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Property profile & analytics
FOR LEASE
Office buildings

199 California Dr Millbrae, CA 94030

18,746 SF 0.5 ac lot
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-1462983
199 California Dr, Millbrae, CA 94030 For Lease
$5,030/Mo
199 California Dr, Millbrae, CA 94030
View Listing →
Property summary
AI-generated overview

Prime Millbrae location! This established hair replacement business, operating successfully since 2000, is available for purchase due to the owner's retirement. The business specializes in custom-made hair replacement systems, catering to a loyal clientele of over 130 clients. This represents a unique opportunity to acquire a well-established and profitable business with a proven track record. The sale includes the existing client base, providing immediate revenue potential for the new owner. The business is located at 199 California Drive, Suite 105B, in Millbrae, California. The asking price is $200,000. This turnkey operation offers a seamless transition for a qualified buyer, eliminating the need for extensive start-up costs and allowing immediate focus on client service and business growth. The business's strong reputation and established client base provide a solid foundation for continued success and expansion. This is an exceptional opportunity for an entrepreneur seeking a profitable and established business in a desirable location. Serious inquiries only. Further details are available upon request.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Total area 18,746 SF
Lot 0.5 ac (21,605 SF)
Zoning code CL0C1H
APN 024-352-040
UPID US09-1462983
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
Current use
Occupant on record · Public records
  • Andrew L. Stewart, D.C Alternative Medicine Practice
  • Artistic Image Hair Salon
  • Alliance Chiropractic Alternative Medicine Practice
  • care.coach (Bike/Boat/Book/etc) Store Corporate Office
  • Eric Isero Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.22M
Owner & transaction history
Green Banker LLC · 19 yrs held
Green Banker LLC
since 2007
5 recorded transactions
2007
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CL0C1H · Millbrae, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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