979 Unit 103 Millbrae, CA 94030
This exceptional mixed-use property, located at 979 Unit 103, Millbrae, CA, presents a unique investment opportunity. Situated on a 1.11-acre lot in Millbrae's vibrant downtown retail district, this 1688 square foot space is currently configured as a bank, offering unparalleled visibility and signage potential. The property benefits from a substantial sub-level garage, providing ample parking for customers and employees. Its prime location off El Camino Real ensures easy access to Highway 101, maximizing exposure to a diverse and high-traffic demographic. The surrounding area boasts a concentration of busy grocery stores and other retail establishments, creating a synergistic environment for increased foot traffic and business opportunities. The property's high visibility and convenient access points make it an ideal location for a variety of retail businesses. The net lease is approximately $1,980 per month, with availability commencing September 1, 2024. This is a rare chance to acquire a well-established commercial space in a thriving location with significant growth potential. The property's size, location, and existing infrastructure make it an attractive proposition for discerning investors seeking a strong return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.