1373 Lowrie Ave South San Francisco, CA 94080
Property profile & analytics
1373 Lowrie Ave South San Francisco, CA 94080
- Manufacturing properties
- 29,900 SF
- 1.00 lot acres
Property ID
US09-1251095
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Inspired Cookie / Bakery / Specialty Food Shop
- City Baking Co / Bakery / Production Facility
Property Details for 1373 Lowrie Ave
- Year built
- 1972
- Lot size
- 1.00 lot acres
- Property size
- 29,900 SF
- Zone code
- MH00M2
- Property type
- Manufacturing properties
- APN
- 015-115-430
- APU
- 15115430
Description
This exceptional value-add industrial property in South San Francisco, California, presents a compelling investment opportunity. Located at 1373 Lowrie Ave, 94080, this fee-simple owned, 33,000 square-foot warehouse boasts a prime location, offering easy freeway access and proximity to San Francisco and San Francisco International Airport. The single-story building, constructed in 1971 and renovated in 2006, sits on a one-acre lot and features a 20-foot ceiling height, heavy power, sprinklers, floor drains, and ample off-street parking. Currently 100% occupied by two tenants—an electrician and a USDA-approved baking facility—under a net-net lease structure, the property offers significant upside potential. Lease terms expire in August 2024 (electrician) and August 2027 (bakery), with a weighted average lease term (WALT) of approximately 2.8 years. Rent bumps are set at 3%, and lease options include fair market value (FMV) renewals. The property is zoned MH2 and offers approximately five grade-level doors, one of which can be converted to a dock well. With below-market rents and a low vacancy rate in a competitive market, this property is ideal for investors seeking strong returns or owner-users who can leverage the existing tenancy while planning for future rental increases or occupancy. The projected net operating income (NOI) is expected to increase to over 7% upon lease renewals at market rates. This rare USDA-approved baking facility adds significant value to this already attractive investment.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $8,865,000
Market price range: $4.88M - $14.5M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $9,785,000 Current use
- WAREHOUSE, STORAGE
- $12,860,000 Change: +31% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- South San Francisco
- County
- San Mateo
- State
- California
- Longitude
- -122.411
- Latitude
- 37.6474
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$77,947
$3,798,302
$1,473,762
$5,272,064
-
$0.00
$0.00
$0.00
