2565 Middlefield Rd Redwood City, CA 94063
- Warehouses
- 10,520 SF
- 0.36 lot acres
Current Use by Public Records
- Good Earth Bakery / Bakery / Specialty Food Shop
- Car Title Loans / Loan Service
Property Details for 2565 Middlefield Rd
- Year built
- 1960
- Lot size
- 0.36 lot acres
- Property size
- 10,520 SF
- Zone code
- CH00CN
- Property type
- Warehouses
- APN
- 054-094-370
- APU
- 54094370
Description
This fee-simple industrial property, located at 2565-2569 Middlefield Rd, Redwood City, CA 94063, offers 10,400 square feet on a 15,778 square foot lot. The single-story, Class C building, constructed in 1960, features an 18-foot ceiling height and two grade-level doors. The property is zoned CG Redwood City and includes six parking spaces. Currently, one 5200 SF unit is vacant and the other 5200 SF unit is leased until January 31, 2028. The building has a total of 800 Amps of electrical service (400 Amps per unit; buyer to verify). This represents a compelling investment opportunity in a prime Redwood City location, with a list price of $3,900,000 ($375 per square foot). The property is a stand-alone building and is suitable for distribution, flex, or warehouse uses. The APN is 054-09-4370. This is a vacant possession opportunity with potential for immediate occupancy and/or rental income.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,403,000
Market price range: $1.15M - $6.10M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $3,445,000 Current use
- COMMERCIAL (GENERAL)
- $4,860,000 Change: +41% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $4,780,000 Change: +39% Conversion: Easy
- RETAIL STORES
- $4,550,000 Change: +32% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $3,380,000 Change: -2% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Redwood City
- County
- San Mateo
- State
- California
- Longitude
- -122.213
- Latitude
- 37.4784
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA