Property profile

1775 Bayshore Rd East Palo Alto, CA 94303

OFF-MARKET
Retail properties & Spaces
Property ID
US10-2681438
91,907 SF 6.22 ac lot Built 2000
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Gateway 101 Center, located at 1775 E Bayshore Rd, East Palo Alto, CA 94303, presents a unique opportunity to lease a Class A retail space totaling 50,318 square feet. This single-story building, constructed in 2000, boasts a highly desirable location with excellent visibility and accessibility from US-101. The property is zoned C and features ample parking with 250 spaces available. The entire space is currently vacant, offering a blank canvas for a large-scale retail operation or a multi-tenant development. The property's superior location and the potential to attract regional clientele make it an exceptional investment. With a total building size of 50,318 square feet, the maximum contiguous space available is also 50,318 square feet. The property is situated in San Mateo County (APN: 063-51-1720) and benefits from its proximity to O'Connor Cross Street. The annual property taxes are $6.80 per square foot. This exceptional retail space offers a rare opportunity to establish a significant presence in a thriving market. The property's size and location make it ideal for a variety of retail uses, including grocery, supermarket, department store, restaurant, or a combination thereof. Don't miss this chance to secure a prime retail location in East Palo Alto.

Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 2000
Total area 91,907 SF
Lot 6.22 ac (270,798 SF)
APN 063-511-720
UPID US10-2681438

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1775 Bayshore Rd East Palo Alto, CA 94303-2523
East Palo Alto metro Census 611901 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$36.11M
Comparable Approach Comparable
$66.62M
Blend (final) Blend
$52.90M

Owner & transaction history

since 2021
Last sale
$53.2M
2 recorded transactions
2021
$53.2M
2008
$24.7M

Zoning & alternative use

Top alternative use upside
Restaurant $62.1M +33.0%
Office building $59.0M +26.1%
Neighborhood: shopping center $49.6M +6.1%

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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