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Property profile & analytics
OFF-MARKET
Mixed-use properties

979 Unit 103 Millbrae, CA 94030

1.11 ac lot Built 1968
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Year built 1968
Lot 1.11 ac (48,352 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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