72 3rd Ave San Mateo, CA 94401-4007
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CB000D · San Mateo, CASan Mateo. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.