Property profile

1191 Laurel St San Carlos, CA 94070

FOR LEASE
Retail space
Property ID
US09-1829988
0.02 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property in downtown San Carlos, CA, presents a unique owner-user or investment opportunity. The 1,700 square foot building, constructed in 1950, sits on a 1,016 square foot lot (APN 051-344-040) and is zoned MU SB 100. The property features a stylish retail showroom on the ground floor, currently operating on a month-to-month lease, offering flexibility for future plans. Above the retail space is a remodeled, spacious two-bedroom, one-bathroom apartment with abundant natural light from skylights and large windows. The apartment includes central heating and air conditioning, in-unit laundry, and a fully equipped kitchen with a dishwasher. Additional storage is available on the first floor. The apartment is currently vacant. The asking price is $1,300,000, resulting in a price per square foot of $764.71. This prime Laurel Street location is within walking distance of shopping, dining, and entertainment, offering easy access to Silicon Valley and the San Francisco Bay Area. The property is currently 50% occupied. This is a rare opportunity to own a mixed-use property in a highly desirable San Carlos location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.02 ac (1,016 SF)
APN 051-344-040
UPID US09-1829988

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
  • Hardware & Home Improvement Furniture & Home Goods
  • Construction Company General Contractor

Location

1191 Laurel St San Carlos, CA 94070
San Carlos metro Census 609201 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.23M

Owner & transaction history

since 2025
Last sale
$1.2M
2 recorded transactions
2025
$1.2M
2001
Price N/A

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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More about this property
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