Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    985 Industrial Rd San Carlos, CA 94070

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    985 Industrial Rd San Carlos, CA 94070

    View on Map
    • Manufacturing properties
    • 29,844 SF
    • 1.55 lot acres
    For Lease
    $45 SF/Yr
    View Listing →
    San Carlos Office/R&D Space For Lease
    $45 SF/Yr
    2,494 SF

    San Carlos Office/R&D Space

    Ground floor office/R&D space with expansion potential.

    985 Industrial Rd, San Carlos, CA
    View Listing
    Property ID
    US09-2896013
    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
    $615,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SafewayFX / Loan Service / Financial Advisor
    • ABA Garage Doors / General Contractor
    • Presto / (Bike/Boat/Book/etc) Store / Corporate Office
    • InsideSource / Furniture & Home Goods
    • TierData, Inc. / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 985 Industrial Rd

    Year built
    2006
    Lot size
    1.55 lot acres
    Property size
    29,844 SF
    Property type
    Manufacturing properties
    APN
    046-151-050
    APU
    46151050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $585,000
      Market price range: $417k - $792k

    • Alternative Use

      Use
      Estimation
      FOOD PACKING, PACKING PLANT (FRUIT, VEGETABLE, MEAT, DAIRY)
      $565,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Carlos
    County
    San Mateo
    State
    California
    Longitude
    -122.247
    Latitude
    37.5052
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $181,030
    $4,756,125
    $10,832,134
    $15,588,259
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.91 Acres

      956 Bransten Rd

      MANUFACTURING (LIGHT) • 0.91 Acres
      956 Bransten Rd, San Carlos, CA 94070-4029
      View Details
    • Value Estimation by Request
      2.24 Acres

      1030 Brittan Ave

      FOOD PACKING, PACKING PLANT • 2.24 Acres
      1030 Brittan Ave, San Carlos, CA 94070
      View Details
    • Value Estimation
      $2,025,000
      30,073 SF

      926 Bransten Rd

      MANUFACTURING (LIGHT) • 30,073 SF
      926 Bransten Rd, San Carlos, CA 94070-4029
      View Details
    • Value Estimation
      $3,235,000
      9,600 SF

      1661 Industrial Rd

      MANUFACTURING (LIGHT) • 9,600 SF
      1661 Industrial Rd, San Carlos, CA 94070-4112
      View Details
    • Value Estimation
      $800,000
      168,568 SF

      201 Industrial Rd

      CANNERY • 168,568 SF
      201 Industrial Rd, San Carlos, CA 94070-2396
      View Details
    • Value Estimation
      $19,995,000
      217,482 SF

      960 Industrial Rd

      MANUFACTURING (LIGHT) • 217,482 SF
      960 Industrial Rd, San Carlos, CA 94070-4116
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,221 SF

      San Carlos Flex Space Available

      15,221 SF flex space with exterior and interior work underway.
      1320 Bayport Ave, San Carlos, CA 94070
      View Details
    • $2,030,000
      4,060 SF

      Office & Warehouse Space Available

      4,060 SF flex space with office and warehouse components.
      1100 Industrial Rd, San Carlos, CA 94070
      View Details
    • $3,536,250
      6,150 SF

      San Carlos Industrial Building For Sale

      6,150 SF building on two parcels near shopping.
      1380 Industrial Rd, San Carlos, CA 94070
      View Details
    • $2,700,000
      6,496 SF

      San Carlos Office Building

      6,496 SF office building for sale in San Carlos.
      1724 Laurel St, San Carlos, CA 94070
      View Details
    • $1,995,000
      2,030 SF

      Commercial Property on El Camino

      Commercial property for sale with high visibility location.
      1124 El Camino Real, San Carlos, CA 94070
      View Details
    • $975,000

      Commercial Building on El Camino Real

      Two-unit commercial building near downtown San Carlos with parking.
      630-632 El Camino Real, San Carlos, CA 94070
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      San Carlos Biotech/Lab Space

      13,500 RSF biotech/lab/pharma/GMP manufacturing space available Spring 2026.
      San Carols, San Carlos, CA 94070
      View Details
    • Contact for pricing
      49,796 SF

      San Carlos Flex Space Available

      49,796 SF flex space available for lease.
      835 Industrial Rd, San Carlos, CA 94070
      View Details
    • Contact for pricing
      8,605 SF

      San Carlos Warehouse with Office

      8,605 SF warehouse with office space available for rent.
      151 Old County Rd, San Carlos, CA 94070
      View Details
    • Contact for pricing

      R&D/Flex Space For Lease

      R&D/Flex space located near Caltrain Station and Laurel Street.
      San Carlos, CA 94070
      View Details
    • $2 SF/Yr
      15,600 SF

      Industrial Building with Showroom

      Freestanding industrial building with showroom and Industrial Road frontage.
      191 Industrial Rd, San Carlos, CA 94070
      View Details
    • Contact for pricing
      36,000 SF

      San Carlos Flex/Industrial Space

      Flex/industrial space available for lease in San Carlos, CA.
      888 Bransten Rd, San Carlos, CA 94070
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    985 Industrial Rd
    San Carlos, CA 94070
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    985 Industrial Rd, San Carlos, CA, 94070

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!