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207 Harvard Ave 4,800 SF 71% Leased Industrial Building Half Moon Bay, CA 94019 $1,699,000 ($353.96/SF) 3.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Diverse set of stable tenants.
- Separately metered units with mezzanine spaces, bathrooms, and fire sprinkler system.
- Upside potential in rental income.
- Prime location near many different local businesses.
- Perfect owner user or investment opportunity.
EXECUTIVE SUMMARY
Multi-Unit Industrial Warehouse in Princeton-by-the-Sea. Discover this coastal industrial opportunity, a versatile 2,400 sqft warehouse/flex building situated on a 5,993 sqft lot in the heart of the Princeton-by-the-Sea. Zoned W (Waterfront District),this property supports a wide range of uses including storage/warehouse, light manufacturing, marine-related, and other compatible businesses. The building consists of four independent units, each separately metered and equipped with bathrooms, ~600 sqft mezzanines, and abundant natural light through skylights in every unit. Two units include full bathrooms. Features include 10ft wide/10ft tall roll-up doors, a fully operational fire sprinkler system, and off-street parking. The property includes a side yard space, ideal for additional storage, parking, or outdoor workspace. Enjoy an unbeatable location just off Hwy 1, within walking distance of Pillar Point Harbor, surfing, beaches, artisan eateries, the Harbor Village and other businesses. Just a short drive to San Francisco, Silicon Valley, and SFO making it ideal for both local businesses and investors. Whether you are seeking a coastal owner-user opportunity, investment with multi-tenant income, or a flexible creative space, this offers the versatility and coastal appeal.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$77,400
|
$18.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$77,400
|
$18.86
|
| Taxes |
$19,633
|
$4.78
|
| Operating Expenses |
$6,200
|
$1.51
|
| Total Expenses |
$25,833
|
$6.29
|
| Net Operating Income |
$51,567
|
$12.57
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $77,400 |
| Annual Per SF | $18.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $77,400 |
| Annual Per SF | $18.86 |
| Taxes | |
|---|---|
| Annual | $19,633 |
| Annual Per SF | $4.78 |
| Operating Expenses | |
|---|---|
| Annual | $6,200 |
| Annual Per SF | $1.51 |
| Total Expenses | |
|---|---|
| Annual | $25,833 |
| Annual Per SF | $6.29 |
| Net Operating Income | |
|---|---|
| Annual | $51,567 |
| Annual Per SF | $12.57 |
PROPERTY FACTS
| Price | $1,699,000 | Lot Size | 0.14 AC |
| Price Per SF | $353.96 | Rentable Building Area | 4,800 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 3.04% | Year Built | 1980 |
| Property Type | Industrial | Parking Ratio | 1.04/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 10’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Zoning | M1M1, County - W/AO/DR/CD- Waterfront District, Airport Overlay, Design Review, Coastal Development | ||
| Price | $1,699,000 |
| Price Per SF | $353.96 |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.04% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.14 AC |
| Rentable Building Area | 4,800 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.04/1,000 SF |
| Clear Ceiling Height | 10’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | M1M1, County - W/AO/DR/CD- Waterfront District, Airport Overlay, Design Review, Coastal Development |
AMENITIES
- Fenced Lot
- Front Loading
- Fluorescent Lighting
UTILITIES
- Lighting - Fluorescent
- Water - Well
- Sewer - City
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PROPERTY TAXES
| Parcel Number | 047-035-380 | Total Assessment | $608,547 (2025) |
| Land Assessment | $448,405 (2025) | Annual Taxes | $19,633 ($4.09/SF) |
| Improvements Assessment | $160,142 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
047-035-380
Land Assessment
$448,405 (2025)
Improvements Assessment
$160,142 (2025)
Total Assessment
$608,547 (2025)
Annual Taxes
$19,633 ($4.09/SF)
Tax Year
2024
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207 Harvard Ave
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