1641 El Camino Real Millbrae, CA 94030
Property profile & analytics
1641 El Camino Real Millbrae, CA 94030
- Manufacturing properties
- 9,040 SF
- 0.17 lot acres
Property ID
US09-1485120
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
- Joseph Huang, D.D.S. / Dental Office
- Global ATM Enterprise Inc / Atm
- Dr. Mark Tsuei DDS / Dental Office
- Huang Dental / Dental Office
- Hochstein Ilene M / Law Firm
Property Details for 1641 El Camino Real
- Year built
- 1948
- Lot size
- 0.17 lot acres
- Property size
- 9,040 SF
- Zone code
- CL00C1
- Property type
- Manufacturing properties
- APN
- 021-131-060
- APU
- 21131060
Description
This exceptional investment opportunity presents the Taylor Building, a fully renovated Class B office property located at 1641 El Camino Real, Millbrae, CA 94030. Spanning 9,040 total square feet with 6,977 net rentable square feet, this multi-tenant building offers a diverse mix of executive, medical, and traditional office spaces. Currently boasting 90% occupancy, the property generates a net operating income (NOI) of $177,145, with a pro-forma NOI of $252,825. The asking price is $3,700,000, representing a current cap rate of 4.79% and a pro-forma cap rate of 6.83%. Recent upgrades completed in December 2023 include exterior weatherization, interior painting, and HVAC system improvements. The building benefits from a rear public parking lot and high visibility due to marque signage facing El Camino Real, a major thoroughfare with a daily traffic count of 28,800 vehicles. This property presents a rare opportunity, having been under the same ownership for 50 years, offering significant tax depreciation potential. The lease type is gross, and the property is situated in San Mateo County. This is a compelling investment opportunity in a desirable location with strong potential for future growth and return.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Millbrae
- County
- San Mateo
- State
- California
- Longitude
- -122.405
- Latitude
- 37.613
- 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
$7,687
$164,420
$277,857
$442,277
-
$0.00
$0.00
$0.00
