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701-705 Laurel St
San Carlos, CA 94070 San Carlos

$7,000,000 USD

Storefront Retail Office For Sale  •  10,328 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 14,000 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1940
  • Cap Rate 3.47 %
  • Tenancy Multiple
  • Zoning MU-DC
60 Transit Score
60 Walk Score

Highlights

Prime Downtown Office/Retail Location
Significant Upside in Rents
Great Opportunity to Modernize and Add Value
San Carlos Undergoing Development Boom
Walking Distance to the Caltrain Station
Great Downtown, Restaurants, Shops and Amenities

Property Flyers

Financial Summary (Actual)

Net Operating Income: $243,076 USD (2026)
Cap Rate: 3.47 %
Total Expenses: $161,362 USD

Major Tenants

Tenant SF Occupied Lease End Date
Farmers Insurance
Ombudsmen 1/31/2026
Retail Therapy 9/30/2025

Amenities

  • Corner Lot

Public Transportation

Commuter RailDriveWalkDistance
1 min 4 min 0.2 mi
4 min - 1.5 mi
Transit/SubwayDriveWalkDistance
San Carlos (Caltrain - Caltrain (Caltrain)) 1 min 5 min 0.3 mi
AirportDriveWalkDistance
San Francisco International 18 min - 12.4 mi
Norman Y Mineta San Jose International 29 min - 21.9 mi
Metro Oakland International 37 min - 28.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Randy Kinghorn 650-773-7713 Kinghorn Commercial Properties
Randy Kinghorn 650-773-7713 Kinghorn Commercial Properties