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411-417 Lathrop St
Redwood City, CA 94063
Industrial Property For Sale
Investment Highlights
- Excellent visibility and access along a high-traffic corridor with 38,270 vehicles per day.
- Walking distance to Redwood City Caltrain Station, providing regional transit connectivity.
- Recently completed Phase I ESA and roof reports, reducing near-term capital risk.
- Located within Redwood City’s El Camino Real Mixed-Use Corridor with flexible zoning for future redevelopment.
- Surrounded by major employers and corporate neighbors including Oracle, EA, and Facebook.
- Strong demographics with over 250,000 residents and high household incomes within five miles.
Executive Summary
This offering presents a rare investment opportunity in the heart of Redwood City, located at 411-417 Lathrop Street within the El Camino Real Mixed-Use Corridor. The property consists of seven units across approximately 7,650 square feet on a 0.24-acre parcel, zoned MUC-ECR, allowing for a variety of future redevelopment or repositioning options.
Positioned just steps from the Redwood City Caltrain Station, the site benefits from exceptional connectivity to the Peninsula and greater Bay Area. El Camino Real, a major regional thoroughfare, provides a traffic count of over 38,000 vehicles per day, ensuring strong visibility and accessibility. The surrounding area is home to a robust mix of retail, dining, and entertainment amenities, as well as major employers such as Oracle, Electronic Arts, and Facebook, creating a dynamic environment for both tenants and investors.
The property offers a projected net operating income of $219,070 and a cap rate of 6.26%, supported by a diverse tenant mix and recently completed Phase I ESA and roof reports. With a five-mile population exceeding 250,000 and an average household income of $179,322, this location is well-positioned for long-term growth and stability.
Positioned just steps from the Redwood City Caltrain Station, the site benefits from exceptional connectivity to the Peninsula and greater Bay Area. El Camino Real, a major regional thoroughfare, provides a traffic count of over 38,000 vehicles per day, ensuring strong visibility and accessibility. The surrounding area is home to a robust mix of retail, dining, and entertainment amenities, as well as major employers such as Oracle, Electronic Arts, and Facebook, creating a dynamic environment for both tenants and investors.
The property offers a projected net operating income of $219,070 and a cap rate of 6.26%, supported by a diverse tenant mix and recently completed Phase I ESA and roof reports. With a five-mile population exceeding 250,000 and an average household income of $179,322, this location is well-positioned for long-term growth and stability.
Property Facts
Property Taxes
| Parcel Number | 053-193-080 | Improvements Assessment | $394,046 |
| Land Assessment | $1,182,161 | Total Assessment | $1,576,207 |
Property Taxes
Parcel Number
053-193-080
Land Assessment
$1,182,161
Improvements Assessment
$394,046
Total Assessment
$1,576,207
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