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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    593 Woodside Rd Redwood City, CA 94061-3820

    • Super regional malls
    • 6,150 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $2,130,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0553064
    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.

    Current Use by Public Records

    • Diner Japonica / Takeout Restaurant / Japanese Restaurant
    • Karakade Thai Cuisine / Thai Restaurant
    • Dunkin' / Takeout Restaurant / Coffee Shop
    • Joseph Shoe Services & Accessories / Shoe Repair Shop
    • A Plus Pet Grooming / Dog Trainer / Pet Groomer

    Property Details for 593 Woodside Rd

    Year built
    1960
    Lot size
    0.33 lot acres
    Property size
    6,150 SF
    Zone code
    CH00CP
    Property type
    Super regional malls
    APN
    059-092-280
    APU
    59092280

    Description

    This 700-square-foot single-tenant office space is located at 593 Woodside Road, Suite D, in Redwood City, California. Built in 1960, the property offers a desirable location with high visibility and foot traffic on a busy thoroughfare. Ideal for a variety of office or retail uses, the space includes a private bathroom and a dedicated, upfront office area. Its prime location on Woodside Road provides excellent access to the vibrant downtown Redwood City area, as well as major transportation arteries including El Camino Real and Highways 101 and 280. The property's traditional office subtype makes it suitable for businesses seeking a well-established and functional workspace. The single-tenant occupancy ensures privacy and control over the entire space. This presents a unique opportunity for a business seeking a convenient and well-situated office in a thriving Redwood City location. The property's size and amenities make it an attractive option for a variety of businesses looking to establish a presence in this dynamic area. The high foot traffic on Woodside Road offers excellent potential for retail businesses, while the proximity to major transportation routes ensures easy access for employees and clients. The private bathroom adds to the convenience and functionality of the space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,200,000
      6.5%
      $2,030,000
      7%
      $1,885,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,320,000
      Current use
      COMMERCIAL (GENERAL)
      $2,840,000
      Change: -14% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,795,000
      Change: -16% Conversion: Difficult
      RETAIL STORES
      $2,660,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Redwood City
    County
    San Mateo
    State
    California
    Longitude
    -122.223
    Latitude
    37.4693
    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
    $38,601
    $2,785,086
    $700,780
    $3,485,866
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,920,000
      8,976 SF

      2107 Roosevelt Ave

      REGIONAL SHOPPING CENTER, MALL • 8,976 SF
      2107 Roosevelt Ave, Redwood City, CA 94061-1351
      View Details
    • Value Estimation by Request
      0.32 Acres

      Redwood City, CA 94061

      REGIONAL SHOPPING CENTER, MALL • 0.32 Acres
      Redwood City, CA 94061
      View Details
    • Value Estimation by Request
      2.23 Acres

      50 Woodside Plz

      REGIONAL SHOPPING CENTER, MALL • 2.23 Acres
      50 Woodside Plz, Redwood City, CA 94061-2500
      View Details
    • Value Estimation
      $7,235,000
      33,916 SF

      150 Woodside Plz

      REGIONAL SHOPPING CENTER, MALL • 33,916 SF
      150 Woodside Plz, Redwood City, CA 94061-2553
      View Details
    • Value Estimation
      $10,540,000
      50,271 SF

      2531 El Camino Real

      REGIONAL SHOPPING CENTER, MALL • 50,271 SF
      2531 El Camino Real, Redwood City, CA 94061-3812
      View Details
    • Value Estimation
      $8,135,000
      18,191 SF

      520 Woodside Rd

      REGIONAL SHOPPING CENTER, MALL • 18,191 SF
      520 Woodside Rd, Redwood City, CA 94061-3821
      View Details

    Similar Nearby for Sale

    • $1,499,995

      Redwood City Specialty Property

      Specialty property available for sale in Redwood City, CA.
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      Pending

      Redwood City Income Property

      Two spacious units in Redwood City's Palm Park neighborhood.
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      Redwood City Multifamily Investment

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      1035 Adams St, Redwood City, CA 94061
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    • $12,000,000

      Redwood City Mixed-Use Development Land

      32,583 SF land parcel zoned for mixed-use development.
      332 Woodside Rd, Redwood City, CA 94061
      View Details
    • New
      $600,000
      3,500 SF

      Redwood City Child Care Facility

      Existing child care facility with capacity for 57 children.
      1835 Valota Rd, Redwood City, CA 94061
      View Details

    Similar Nearby for Lease

    • $54 SF/Yr
      5,489 SF

      Renovated Office Space For Rent

      Newly renovated office space with highway access and ample parking.
      2055-2075 Woodside Rd, Redwood City, CA 94061
      View Details
    • Contact for pricing
      650 SF

      Redwood City Medical Office Space

      Medical office building with childcare permit available for lease.
      51 Renato Ct, Redwood City, CA 94061
      View Details
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    593 Woodside Rd
    Redwood City, CA 94061-3820
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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.

    More about this property
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