2127 Middlefield RdRedwood City, CA 94063

Property Details for 2127 Middlefield Rd

Year built

1981

Lot size

0.10 AC

Property size (Sq ft)

2,430 SF

Zone code

IR0000

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

053-363-150

APU

53363150

Description

Exceptional owner-user opportunity in Redwood City, CA. This 2,290 square foot Class C warehouse, built in 1981, is ideally located across from Costco, offering excellent visibility and accessibility. The property features 18+ foot ceilings, three roll-up doors, two large offices, and three bathrooms. A fenced area provides parking for 4-6 vehicles. The building boasts a spray booth and has permitted uses beyond automotive, making it versatile for various businesses. Currently, a tenant occupies part of the space on a month-to-month lease, with rent recently increased by $100 per month after approximately seven years of occupancy. The owner, a retired licensed contractor, originally constructed the building for his own use as a custom cabinet shop. The asking price is $1,995,000, representing a 5.00% cap rate and $871.18 per square foot. The property is offered net lease and is single-tenant occupied. A portion of the warehouse space is currently owner-occupied and could generate additional income through rental. Showings are by appointment only.

• Alternative Use

  Use

  Valuation

  Residential

  $1,410,801

  Hospitality

  $1,292,286

  Educational

  $1,075,167

  Medical

  $1,112,144

  Retail

  $1,672,482

Location Insight

City

Redwood City

County

San Mateo

State

California

Latitude

37.4808

Longitude

-122.218

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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