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Property profile & analytics
OFF-MARKET Estimated value $665,000
Sports & entertainment properties

93 Bovet Rd San Mateo, CA 94402-3104

29,937 SF 0.49 ac lot Built 1999
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-1489385
Property summary
AI-generated overview

This exceptional 1,859-square-foot retail space is available for lease in a prime San Mateo location within a thriving 24-Hour Fitness gym. Situated in the Bay Area's San Mateo submarket, this single-tenant property presents a unique opportunity for businesses in the health, wellness, and fitness sectors. Ideal uses include, but are not limited to, martial arts studios, Brazilian Jiu-Jitsu academies, kickboxing or boxing gyms, self-defense training centers, physical therapy clinics, sports rehabilitation facilities, chiropractic practices, therapeutic massage businesses, grappling schools, and providers of drip therapy or weight loss advisory services. The space is also well-suited for businesses offering health diagnostic screening and testing, or selling sport, health, and wellness products, apparel, and accessories. Prospective tenants should note that food and beverage preparation on-site is prohibited, as are pole dancing classes and uses requiring significant construction or utility upgrades. Rent includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). This turnkey space offers immediate occupancy and significant potential for a complementary fitness-related business. The property's location within an established 24-Hour Fitness gym provides immediate access to a built-in customer base and a high-traffic environment. This is an exceptional opportunity to establish a thriving business in a desirable and convenient location.

Property profile
Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Year built 1999
Total area 29,937 SF
Lot 0.49 ac (21,497 SF)
Zoning code C20002
APN 039-011-470
UPID US09-1489385
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
  • 24 Hour Fitness Gym & Fitness Center
  • British Swim School at 24 Hour Fitness - San Mateo Super Sport Swimming Pool Hardware & Home Improvement
  • 靓健身窒 Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$685k
CAP Approach CAP
by Request
Comparable Approach Comparable
$643k
Blend (final) Blend
$665k
Owner & transaction history
Borel Square LLC · 7 yrs held
Borel Square LLC
since 2019
3 recorded transactions
2019
$31.5M
2013
Price N/A
2003
Price N/A
Zoning & alternative use
C20002 · San Mateo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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