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    303 Twin Dolphin Dr, Unit 600 Redwood City, CA 94065
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    Property profile & analytics

    303 Twin Dolphin Dr, Unit 600 Redwood City, CA 94065

    View on Map
    • Office buildings
    • 165,569 SF
    • 6.98 lot acres
    For Lease
    $32,920,000
    View Listing →
    Redwood City Office Space For Lease
    $32,920,000

    Redwood City Office Space

    Furnished office space in Redwood City with waterfront views.

    303 Twin Dolphin Drive Suite 600, Redwood City, CA 94065
    View Listing
    Property ID
    US09-3265307
    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

    • Connectist / (Bike/Boat/Book/etc) Store / Corporate Office
    • Ensenta / (Bike/Boat/Book/etc) Store / Corporate Office
    • Pacer Health Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
    • App Orchid Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • Viaplay Corporation / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 303 Twin Dolphin Dr

    Year built
    1991
    Lot size
    6.98 lot acres
    Property size
    165,569 SF
    Property type
    Office buildings
    APN
    095-233-200
    APU
    95233200

    Description

    This Class A, 24,882 square foot office building at 303 Twin Dolphin Drive, Suite 600, Redwood City, CA 94065, offers a variety of executive office, coworking, and creative office spaces. Located in San Mateo County, this property boasts 350 suites, with 5,970 square feet currently vacant. The building underwent renovations in 2019 and features elevators. Units range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. Enjoy a prime waterfront location with easy access to both San Francisco and Silicon Valley via the freeway. The building offers various tenancy options, including private, fully furnished and equipped offices, customizable spaces, disaster recovery options, and day offices. Amenities include a terrace with city views and proximity to local coffee shops and restaurants. This exceptional location provides a professional and inspiring work environment in a thriving community. The building is ideally suited for businesses seeking flexible and high-quality office space in a desirable Redwood City setting.

    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
    Redwood City
    County
    San Mateo
    State
    California
    Longitude
    -122.259
    Latitude
    37.5233
    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
    $587,000
    $11,704,727
    $38,918,552
    $50,623,279
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $590,000
      12.14 Acres

      1012 Twin Dolphin Dr

      OFFICE BUILDING (MULTI-STORY) • 12.14 Acres
      1012 Twin Dolphin Dr, Redwood City, CA 94065-1133
      View Details
    • Value Estimation
      $37,485,000
      145,152 SF

      1400 Brg Pkwy

      OFFICE BUILDING (MULTI-STORY) • 145,152 SF
      1400 Brg Pkwy, Redwood City, CA 94065-6129
      View Details
    • Value Estimation
      $915,000
      1,777 SF

      220 Twin Dolphin Dr, Unit B2

      OFFICE BUILDING • 1,777 SF
      220 Twin Dolphin Dr, Redwood City, CA 94065-1487
      View Details
    • Value Estimation by Request
      187,781 SF

      203 Redwood Shrs Pkwy

      OFFICE BUILDING (MULTI-STORY) • 187,781 SF
      203 Redwood Shrs Pkwy, Redwood City, CA 94065-1198
      View Details
    • Value Estimation
      $1,070,000
      2,124 SF

      250 Twin Dolphin Dr, Unit F3

      OFFICE BUILDING • 2,124 SF
      250 Twin Dolphin Dr, Redwood City, CA 94065-1460
      View Details
    • Value Estimation
      $915,000
      1,774 SF

      250 Twin Dolphin Dr, Unit F2

      OFFICE BUILDING • 1,774 SF
      250 Twin Dolphin Dr, Redwood City, CA 94065-1460
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building

      Redwood City office building featuring 234,000 RSF and 703 parking spaces.
      200 Twin Dolphin Dr, Redwood City, CA 94065
      View Details
    • Contact for pricing
      3,115 SF

      Class A Office Space Available

      Premier office space with water views and convenient location.
      100 Marine Pkwy, Redwood City, CA 94065
      View Details
    • Contact for pricing
      7,008 SF

      Class A Office Space Available

      Premier office space with water views and convenient amenities.
      1 Twin Dolphin Dr, Redwood City, CA 94065
      View Details
    • $5 SF/Yr
      3,269 SF

      Redwood Shores Office Space

      Office space for rent in Redwood Shores with water views.
      1 Lagoon Dr, Redwood City, CA 94065
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office building with park views and modern amenities.
      333 Twin Dolphin Dr, Redwood City, CA 94065
      View Details
    • Contact for pricing
      12,766 SF

      Redwood City R&D Space Available

      R&D space available in Redwood City, California.
      3000 Bridge Pkwy, Redwood City, CA 94065
      View Details
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    Redwood City, CA 94065
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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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    303 Twin Dolphin Dr, Redwood City, CA, 94065
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