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201-203 S Delaware St 5,075 SF 100% Leased Retail Building San Mateo, CA 94401 $3,288,000 ($647.88/SF) 5.26% Cap Rate
Investment Highlights
- Fee simple ownership opportunity at 201-203 S Delaware Street, San Mateo, CA
- Convenient access to Hillsdale Shopping Center, schools, parks, and major commuter routes
- Affluent trade area featuring a median household income of $155,071 and average household income of $178,842
- Prime San Mateo location near downtown amenities and retail destinations
- Ideal for both owner-users and investors
- Call listing brokers for more information
Executive Summary
201-203 S Delaware Street presents a rare fee simple owner-user and investment opportunity in the heart of San Mateo, one of the Peninsula’s most desirable markets. The property consists of approximately 5,075 rentable square feet situated on a 0.13-acre parcel and offers flexibility for both investors and business operators. Offered at $3,288,000, the asset is currently generating an annual NOI of approximately $172,804. Its central location provides convenient access to downtown San Mateo, major transportation corridors, Hillsdale Shopping Center, and numerous neighborhood amenities. The surrounding area benefits from strong demographics, including a median household income of $155,071 and an average household income of $178,842 within a five-mile radius. This is an opportunity to acquire a well-located mixed-use asset in a high-demand market with long-term appreciation and income potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,075 SF
Building Class
C
Year Built
1940
Price
$3,288,000
Price Per SF
$647.88
Cap Rate
5.26%
NOI
$172,804
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.13 AC
Zoning
CHC3, San Francisco
Frontage
Amenities
- Security System
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 034-187-090 | Improvements Assessment | $226,015 |
| Land Assessment | $979,445 | Total Assessment | $1,205,460 |
Property Taxes
Parcel Number
034-187-090
Land Assessment
$979,445
Improvements Assessment
$226,015
Total Assessment
$1,205,460
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201-203 S Delaware St
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