2985 Fair Oaks AveRedwood City, CA 94063

Property Details for 2985 Fair Oaks Ave

Year built

1985

Lot size

0.34 AC

Property size (Sq ft)

9,410 SF

Zone code

ML00M1

Property type

Manufacturing properties

APN

060-011-120

APU

60011120

Description

This vacant, single-tenant industrial warehouse in Redwood City, CA (94063), offers 9,410 square feet of flexible space ideal for owner-occupiers. Located at 2985 Fair Oaks Ave, this property boasts approximately 20% office build-out and 80% warehouse space, perfect for a variety of uses. The building, constructed in 1980, features an 18-foot clear height, two 14x14 grade-level roll-up doors, and a bonus mezzanine area (not included in the gross building area). Power is provided by a 400-amp, 460-volt, 3-phase system. The property sits on a 15,000 square foot lot and is zoned for Industrial Mixed-Use, as designated in the North Fair Oaks Community Plan. Its convenient location offers easy access to Highway 101 and Woodside Road, providing excellent transportation links. The asking price for this exceptional owner-user opportunity is $3,887,000. The Assessor's Parcel Number (APN) is 060-011-120. This is a rare chance to acquire a well-situated industrial property in a thriving San Mateo County location.

• CAP approach

  CAP return

  Valuation

  6%

  $12,769,600

  6.5%

  $11,787,300

  7%

  $10,945,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,697,860

  Geo Method

  $4,199,270

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $5,661,410

  Mixed-Use / Specialty

  $5,339,380

  Hospitality / Lodging

  $3,524,340

  Office

  $4,993,270

  Institutional / Educational

  $5,442,930

  Residential Income

  $6,368,220

  Multifamily

  $9,311,080

  Automotive / Energy

  $4,665,370

  Parking / Income-Based Land

  $1,908,180

  Restaurant / Food Service

  $2,132,860

  Healthcare / Senior Housing

  $5,784,980

Location Insight

City

Redwood City

County

San Mateo

State

California

Latitude

37.4795

Longitude

-122.204

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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