3 Serramonte CtrDaly City, CA 94015

Property Details for 3 Serramonte Ctr

Lot size

2.09 AC

Zone code

CH00C2

Property type

Retail properties

Property subtype

Super regional malls

APN

091-240-280

APU

91240280

Description

Serramonte Center presents a prime retail opportunity in Daly City, California. This highly trafficked shopping center boasts a total of 1,072,213 square feet and enjoys a strategic location at the intersection of I-280 and Highway 1, on the south end of San Francisco. The property currently offers five available spaces, ranging from a minimum of 758 square feet to a maximum contiguous space of 7,102 square feet. A total of 17,380 square feet is currently vacant, providing flexibility for various business needs. With an impressive annual visitor count of 16,365,158, Serramonte Center guarantees significant exposure for your business. The center is categorized as a strip center, suitable for restaurants and salons, among other retail uses. This multi-tenant property in San Mateo County offers a unique chance to establish or expand your business within a thriving commercial environment. The available spaces provide a range of sizes to accommodate diverse business requirements. The high foot traffic and convenient location make this an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $41,031,264

  6.5%

  $37,875,012

  7%

  $35,169,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $50,012,140

  Geo Method

  $63,875,300

• Alternative Use

  Use

  Valuation

  Residential

  $31,948,990

  Hospitality

  $29,265,104

  Educational

  $24,348,222

  Medical

  $25,185,596

  Retail

  $37,875,012

Location Insight

City

Daly City

County

San Mateo

State

California

Latitude

37.672

Longitude

-122.471

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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