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    643 Main St Half Moon Bay, CA 94019
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    643 Main St, Half Moon Bay, CA 94019

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    • Retail space
    • 5,090 SF
    For Sale
    $2,400,000
    View Listing →
    Mixed-Use Property in Half Moon Bay For Sale
    $2,400,000
    3,960 SF

    Mixed-Use Property in Half Moon Bay

    Mediterranean-Tuscan style mixed-use property in the heart of Half Moon Bay.

    643 Main Street, Half Moon Bay, CA 94019
    View Listing
    Property ID
    US09-2101284
    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

    • Retail space

    Property Details for 643 Main St

    Year built
    1997
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    056-176-090

    Description

    This exceptional Half Moon Bay property at 643 Main Street offers a unique blend of residential and commercial opportunities. The three-story, 5,090 square foot building, constructed in 1997 and renovated in 2027, sits on a 6,000 square foot lot and boasts a Mediterranean Tuscan architectural style. The building features a 3-bedroom, 2.5-bathroom residence with upscale amenities, including a rooftop patio offering stunning views of the town and coastal mountains. The first floor comprises 3,960 square feet of commercial space, currently 100% occupied by four tenants under a modified lease with a remaining term of approximately one year, expiring November 20, 2025. The property generates a Net Operating Income (NOI) of $112,260, resulting in a 3.90% cap rate. The asking price is $2,875,000, translating to $564.83 per square foot. Four parking spaces are available. The property is zoned CD and features one building with five units. This prime location in Half Moon Bay, CA 94019, offers excellent visibility on Main Street, making it ideal for retail businesses. The property's proximity to parks and beaches adds to its appeal. This versatile property presents an attractive investment opportunity, potentially suitable for a 1031 exchange. Special terms and conditions apply. The APN is 056-176-090.

    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
    Half Moon Bay
    County
    San Mateo
    State
    California
    Longitude
    -122.4292503
    Latitude
    37.4617355

    Comparable in this City

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      Mixed-Use Property in Half Moon Bay

      Mediterranean-Tuscan style mixed-use property in the heart of Half Moon Bay.
      643 Main St, Half Moon Bay, CA 94019
      View Details
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    Similar Nearby for Sale

    • Contact for pricing
      3,960 SF

      Mixed-Use Property in Half Moon Bay

      Mediterranean-Tuscan style mixed-use property in the heart of Half Moon Bay.
      643 Main St, Half Moon Bay, CA 94019
      View Details
    • New
      $2,100,000
      0.30 Acres

      Coastal Highway Retail Building

      Versatile retail building with prominent Highway 1 frontage and ample on-site parking for businesses seeking coastal accessibility.
      3048 Cabrillo Hwy, Half Moon Bay, CA 94019
      View Details
    • $3,250,000
      7,200 SF

      Unique Flex Space Opportunity

      Flex space with ocean, harbor, and hillside views.
      199 Point Ave, Half Moon Bay, CA 94019
      View Details
    • $1,300,000
      3,834 SF

      Triplex with Attached Parking

      Two-level triplex with up to three on-site parking spaces per unit and separate utility meters.
      430 Pine Ave, Half Moon Bay, CA 94019
      View Details
    • Contact for pricing

      Oceanside Lot in West Miramar

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      121 Magellan Ave, Half Moon Bay, CA 94019
      View Details

    Similar Nearby for Lease

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      Grocery Anchored Retail Space

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      View Details
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      Winery and Event Venue

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      12341 San Mateo Rd, Half Moon Bay, CA 94019
      View Details
    View Listing
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    Half Moon Bay, CA 94019
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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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