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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Office buildings
1016 Laurel St, San Carlos, CA 94070-3919
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3108811
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2005
Total area
9,191 SF
Lot
0.14 ac (6,000 SF)
APN
051-353-060
UPID
US10-3108811
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
-
Aj Tutoring Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$2.19M
Owner & transaction history
Sequoia Healthcare District · 1 yrs held
Sequoia Healthcare District
since 2025
7 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±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
$238 / 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
$2,521,479
Assessed 2024
Previous assessed
$2,521,479
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$871,127
Assessed improvement
$1,650,352
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2005
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
4
Bathrooms
1
Total area
9,191 SF
Lot
0.14 ac (6,000 SF)
APN
051-353-060
UPID
US10-3108811
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
2005
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
4
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Sequoia Healthcare District
Individual
Mailing address
807 TOYON WAY, REDWOOD CITY, CA 94062-3119
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2025
—
Sequoia Healthcare District
Kathryn A Barnard
Grant Deed
—
Jan 8, 2009
$2,050,000
Barnard Of Shirriff Family Trust
Fellowes Family 2004 Trust
Grant Deed
—
Oct 12, 2005
—
Fellowes Family 2004 Trust
Fellowes,patrick J
Quit Claim Deed
related
—
Apr 22, 2005
—
Patrick J Fellowes
Fellowes,pat
Quit Claim Deed
related
$1,092,000 · First Republic Bank
Jun 29, 2004
—
Pat Fellowes
—
Trustees Deed
related
$942,500 · Greater Bay Bank
Oct 24, 2003
$650,000
Pat Fellowes
Guth,tr
Grant Deed
$455,000 · Cit Group Consumer Finance INC
Oct 14, 1994
—
Guth Trust
Guth,marie E
Quit Claim Deed
related
—
—
—
Fellowes Family 2004 Living
—
Deed Of Trust
related
$1,110,000 · First Republic Bank
—
—
Fellowes Family 2004 Living
—
Deed Of Trust
related
$4,000,000 · First Republic Bank
—
—
Patrick J Fellowes
—
Deed Of Trust
related
$100,000 · Mansbach Trust
—
—
Fellowes Family 2004 Trust
—
Deed Of Trust
related
$1,150,000 · First Republic Bank
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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