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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Warehouses
103 Harbour Dr El Granada, CA 94018-8160
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1505548
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
4,600 SF
Lot
0.21 ac (9,164 SF)
Zoning code
ML00M1
APN
047-031-300
UPID
US09-1505548
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
$1.81M
Blend (final)
Blend
$1.65M
Owner & transaction history
Andreini Family Trust · 6 yrs held
Andreini Family Trust
since 2019
7 recorded transactions
Zoning & alternative use
ML00M1 · El Granada, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.5M
+41.0%
Retail stores
$2.3M
+32.9%
Commercial (general)
$2.1M
+20.8%
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 El Granada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Granada 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
WAREHOUSE, STORAGE
$1,760,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,480,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$2,340,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,125,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,090,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±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
$359 / 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
$12,031
Tax year 2024
Assessed value
$950,043
Assessed 2024
Previous assessed
$950,043
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$318,065
Assessed improvement
$631,978
Applied tax rate
87.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Total area
4,600 SF
Lot
0.21 ac (9,164 SF)
Zoning code
ML00M1
APN
047-031-300
UPID
US09-1505548
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML00M1 · El Granada, CA
Zoning ML00M1 · permitted uses
ML00M1 · El Granada, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Granada. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Andreini Family Trust
Trust
Free & Clear · 6 yrs held
Mailing address
2220 CABRILLO HWY S, HALF MOON BAY, CA 94019-2249
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2019
—
Andreini Family Trust
Mario Andreini
Quit Claim Deed
related
—
Dec 21, 2016
—
Andreini,edward J & S L Trust
Andreini,edward J
Quit Claim Deed
related
—
Dec 22, 2015
—
Edward J Andreini
Andreini,linda J
Quit Claim Deed
related
—
Oct 15, 1993
$120,000
Edward Andreini
Princeton Constr
Grant Deed
—
—
—
William H Baskin
—
Deed Of Trust
related
$10,000 · Individual
—
—
Edward Andreini
—
Deed Of Trust
related
$185,000 · Redwood Bank
—
—
William H Baskin
—
Deed Of Trust
related
$40,000 · Liberty National Bank
—
—
William H Baskin
—
Deed Of Trust
related
$10,000 · Devonshire Investm
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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