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1021 S El Camino Real 6,938 SF 100% Leased Office Building San Mateo, CA 94402 $4,880,000 ($703.37/SF)
EXECUTIVE SUMMARY
Exceptional investment opportunity in San Mateo featuring a spacious 0.52-acre lot with ample on-site parking and outstanding potential for redevelopment. 1021 S El Camino Real is a highly visible, multi-tenant commercial property positioned on a prime corner along one of San Mateo’s main commercial corridors. The property offers 32 open parking spaces and includes two separate buildings: Building A, a 6,172 SF two-story structure with an upper-level tenant in place and a vacant ground floor ideal for office, medical, educational, or service-oriented uses; and Building B, a 1,600 SF freestanding building leased to a long-term commercial tenant, allowing the property to generate stable income. This rare offering combines strong street frontage, flexible use potential, and an unbeatable central location just minutes from Downtown San Mateo, major transportation routes, retail amenities, and the area’s thriving business district. With its generous lot size, high visibility, and income-producing components, the property presents an exceptional opportunity for investors, owner-users, or developers seeking to capitalize on one of the Peninsula’s most desirable and dynamic commercial environments.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,938 SF
Building Class
B
Year Built
1980
Price
$4,880,000
Price Per SF
$703.37
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,377 SF
Building FAR
0.31
Lot Size
0.52 AC
Zoning
EA00E4
Parking
32 Spaces (4.61 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 034-283-210 | Improvements Assessment | $1,103,272 (2025) |
| Land Assessment | $3,616,292 (2025) | Total Assessment | $4,719,564 (2025) |
PROPERTY TAXES
Parcel Number
034-283-210
Land Assessment
$3,616,292 (2025)
Improvements Assessment
$1,103,272 (2025)
Total Assessment
$4,719,564 (2025)
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1021 S El Camino Real
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