637 Main St
5,727 SF 55% Leased Office Building Half Moon Bay, CA 94019 $2,995,000 ($522.96/SF) 2.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Sprinklered
- Storage
- Private Parking
- ADA Parking
EXECUTIVE SUMMARY
2 -Story Class C Office Space For Sale
Sprinklered
Storage
ADA Parking
Sprinklered
Storage
ADA Parking
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
5,727 SF
Building Class
C
Year Built
1940
Price
$2,995,000
Price Per SF
$522.96
Cap Rate
2.10%
NOI
$62,895
Percent Leased
55%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,176 SF
Building FAR
0.63
Lot Size
0.21 AC
Zoning
C-D Heritage - Commercial-Downtown Heritage District (C-D Heritage) which allows for ground floor retail and upper-level office/residential
Parking
6 Spaces (1.05 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Second floor office space Shared deck Two restrooms
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 2,570 SF | Office | Shell Space | Now |
2nd Floor
| Size |
| 2,570 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
1 of 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 056-176-100 | Improvements Assessment | $2,189,195 |
| Land Assessment | $1,158,982 | Total Assessment | $3,348,177 |
