General Contractor / Renovation Specialist

    Property Details for 234 Marshall St

    Lot size
    0.21 lot acres
    Property size
    6,900 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional two-story office building, located at 234 Marshall Street in Redwood City, California (94063), offers 6,900 square feet of versatile space. The property, situated on 0.21 acres of land and renovated in 2014, features a mix of creative and traditional office layouts. Multiple tenancy options are available, with suites ranging from a minimum of 284 square feet to a maximum contiguous space of 1,342 square feet. The entire 6,900 square feet is currently vacant, providing an excellent opportunity for a single tenant or multiple occupants. The building boasts six parking spaces, although elevators are not available. Its prime location, just one block from the Caltrain station and surrounded by numerous amenities, restaurants, and retailers, makes it highly desirable. The property's address is 234 Marshall Street, near Winslow Street, with an APN of 052-361-030 in San Mateo County. Flexible lease terms are available to accommodate various business needs. This is an exceptional opportunity to secure a well-located, renovated office space in the heart of Redwood City.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Redwood City
    County
    San Mateo
    State
    California
    Longitude
    -122.231
    Latitude
    37.4873

    Comparable in this City

    • Value Estimation by Request
      14,734 SF

      791 Middlefield Rd

      Office Units • 14,734 SF
      791 Middlefield Rd, Redwood City, CA 94063
      View Details
    • Value Estimation by Request
      3,600 SF

      741-745 Warrington Ave

      Office properties & Spaces • 3,600 SF
      741-745 Warrington Ave, Redwood City, CA 94063
      View Details
    • Value Estimation by Request
      0.46 Acres

      647 Veterans Blvd

      OFFICE BUILDING (MULTI-STORY) • 0.46 Acres
      647 Veterans Blvd, Redwood City, CA 94063-1408
      View Details
    • Value Estimation
      $12,300,000
      37,527 SF

      1629 Main St

      OFFICE BUILDING (MULTI-STORY) • 37,527 SF
      1629 Main St, Redwood City, CA 94063-2121
      View Details
    • Value Estimation
      $5,660,000
      11,449 SF

      610 Walnut St

      OFFICE BUILDING (MULTI-STORY) • 11,449 SF
      610 Walnut St, Redwood City, CA 94063-2049
      View Details
    • Value Estimation
      $33,360,000
      119,730 SF

      1800 Seaport Blvd

      OFFICE BUILDING (MULTI-STORY) • 119,730 SF
      1800 Seaport Blvd, Redwood City, CA 94063-5543
      View Details

    Similar Nearby for Sale

    • $4,875,000
      6,324 SF

      Redwood City Redevelopment Opportunity

      Corner lot near downtown Redwood City primed for redevelopment.
      Winslow St, Redwood City, CA 94063
      View Details
    • $3,990,000
      4,200 SF

      Redwood City Flex Space Available

      Flex space with parking, air conditioning, and modern amenities.
      730 Broadway St, Redwood City, CA 94063
      View Details
    • $1,980,000
      3,600 SF

      Redwood City Flex/Industrial/Office Space

      Flex, industrial, and office spaces available for rent in Redwood City.
      741-745 Warrington Ave, Redwood City, CA 94063
      View Details
    • Contact for pricing
      1,468 SF

      Redwood City Creative Office Space

      Converted home into office with collaboration space and garage.
      611 Middlefield Rd, Redwood City, CA 94063
      View Details
    • $4,998,000
      6,380 SF

      Redwood City Stand Alone Office

      Stand alone office building in Redwood City with flexible floorplan.
      550 Price Ave, Redwood City, CA 94063
      View Details
    • $490,000

      Prime Corner Lot on Middlefield

      Highly visible corner lot, ideal for various business ventures.
      2798 Middlefield Rd, Redwood City, CA 94063
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,422 SF

      Redwood City Office Sublease

      Plug & Play office space available for sublease.
      900 Veterans Blvd, Redwood City, CA 94063
      View Details
    • Contact for pricing
      10,055 SF

      Plug & Play Redwood City Office

      Class A, fully furnished office space near downtown Redwood City.
      2317 Broadway St, Redwood City, CA 94063
      View Details
    • Contact for pricing
      1,398 SF

      Redwood City Office Space Available

      Office space available for rent in Redwood City, CA.
      200-260 Main St, Redwood City, CA 94063
      View Details
    • Contact for pricing
      15,121 SF

      Redwood City Flex/Industrial/Office Space

      15,121 SF flex, industrial, and office space for lease.
      600-640 Galveston Dr, Redwood City, CA 94063
      View Details
    • Contact for pricing

      Redwood City Office Space Available

      Office suites with water views, flexible terms, and abundant parking.
      501 Seaport Ct, Redwood City, CA 94063
      View Details
    • Contact for pricing
      1,170 SF

      Redwood City Office Space Available

      Office space for lease in Redwood City, CA.
      1003 Main St, Redwood City, CA 94063
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    234 Marshall St
    Redwood City, CA 94063
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!