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770 El Camino Real 9,715 SF 100% Leased Retail Building San Carlos, CA 94070 $4,195,000 ($431.81/SF) 5.13% Cap Rate




INVESTMENT HIGHLIGHTS
- Great unit mix
- On-site parking
- Ground level storefront
- National grad tenant (Mountain Mikes)
EXECUTIVE SUMMARY
-Prime investment opportunity
-Retail and office
-Desirable location near US 101 and downtown San Carlos
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$357,426
![]() |
$36.79
![]() |
Other Income |
-
![]() |
-
![]() |
Vacancy Loss |
-
![]() |
-
![]() |
Effective Gross Income |
$357,426
![]() |
$36.79
![]() |
Taxes |
$50,000
![]() |
$5.15
![]() |
Operating Expenses |
$92,050
![]() |
$9.48
![]() |
Total Expenses |
$142,050
![]() |
$14.62
![]() |
Net Operating Income |
$215,376
![]() |
$22.17
![]() |
FINANCIAL SUMMARY (PRO FORMA - 2025)
Gross Rental Income | |
---|---|
Annual | $357,426 |
Annual Per SF | $36.79 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $357,426 |
Annual Per SF | $36.79 |
Taxes | |
---|---|
Annual | $50,000 |
Annual Per SF | $5.15 |
Operating Expenses | |
---|---|
Annual | $92,050 |
Annual Per SF | $9.48 |
Total Expenses | |
---|---|
Annual | $142,050 |
Annual Per SF | $14.62 |
Net Operating Income | |
---|---|
Annual | $215,376 |
Annual Per SF | $22.17 |
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
Leslie’s is the largest and most trusted brand in the U.S. pool and spa care industry, serving residential, professional, and commercial customers. Founded in 1963 in North Hollywood, California, Leslie’s is the only direct-to-customer pool and spa care brand with a national presence, supported by more than 930 stores and a robust ecommerce site. They offer an extensive assortment of professional-grade products, the majority of which are exclusive to Leslie’s, as well as certified installation and repair services — all of which are essential to the ongoing maintenance of pools and spas. Their dedicated team of more than 5,000 associates, pool and spa care experts, and experienced service technicians are passionate about empowering their customers with the knowledge, products, and solutions necessary to confidently maintain and enjoy their pools and spas.
The first Mountain Mike’s Pizza restaurant was established in 1978 in Palo Alto, California. It all started with a single pizzeria and a dream of creating a place where families, friends, and sports enthusiasts could gather over the perfect pizza. Over 45 years, that dream has blossomed into Mountain Mike’s Pizza, a PIZZA LEGEND and a beloved brand with nearly 300 locations in the western United States including California, Arizona, Nevada, Oregon, Utah, Idaho, Texas, Colorado, Washington and Wisconsin. Their secret? A steadfast commitment to quality, using only the freshest, finest ingredients in every pie they serve. Their mission hasn’t wavered from day one, to offer customers the ideal pizza experience and Pizza the Way it Oughta Be.
- Skin Care by Sally
- Services
- -
- -
- -
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
![]() |
Retailer | - | - | - | ||
![]() |
Accommodation and Food Services | - | - | - | ||
Skin Care by Sally | Services | - | - | - |
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 050-154-070 | Total Assessment | $376,038 (2023) |
Land Assessment | $188,025 (2023) | Annual Taxes | $50,000 ($5.15/SF) |
Improvements Assessment | $188,013 (2023) | Tax Year | 2025 |
PROPERTY TAXES
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770 El Camino Real
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