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Property profile & analytics
FOR LEASE
Office buildings
1001 E Hillsdale Blvd West Tower Foster, San Mateo, CA 94404
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2025780
For Lease
1 / 8
$24,305,000
1001 E Hillsdale Blvd West Tower Foster, San Mateo, CA 94404
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2002
Total area
399,422 SF
Lot
5.94 ac (258,651 SF)
APN
094-524-220
UPID
US09-2025780
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.31M
Owner & transaction history
Metlife Real Estate Lending LLC · 2 yrs held
Metlife Real Estate Lending LLC
since 2023
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 San Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$61 / 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
$2,839,170
Tax year 2024
Assessed value
$246,374,549
Assessed 2024
Previous assessed
$246,374,549
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$75,715,103
Assessed improvement
$170,659,446
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2002
Heating
NONE
Stories
5
Total area
399,422 SF
Lot
5.94 ac (258,651 SF)
APN
094-524-220
UPID
US09-2025780
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Stories
5
Lot
5.94 ac
Current owner
From public records · entity-resolved
Metlife Real Estate Lending LLC
Entity
Mailing address
980 MSN CT, FREMONT, CA 94539-8202
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2023
—
Metlife Real Estate Lending LLC
Metropolitan Life Insurance Company
Assignment Of Lease (leasehold Sale)
—
Feb 14, 2014
—
Trust Parkside Towers Corp
Parkside Towers LP
Quit Claim Deed
$102,500,000 · Metropolitan Life Insurance
Jan 16, 2008
$179,750,000
Parkside Towers
Parkside Associates Nf
Grant Deed
—
Jul 27, 2005
$73,000,000
Parkside Associates Nf
Ca-parkside Towers
Deed Of Trust
$322,900,000 · Column Financial INC
—
—
Parkside Associates Nf
—
Deed Of Trust
related
$95,000,000 · General Electric Capital Corp
—
—
Parkside Towers
—
Deed Of Trust
related
$92,000,000 · Metropolitan Life Insurance
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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