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Property profile & analytics
OFF-MARKET
Estimated value
$12,500,000
Hotels
1 Old Bayshore Hwy Millbrae, CA 94030-3120
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1833123
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1987
Construction
CONCRETE
Total area
294,000 SF
Lot
6.34 ac (276,079 SF)
Zoning code
PD0000
APN
024-370-150
UPID
US09-1833123
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
People Analytics & Future of Work Conference Center Trade Show Venue
-
ATM Atm
-
Starbucks Cafe & Coffee Shop
-
The Westin San Francisco Airport Hotel & Motel
-
Grill & Vine Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.95M
Blend (final)
Blend
$12.50M
Owner & transaction history
Sfo Bayshore LLC · 3 yrs held
Sfo Bayshore LLC
since 2023
7 recorded transactions
Zoning & alternative use
PD0000 · Millbrae, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$17.9M
+121.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Millbrae submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbrae submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,065,000
Current use
INDUSTRIAL (GENERAL)
$17,860,000
Change: +121% · Conversion: Difficult
Blend value · Realmo final
$12.50M
Range $11.25M – $13.75M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$43 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,595,551
Tax year 2024
Assessed value
$118,245,019
Assessed 2024
Previous assessed
$118,245,019
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$31,569,188
Assessed improvement
$86,675,831
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Stories
7
Units
397
Rooms
39
Total area
294,000 SF
Lot
6.34 ac (276,079 SF)
Zoning code
PD0000
APN
024-370-150
UPID
US09-1833123
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
PD0000 · Millbrae, CA
Zoning PD0000 · permitted uses
PD0000 · Millbrae, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millbrae. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$8.1M
INDUSTRIAL (GENERAL)
Est. value
$17.9M
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
NONE
Stories
7
Units
397
Rooms
39
Lot
6.34 ac
Current owner
From public records · entity-resolved
Sfo Bayshore LLC
Entity
Mailing address
1221 AVE OF THE AMERICAS HWY, NEW YORK, NY 10020-1001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2025
—
Sfo Millbrae LLC
—
Deed
related
$102,400 · Prime Finance Short Duration Holding Co
Feb 16, 2023
—
Sfo Bayshore LLC
Sfo Bayshore LLC
Correction Deed
related
$100,000,000 · Citibank NA
May 22, 2018
—
Sfo Bayshore LLC
—
Loan Modification
related
$140,553,302 · Citibank
Feb 13, 2018
$120,704
Sfo Bayshore L L C
Millbrae Wcp Hotel 1 L L C
Grant Deed
—
Sep 2, 2016
—
Millbrae Wcp Hotel I LLC
—
Deed
related
$140,000,000 · Other Institutional Lenders
Oct 31, 2013
$68,549,000
Millbrae Wcp Hotel I LLC
Westin Bay Hotel Realty LLC
Grant Deed
—
—
—
Millbrae Wcp Hotel I LLC
—
Loan Modification
related
$140,000,000 · Other Institutional Lenders
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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