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School, Live/Work, Office, Medical Sale/Lease 422-426 Peninsula Ave 3,456 SF Vacant Office Building San Mateo, CA 94401 $2,200,000 ($636.57/SF) 7.16% Cap Rate
Investment Highlights
- Zoned for schools, church, faith-based, gym, lab, office, medical office, live/work, or multi-family development.
- High average household income and population density. High visibility signage, 22,000 average cars per day.
- Easy access to highway 101, SFO airport, SF, Silicon Valley, and downtown Burlingame and San Mateo. 1/2 walk to Burlingame Ave Caltrain.
- Reception, 9 Private Offices, 1 Large Conference Room, 3 x 2 Restrooms, Break Room, Outdoor Patio
Executive Summary
3,456 sf. (updating) For Lease or Sale.
• Reception, 9 Private Offices, 1 Large Conference Room, 3 x 2 Restrooms, Break Room, Outdoor Patio
• 1/2 mile, Walking Distance to Burlingame Caltrain.
Zoning Summary:
Administrative, executive, and professional offices, provided that the professional offices are limited to those professions listed in Section 5.24.160: accountant, appraiser, architect, assayer, attorney, auditor, bacteriologist, certified public accountant, chemist or laboratory specialist or operator, chiropodist, chiropractor, civil engineer, dental laboratory specialist or operator, dentist, electrical engineer, geologist, hydraulic engineer, medical laboratory specialist or operator, oculist, optician, optometrist, osteopath, physician, structural engineer, surgeon, surveyor, and veterinarian (check for kennel).
Retail of goods and services, Restaurants, Health and recreation, Schools and day care, Financial and business offices, Research laboratories (experimental and testing). Warehousing, storage, and distribution.
Residential, R3 multi-family.
Special Uses: clubs, hotels, religious, kennel, community center, public and private schools.
https://law.cityofsanmateo.org/us/ca/cities/san-mateo/code/27.48
• renovations:
o 10/2020: skylight
o 12/2026: exterior windows replaced with double-pane
o 10/2016: water heater replaced
o 5/2015: replace and re-sealed air ducts
o 8/2011: playground surface and fence
2010: all heaters and air conditioner condensers replaced, walls modified, all bathrooms updated, carpets replaced, kitchen flooring replaced, painting, etc...
• Reception, 9 Private Offices, 1 Large Conference Room, 3 x 2 Restrooms, Break Room, Outdoor Patio
• 1/2 mile, Walking Distance to Burlingame Caltrain.
Zoning Summary:
Administrative, executive, and professional offices, provided that the professional offices are limited to those professions listed in Section 5.24.160: accountant, appraiser, architect, assayer, attorney, auditor, bacteriologist, certified public accountant, chemist or laboratory specialist or operator, chiropodist, chiropractor, civil engineer, dental laboratory specialist or operator, dentist, electrical engineer, geologist, hydraulic engineer, medical laboratory specialist or operator, oculist, optician, optometrist, osteopath, physician, structural engineer, surgeon, surveyor, and veterinarian (check for kennel).
Retail of goods and services, Restaurants, Health and recreation, Schools and day care, Financial and business offices, Research laboratories (experimental and testing). Warehousing, storage, and distribution.
Residential, R3 multi-family.
Special Uses: clubs, hotels, religious, kennel, community center, public and private schools.
https://law.cityofsanmateo.org/us/ca/cities/san-mateo/code/27.48
• renovations:
o 10/2020: skylight
o 12/2026: exterior windows replaced with double-pane
o 10/2016: water heater replaced
o 5/2015: replace and re-sealed air ducts
o 8/2011: playground surface and fence
2010: all heaters and air conditioner condensers replaced, walls modified, all bathrooms updated, carpets replaced, kitchen flooring replaced, painting, etc...
Financial Summary (Pro Forma - 2025) 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
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) 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 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,456 SF
Building Class
B
Year Built/Renovated
1954/2020
Price
$2,200,000
Price Per SF
$636.57
Cap Rate
7.16%
NOI
$157,594
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,456 SF
Building FAR
0.60
Lot Size
0.13 AC
Zoning
EA-E2-E1, San Mateo - https://law.cityofsanmateo.org/us/ca/cities/san-mateo/code/27.48. Mixed Use Zoning including multi-family residential and Live/Work. Please call city.
Parking
5 Spaces (1.45 Spaces per 1,000 SF Leased)
Amenities
- Day Care
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
3 suites that add up to 3,456 sf. Let's talk about what you're looking for. • renovations: o 10/2020: skylight o 12/2026: exterior windows replaced with double-pane o 10/2016: water heater replaced o 5/2015: replace and re-sealed air ducts o 8/2011: playground surface and fence 2010: all heaters and air conditioner condensers replaced, walls modified, all bathrooms updated, carpets replaced, kitchen flooring replaced, painting, etc...
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 968-3,456 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 968-3,456 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 968-3,456 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
3 suites that add up to 3,456 sf. Let's talk about what you're looking for. • renovations: o 10/2020: skylight o 12/2026: exterior windows replaced with double-pane o 10/2016: water heater replaced o 5/2015: replace and re-sealed air ducts o 8/2011: playground surface and fence 2010: all heaters and air conditioner condensers replaced, walls modified, all bathrooms updated, carpets replaced, kitchen flooring replaced, painting, etc...
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 032-131-030 | Total Assessment | $1,133,831 |
| Land Assessment | $768,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $365,131 | Tax Year | 2025 |
Property Taxes
Parcel Number
032-131-030
Land Assessment
$768,700
Improvements Assessment
$365,131
Total Assessment
$1,133,831
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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School, Live/Work, Office, Medical Sale/Lease | 422-426 Peninsula Ave
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