1001 BroadwayMillbrae, CA 94030

Property Details for 1001 Broadway

Lot size

0.03 AC

Zone code

CL00C1

Property type

Office properties

Property subtype

Office buildings

APN

101-650-080

APU

101650080

Description

This exceptional 16,668 square foot Class B office building, located at 1001 Broadway in Millbrae, California (zip code 94030), presents a fantastic leasing opportunity. Built in 1982 and renovated in 1999, the property boasts a desirable three-story structure with five suites in total. Currently, 1,414 square feet of space is available for lease. The building features one elevator, ample parking with 20 spaces, and is zoned CL-C1, Millbrae (APN: 101-640-010). The available space is a second-floor corner unit offering abundant natural light, high ceilings, three private offices, and a sizable storage closet. Conveniently located in downtown Millbrae, the building offers easy access to elevators, a kitchenette, and restrooms. Its prime location provides walkability to restaurants, shops, BART, and Caltrain, as well as proximity to major commute routes. This multi-tenant building is ideal for a variety of office uses, including traditional, medical, and executive office settings. The property's modern amenities and strategic location make it an attractive option for businesses seeking a thriving and accessible workspace in the heart of Millbrae.

• CAP approach

  CAP return

  Valuation

  6%

  $970,361

  6.5%

  $895,718

  7%

  $831,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $688,385

  Geo Method

  $382,943

• Alternative Use

  Use

  Valuation

  Residential

  $1,110,690

  Hospitality

  $1,017,387

  Educational

  $846,454

  Medical

  $875,564

  Retail

  $1,316,706

Location Insight

City

Millbrae

County

San Mateo

State

California

Latitude

37.6053

Longitude

-122.398

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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