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Property profile & analytics
FOR LEASE
Manufacturing properties
105 Associated Rd South San Francisco, CA 94080
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3158077
For Lease
1 / 3
$4,705,000
105 Associated Rd, South San Francisco, CA 94080
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1955
Total area
29,897 SF
Lot
0.95 ac (41,415 SF)
Zoning code
MH00M2
APN
015-031-120
UPID
US10-3158077
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
-
Sunbelt Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Quality Systems Installations, Ltd. Furniture & Home Goods
-
Charter Communications Telecommunications Service
-
Dr Mc Dougall's Right Foods Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.88M
Blend (final)
Blend
$4.71M
Owner & transaction history
Uslv Newca 2 LLC · 2 yrs held
Uslv Newca 2 LLC
since 2023
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
MH00M2 · South San Francisco, CA
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 South San Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South San Francisco 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
$4,880,000
ML approach
$4,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.71M
Range $4.23M – $5.18M · ±10% · vs last sale $4.45M (Oct 5 2023)
Last sale anchor
$4.45M
Oct 5 2023
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
$157 / 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
$28,346
Tax year 2024
Assessed value
$2,509,737
Assessed 2024
Previous assessed
$2,509,737
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,191,607
Assessed improvement
$318,130
Applied tax rate
13.0000
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
For Lease
Year built
1955
Heating
NONE
Total area
29,897 SF
Lot
0.95 ac (41,415 SF)
Zoning code
MH00M2
APN
015-031-120
UPID
US10-3158077
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
MH00M2 · South San Francisco, CA
Zoning MH00M2 · permitted uses
MH00M2 · South San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South San Francisco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Lot
0.95 ac
Current owner
From public records · entity-resolved
Uslv Newca 2 LLC
Entity
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2023
—
Uslv Newca 2 LLC
Baker Properties Co
Intrafamily Transfer
related
—
Jun 2, 2015
$4,446,500
Prologis Uslv Newca 2 LLC
Ktr San Fran LLC
Grant Deed
—
Dec 30, 2014
—
Ktr San Fran LLC
Jbc Endeavors LLC
Grant Deed
—
Jan 11, 2007
$3,900,000
Jbc Endeavors LLC
San Francisco Spice
Grant Deed
—
Jun 2, 2000
—
San Francisco Spice Co
Waterview Resolution Corp
Quit Claim Deed
related
$1,437,000 · Exchange Bank
—
—
San Francisco Spice Co
—
Deed Of Trust
related
$525,000 · Wells Fargo Bank
—
—
Fan Francisco Spice Co
—
Deed Of Trust
related
$400,000 · Exchange Bank
—
—
San Francisco Spice Co
—
Deed Of Trust
related
$2,450,000 · Exchange Bank
—
—
San Francisco Spice Co
—
Deed Of Trust
related
$632,000 · Bridge Bank NA
—
—
Sf Spice Corp
—
Deed Of Trust
related
$741,000 · Commercial Bank Of Korea Ltd
—
—
San Francisco Spice Co
—
Deed Of Trust
related
$970,000 · Bridge Bank NA
—
—
San Francisco Spice Co
—
Deed Of Trust
related
$1,750,000 · Zions First National Bank
—
—
San Francisco Sp
—
Deed Of Trust
related
$600,000 · Sumitomo Bank
—
—
San Francisco Spice Co
—
Deed Of Trust
related
$200,000 · Westamerica 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.
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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