Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2820 El Camino Real San Mateo, CA 94403-2729
    Back to Search
    Property profile & analytics

    2820 El Camino Real, San Mateo, CA 94403-2729

    View on Map
    • Industrial properties
    • 0.50 lot acres
    Off-Market
    Last Sale Apr 4, 2022
    Property ID
    US09-5279688
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 2820 El Camino Real

    Lot size
    0.50 lot acres
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    039-353-170
    APU
    39353170

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 4, 2022 — George Pong Lap Lam George Pong Lap Lam Intrafamily Transfer · related $3M · Axos Bank

    Description

    This exceptional 0.5-acre commercial land parcel, located at 2820 S El Camino Real in San Mateo, CA (APN 039-353-170), presents a unique development opportunity. Zoned C3-1/R4, it allows for diverse uses, including commercial and mixed-use projects. Boasting a prime location at the corner of 28th Avenue and S El Camino Real, the property benefits from exceptional visibility and high traffic counts exceeding 43,100 vehicles daily. Its proximity to the Hillsdale Caltrain station ensures high pedestrian traffic. The site is situated within a thriving retail and mixed-use corridor, surrounded by ongoing and recently completed development projects. This presents an ideal investment for developers seeking to capitalize on the affluent demographics of the area, with over 264,000 people within a 5-mile radius and an average household income exceeding $234,000 annually. The property is offered fee simple at an asking price of $4,980,000. This is a rare chance to acquire a highly desirable development site in a rapidly growing market.

    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
    San Mateo
    County
    San Mateo
    State
    California
    Longitude
    -122.303
    Latitude
    37.5412
    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
    $28,949
    $2,397,640
    $6,003
    $2,403,643
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      San Mateo, CA 94403

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      San Mateo, CA 94403
      View Details
    • Value Estimation by Request
      5.68 Acres

      1949 Pacific Blvd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      1949 Pacific Blvd, San Mateo, CA 94403-1430
      View Details
    • Value Estimation by Request
      0.56 Acres

      31 27th Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      31 27th Ave, San Mateo, CA 94403-2414
      View Details
    • Value Estimation by Request
      0.47 Acres

      205 Hillsdale Blvd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      205 Hillsdale Blvd, San Mateo, CA 94403-4217
      View Details
    • Value Estimation
      $1,795,000
      9,698 SF

      1436 3rd Eva Ct

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      1436 3rd Eva Ct, San Mateo, CA 94403-2110
      View Details
    • Value Estimation by Request
      18.78 Acres

      222 39th Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      222 39th Ave, San Mateo, CA 94403-4364
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      San Mateo Industrial Property

      Industrial property available for sale in San Mateo, California.
      2163 Palm Ave, San Mateo, CA 94403
      View Details
    • $1,300,000
      2,032 SF

      San Mateo Industrial Building For Sale

      2,032 SF industrial building with recent improvements for sale.
      84 21St Ave, San Mateo, CA 94403
      View Details
    • Contact for pricing
      2,870 SF

      San Mateo Mixed-Use Investment

      Fully leased mixed-use building in high-traffic San Mateo location.
      22 25Th Ave, San Mateo, CA 94403
      View Details
    • $2,800,000
      3,850 SF

      San Mateo Flex/Industrial Space

      Flex/Industrial space available for rent in San Mateo, CA.
      101 East 25Th Ave, San Mateo, CA 94403
      View Details
    • $3,250,000
      6,911 SF

      San Mateo Flex Space Opportunity

      Flex space with office, shop, and potential living area.
      83 21St Ave, San Mateo, CA 94403
      View Details
    • $7,500,000
      1.25 Acres

      San Mateo Undeveloped Gem

      Rare San Mateo County property offered after 57 years.
      2075 S Norfolk St, San Mateo, CA 94403
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,000 SF

      Functional Peninsula Industrial Asset

      Mid-size industrial building in prime Peninsula location for lease.
      89 43Rd Ave, San Mateo, CA 94403
      View Details
    • Contact for pricing
      15,500 SF

      Class A Office/Laboratory Space

      Office and laboratory space with amenities and shuttle service.
      1900 Alameda De Las Pulgas, San Mateo, CA 94403
      View Details
    • Contact for pricing
      26,649 SF

      Class A Office Building

      Class A office building in San Mateo County for lease.
      1900 S Norfolk St, San Mateo, CA 94403
      View Details
    • $12,000 /Mo

      Renovated Office Space in San Mateo

      Move-in ready office space with modern upgrades and natural light.
      2575 Flores St, San Mateo, CA 94403
      View Details
    • $3 SF/Yr
      21,701 SF

      San Mateo Office Space Available

      Three-story office building with ample parking and easy highway access.
      3130 La Selva St, San Mateo, CA 94403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2820 El Camino Real
    San Mateo, CA 94403-2729
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2820 El Camino Real, San Mateo, CA, 94403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!