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Property profile & analytics
FOR LEASE
Warehouses

66 21St Ave San Mateo, CA 94403

11,000 SF 0.32 ac lot Built 1954
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-0563052
Property summary
AI-generated overview

This exceptional 200-square-foot commercial kitchen space, located at 66 21st Ave in San Mateo, California (zip code 94403), presents a fantastic opportunity for food entrepreneurs. Classified as a Class B property within San Mateo County, this retail/restaurant space is currently entirely vacant and ready for immediate occupancy. The kitchen is ideally suited for multiple tenants, offering a turnkey solution for various food businesses. Its compact size makes it perfect for startups, personal chefs, catering companies, food trucks, single-location operators, or national chains seeking expansion. The location in San Mateo provides access to a thriving delivery market, allowing businesses to capitalize on the increasing demand for takeout and delivery services. This property offers a cost-effective way to establish or expand a food-related business with minimal upfront investment and operational overhead. The address is conveniently situated within San Mateo County, offering easy access to major transportation routes and a strong customer base. This is a rare opportunity to secure a fully equipped commercial kitchen in a prime location, allowing for immediate commencement of operations. The space is perfect for those seeking to minimize risk and maximize return on investment.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1954
Total area 11,000 SF
Lot 0.32 ac (13,993 SF)
Zoning code C40001
APN 039-073-440
UPID US09-0563052
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
  • Two Spoons Creamery Grocery & Convenience Store Specialty Food Shop
  • The Counter Burger Restaurant
  • HOM Korean Kitchen Restaurant
  • Big Daddy's Hawaiian BBQ (San Mateo) Restaurant
  • yumkimbap Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.83M
CAP Approach CAP
$2.96M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.80M
Owner & transaction history
66 21st Avenue Sma LLC · 5 yrs held
66 21st Avenue Sma LLC
since 2020
Last sale
$3.8M
7 recorded transactions
2021
Price N/A
2020
$3.8M
2006
Price N/A
2001
Price N/A
2001
$650,000
2001
Price N/A
1969
Price N/A
Zoning & alternative use
C40001 · San Mateo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $5.9M +41.0%
Retail stores $5.3M +26.7%
Commercial (general) $5.1M +20.8%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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