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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Manufacturing properties
1001 Washington St San Carlos, CA 94070-5318
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1248034
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1945
Total area
3,525 SF
Lot
0.12 ac (5,038 SF)
Zoning code
PM0001
APN
046-221-230
UPID
US09-1248034
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
-
Cuvée Wine Cellars Brewery & Distillery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.74M
Owner & transaction history
Jeffrey G Steves · 3 yrs held
Jeffrey G Steves
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
PM0001 · San Carlos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.6M
+127.4%
Office building
$2.3M
+97.0%
Neighborhood: shopping center
$1.9M
+65.7%
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 Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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
$1,635,000
ML approach
$1,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,150,000
Current use
RETAIL STORES
$2,610,000
Change: +127% · Conversion: Moderate
OFFICE BUILDING
$2,260,000
Change: +97% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,900,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,630,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,600,000
Change: +40% · Conversion: Easy
WAREHOUSE, STORAGE
$1,070,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±10% · vs last sale $1.80M (Oct 7 2022)
Last sale anchor
$1.80M
Oct 7 2022
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
$492 / 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
$30,024
Tax year 2024
Assessed value
$1,836,000
Assessed 2024
Previous assessed
$1,836,000
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$1,234,200
Assessed improvement
$601,800
Applied tax rate
11.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1945
Heating
NONE
Stories
1
Total area
3,525 SF
Lot
0.12 ac (5,038 SF)
Zoning code
PM0001
APN
046-221-230
UPID
US09-1248034
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
PM0001 · San Carlos, CA
Zoning PM0001 · permitted uses
PM0001 · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Carlos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1945
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Jeffrey G Steves
Individual
Mailing address
1036 ROSEWOOD AVE, SAN CARLOS, CA 94070-3858
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Oct 7, 2022
$1,800,000
Jeffrey G Steves
Paul Rogerville III
Grant Deed
$1,300,000 · Rogerville Family Trust
Jun 28, 2017
—
Rogerville Family Trust
Rogerville,paul
Quit Claim Deed
related
—
Feb 9, 2010
—
Paul Rogerville
Rogerville,linda Z
Quit Claim Deed
related
—
Feb 9, 2010
$565,000
Paul Rogerville
Cassidy,james & Aileen B
Grant Deed
$452,000 · Sterling Savings Bank
Dec 4, 2009
—
James Cassidy
Cassidy Family Trust
Quit Claim Deed
related
—
Jun 24, 2004
—
Cassidy,tr
Cassidy,james & Aileen B
Quit Claim Deed
related
—
Jan 6, 1995
$290,000
James Cassidy
Davis,raymond A & Margaret R
Grant Deed
$215,000 · Seller
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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