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    Daly City Triplex with Views Title is generated by Realmo AI

    299 Rhine St, Daly City, CA 94014

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    Renovated triplex in Daly City with city views.

    Type:Multifamily
    Property size:
    2,260 SF
    Price / SF:
    $619/SF
    Added:
    Feb 19, 2026
    Days on Market:
    81
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 299 Rhine St

    General Information

    Standard status
    Active
    Size
    2,260 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1926

    We can help!

    Listing Contact
    Tony Zizzo

    Listing agent Tony Zizzo License #CA#01962093

    Listing office Compass Commercial Real Estate

    Listing date Feb 19, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Compass Commercial Real Estate

    HighLights

    • Sweeping neighborhood and city views from a hilltop location.
    • Fully renovated units minimize near‑term capital improvement needs.
    • Prime location near Serramonte Center, transportation, and BART.
    • Strong rental market due to proximity to San Francisco and Oyster Point biotech hub.
    • Desirable amenities including on‑site laundry and a private rear yard.
    • One unit features a bonus room ideal for a home office or guest space.

    Overview

    The property at 299 Rhine Street in Daly City is a well-maintained triplex situated atop a hill, offering neighborhood and city views. The property consists of three fully renovated one-bedroom units. One unit is a standard one-bedroom, another includes a private garage, and the third is an oversized one-bedroom with a bonus room suitable for a home office, guest space, or additional living area. All three units have been updated. Residents have access to an on-site laundry room and a private rear yard. The location provides access to shopping, dining, and retail services at Serramonte Center, as well as connectivity to major transportation corridors and nearby BART stations. It is located near San Francisco State University and a short drive from the Pacific coastline at Thornton State Beach. Commuters have access to downtown San Francisco and Peninsula employment centers. The property is near Interstate 280 and U.S. Route 101, providing regional connectivity throughout the Bay Area. It is also near San Bruno Mountain State & County Park. The property size is 2260 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daly City
    County
    San Mateo
    State
    California
    Longitude
    -122.4619933
    Latitude
    37.7079785

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    FAQs

    What type of property is this?
    Triplex - Renovated triplex in Daly City with city views.
    Where is this triplex located?
    The property is located at 299 Rhine St Daly City, CA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Sweeping neighborhood and city views from a hilltop location.; Fully renovated units minimize near‑term capital improvement needs.; Prime location near Serramonte Center, transportation, and BART.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tony Zizzo
    Real Estate License ID: CA#01962093
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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