Individually Owned Property summary
AI-generated overview
The property is an industrial condominium unit located at 1100 Industrial Road in San Carlos, with approximately 7,730 square feet of space across a first floor and a second-level mezzanine. The unit is currently configured into two suites, with Suite 18A and Suite 18B separated within the overall layout. The industrial space includes two rollup doors and an approximate 18-foot clear height, supporting flexible use within the improved interior configuration. The property provides convenient access to US-101 and is situated near tech and biotech employment areas as well as downtown San Carlos.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Total area
6,856 SF
Lot
0.16 ac (6,882 SF)
Zoning code
PM0000
APN
112-420-020
UPID
US09-0028376
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$2.58M
Owner & transaction history
since 2023
7 recorded transactions
Zoning & alternative use
PM0000 · San Carlos, CA
Top alternative use upside
Neighborhood: shopping center
$3.7M
+77.6%
Commercial (general)
$3.2M
+52.1%
Apartment house (5+ units)
$3.1M
+49.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.58M
Value range
$2.32M – $2.84M
±10% around blend
Estimated value / SF
$376 / SF
Confidence
High
8 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
80
$2.32M
blend $2.58M
$2.84M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,856 SF
Lot area
0.16 ac
Year built
1987
Stories
1
APN
112-420-020
Zoning
PM0000
Assessed value
$2,809,080
Annual tax
$33,655
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.84M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.9 mi away · 6,235 SF
14.2 mi away · 8,592 SF
15.4 mi away · 6,600 SF
16.0 mi away · 6,500 SF
18.7 mi away · 5,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.58M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 22 sales
$304
+24%
Submarket 22 sales
$304
+24%
County 258 sales
$383
-2%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $376/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+78%
vs current-use indication
Commercial (general)
Apartment House (5+ Units)
Auto Repair, Garage
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.81M
Move the market yield to see immediate price impact.
Value / SF
$410
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$177k
$3.54M
$2.53M
$1.97M
$197k
$3.93M
$2.81M
$2.18M
$216k
$4.33M
$3.09M
$2.40M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$1.88M
11.6 mi · Sep 2025 · $313/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$33,655
Tax year 2024
Assessed value
$2,809,080
Assessed 2024
Previous assessed
$2,809,080
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$832,320
Assessed improvement
$1,976,760
Applied tax rate
11.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
NONE
Stories
1
Total area
6,856 SF
Lot
0.16 ac (6,882 SF)
Zoning code
PM0000
APN
112-420-020
UPID
US09-0028376
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
PM0000 · San Carlos, CAZoning PM0000 · permitted uses
PM0000 · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
1
Lot
0.16 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PM0000
Jurisdiction
San Carlos, CA
Recorded code
PM0000
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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