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Property profile & analytics
OFF-MARKET Estimated value $1,380,000
Investment properties

72 3rd Ave San Mateo, CA 94401-4007

7,379 SF 0.14 ac lot Built 1936
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-1990092
Property summary
AI-generated overview

This exceptional 2,400 square foot office space is ideally situated on the second floor at 72 E 3rd Ave, in the heart of downtown San Mateo, CA 94401. The property offers a bright, open layout perfect for a variety of businesses, from small startups to established mid-sized companies. Features include a fully equipped kitchen, a dedicated conference room, and two well-maintained bathrooms. The space is easily adaptable to various needs, offering optional fully furnished spaces and the possibility of incorporating Framery privacy pods or booths to enhance individual workspaces. A comfortable lounge area provides additional flexibility, potentially convertible into extra work areas. Its central location provides easy access to a wealth of restaurants and the vibrant energy of downtown San Mateo. This full-service office space provides everything needed for business success, offering a seamless and convenient work environment. The gross lease is $8150, with an additional $1200 in NNN expenses. This is a single-tenant space, categorized as both Traditional and Creative Office.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1936
Total area 7,379 SF
Lot 0.14 ac (6,250 SF)
Zoning code CB000D
APN 034-143-090
UPID US09-1990092
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
  • Roboto Games Corporate Office
  • Enterprise Lab LLC (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.38M
Owner & transaction history
Intelligent Properties LLC · 4 yrs held
Intelligent Properties LLC
since 2021
7 recorded transactions
2022
Price N/A
2021
Price N/A
2021
Price N/A
1993
Price N/A
1988
$1.1M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CB000D · San Mateo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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