1 Baywood AveSan Mateo, CA 94402

Property Details for 1 Baywood Ave

Lot size

0.49 AC

Zone code

EA00E2

Property type

Office properties

Property subtype

Office buildings

APN

032-441-270

APU

32441270

Description

One Baywood Plaza offers a unique leasing opportunity in the heart of San Mateo, California. This 1,300 square foot space, located at 1 Baywood Ave, 94402, is situated in a prime downtown location directly across from Mills Hospital. The building, a Class C property constructed in 1960, boasts a total of 10,958 square feet. This single-tenant space is ideal for either executive office or medical office use, presenting a rare chance to lease a space that has been unavailable for seventeen years. The property is located in San Mateo County. The landlord is offering an attractive incentive: two months of free rent. Note that tenant build-out costs are the responsibility of the lessee. This exceptional location provides unparalleled access to local amenities and a strong patient/client base for medical practices. Don't miss this chance to secure a highly desirable space in a thriving San Mateo business district.

• CAP approach

  CAP return

  Valuation

  6%

  $14,985,828

  6.5%

  $13,833,072

  7%

  $12,844,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,631,117

  Geo Method

  $5,914,008

• Alternative Use

  Use

  Valuation

  Residential

  $17,153,010

  Hospitality

  $15,712,064

  Educational

  $13,072,253

  Medical

  $13,521,828

  Retail

  $20,334,616

Location Insight

City

San Mateo

County

San Mateo

State

California

Latitude

37.565

Longitude

-122.328

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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