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Financial
Distress signals
Property profile

2985 Fair Oaks Ave Redwood City, CA 94063

FOR LEASE
Manufacturing properties
Property ID
US09-2400256
9,410 SF 0.34 ac lot Built 1985
Last sale Sep 2025 · $3,887,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This vacant, single-tenant industrial warehouse in Redwood City, CA (94063), offers 9,410 square feet of flexible space ideal for owner-occupiers. Located at 2985 Fair Oaks Ave, this property boasts approximately 20% office build-out and 80% warehouse space, perfect for a variety of uses. The building, constructed in 1980, features an 18-foot clear height, two 14x14 grade-level roll-up doors, and a bonus mezzanine area (not included in the gross building area). Power is provided by a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$37k
Tax billed · 2024
Assessed value$3.28M
Assessed land$2.99M
Assessed improvement$284k
Effective rate1.14%

Value estimate

· Oct 2026
$3.38M
$3.04M – $3.71M
Submarket $/SF estimate$4.37M
NOI build-up
Gross scheduled income$172k
Vacancy & credit loss−$8k
Operating expenses−$25k
NOI · 6,178,000.00% cap applied$139k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$321/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$139 – $464
Qualifying comparables21

Cap rate analysis

How does the asset earn?
6,178,000.00%
$139k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
ML00M1
JurisdictionSAN MATEO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.8
Law Firm17.6
Smoke and Vape Shop9.9

Location

2985 Fair Oaks Ave Redwood City, CA 94063
County assessor Recorded deeds · 6 transfers 21 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
840 Warrington, Redwood City, CA 94063-3528 $540,000 Jan 2024 8,007 SF
2910 Bay, Redwood City, CA 94063-3934 $2,600,000 Jan 2024 7,400 SF
891 Barron, Redwood City, CA 94063-3961 $2,050,000 Jun 2023 9,515 SF
811 Kaynyne, Redwood City, CA 94063-3015 $1,250,000 Nov 2022 8,250 SF
2466 Bay, Redwood City, CA 94063-3013 $3,350,000 Jan 2022 10,263 SF
2430 Bay, Redwood City, CA 94063-3013 $3,275,000 Jan 2022 7,697 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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