You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $3,375,000
Manufacturing properties

2985 Fair Oaks Ave Redwood City, CA 94063-3827

9,410 SF 0.34 ac lot Built 1985
Individually Owned Absentee Owner ~ Est. High Equity
Property ID
US09-2400256
Property summary
AI-generated overview

This vacant, single-tenant industrial warehouse in Redwood City, CA (94063), offers 9,410 square feet of flexible space ideal for owner-occupiers. Located at 2985 Fair Oaks Ave, this property boasts approximately 20% office build-out and 80% warehouse space, perfect for a variety of uses. The building, constructed in 1980, features an 18-foot clear height, two 14x14 grade-level roll-up doors, and a bonus mezzanine area (not included in the gross building area). Power is provided by a 400-amp, 460-volt, 3-phase system. The property sits on a 15,000 square foot lot and is zoned for Industrial Mixed-Use, as designated in the North Fair Oaks Community Plan. Its convenient location offers easy access to Highway 101 and Woodside Road, providing excellent transportation links. The asking price for this exceptional owner-user opportunity is $3,887,000. The Assessor's Parcel Number (APN) is 060-011-120. This is a rare chance to acquire a well-situated industrial property in a thriving San Mateo County location.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1985
Total area 9,410 SF
Lot 0.34 ac (15,000 SF)
Zoning code ML00M1
APN 060-011-120
UPID US09-2400256
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
  • Newtype (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.37M
Blend (final) Blend
$3.38M
Owner & transaction history
Charlene Locke
Charlene Locke
since 2025
Last sale
$3.9M
6 recorded transactions
2025
$3.9M
2017
$2.9M
2003
Price N/A
1993
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ML00M1 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $5.1M +68.0%
Commercial (general) $4.4M +43.9%
Auto repair, garage $4.3M +41.4%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2985 Fair Oaks Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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