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    199 California Dr Millbrae, CA 94030-3125
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    Property profile & analytics

    199 California Dr, Millbrae, CA 94030-3125

    View on Map
    • Office buildings
    • 18,746 SF
    • 0.50 lot acres
    Off-Market
    Property ID
    US09-1462983
    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.
    Value Estimations
    $4,215,000
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 199 California Dr

    Lot size
    0.50 lot acres
    Zone code
    CL0C1H
    Property type
    Office buildings
    APN
    024-352-040
    APU
    24352040

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 3, 2007 — Green Banker LLC Green Banker Quit Claim Deed —
    — — Green Banker — Deed Of Trust · related $1M · Sumitomo Bank Of California
    — — Green Banker — Deed Of Trust · related $2M · East West Bank
    — — Mansa Construction Corp — Deed Of Trust · related $730k · East West Bank
    — — Green Banker LLC — Deed Of Trust · related $3.1M · Cathay Bank

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Millbrae
    County
    San Mateo
    State
    California
    Longitude
    -122.385
    Latitude
    37.5975
    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
    $19,773
    $1,070,402
    $576,366
    $1,646,768
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,590,000
      5,736 SF

      800 El Camino Real

      OFFICE BUILDING (MULTI-STORY)
      800 El Camino Real, Millbrae, CA 94030-2057
      View Details
    • Value Estimation
      $3,180,000
      9,066 SF

      1699 El Camino Real

      OFFICE BUILDING (MULTI-STORY)
      1699 El Camino Real, Millbrae, CA 94030-1272
      View Details
    • Value Estimation by Request
      0.20 Acres

      15 El Camino Real

      OFFICE BUILDING (MULTI-STORY)
      15 El Camino Real, Millbrae, CA 94030-2603
      View Details
    • Value Estimation
      $6,535,000
      0.71 Acres

      231 Millbrae Ave

      OFFICE BUILDING (MULTI-STORY)
      231 Millbrae Ave, Millbrae, CA 94030
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    • Value Estimation by Request
      0.03 Acres

      1001 Broadway, Unit 304

      PROFESSIONAL BUILDING
      1001 Broadway, Millbrae, CA 94030-1977
      View Details
    • Value Estimation by Request
      0.10 Acres

      500 Broadway

      OFFICE BUILDING (MULTI-STORY)
      500 Broadway, Millbrae, CA 94030-1908
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High Visibility Location, Foot Traffic

      Located near transportation, retail, and dining with ample parking.
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      Large Vacant Lot in Millbrae

      0.81-acre vacant lot with potential to build dream home.
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      Retail Space Near Transit Hub

      Retail space with parking near BART and Caltrain.
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    • $6,000,000
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      Millbrae Development Site: Prime Location

      High-potential Millbrae commercial property.
      140 El Camino Real, Millbrae, CA 94030
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    • $2,985,000
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      Millbrae Commercial Property For Sale

      Commercial property available for purchase in Millbrae, California.
      186 El Camino Real, Millbrae, CA 94030
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    • $100,000
      4,977 SF

      Millbrae Grocery Store Business Opportunity

      Grocery store business for sale in Millbrae, California.
      123 El Camino Real, Millbrae, CA 94030
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    Similar Nearby for Lease

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      2,321 SF

      Transit-Oriented Mixed-Use Development Retail Space

      Retail space in a vibrant, transit-oriented mixed-use development.
      126 N Rollins Rd, Millbrae, CA 94030
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    • $3,630 /Mo

      Millbrae Commercial Unit For Rent

      1,100 sq ft commercial unit in prime Millbrae location.
      199 California Dr, Millbrae, CA 94030
      View Details
    • $1,203 /Mo
      36,160 SF

      Millbrae Office Space Available

      Prime office suites in iconic Millbrae building near transit.
      El Camino Real Ste 421, Millbrae, CA 94030
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    • Contact for pricing
      10,230 SF

      Prime Office Space Available

      Desirable location, high visibility, near transportation and amenities.
      California Dr, Millbrae, CA 94030
      View Details
    • New
      $1,700 /Mo
      9,801 SF

      First-Floor Office Space

      Office space available on El Camino Real with first-floor access and convenient nearby retail and transit.
      1641 El Camino Real, Millbrae, CA 94030
      View Details
    • Contact for pricing
      2,932 SF

      Furnished Office Space in Millbrae

      Plug & Play office space near restaurants and public transportation.
      130-140 El Camino Real, Millbrae, CA 94030
      View Details
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    Millbrae, CA 94030-3125
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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