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Property profile & analytics
OFF-MARKET
Retail space
1112 Main St Redwood City, CA 94063-1913
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1642494
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Total area
546 SF
Lot
0.1 ac (4,225 SF)
Zoning code
ML001S
APN
053-138-020
UPID
US09-1642494
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Butler Realty III LLC · 7 yrs held
Butler Realty III LLC
since 2018
7 recorded transactions
Zoning & alternative use
ML001S · Redwood City, 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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,799
Tax year 2024
Assessed value
$1,511,415
Assessed 2024
Previous assessed
$1,511,415
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,476,420
Assessed improvement
$34,995
Applied tax rate
9.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1951
Heating
NONE
Stories
1
Total area
546 SF
Lot
0.1 ac (4,225 SF)
Zoning code
ML001S
APN
053-138-020
UPID
US09-1642494
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML001S · Redwood City, CA
Zoning ML001S · permitted uses
ML001S · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Heating
NONE
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Butler Realty III LLC
Entity
Mailing address
1629 MAIN ST, REDWOOD CITY, CA 94063-2121
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Apr 29, 2022
—
Butler Realty III LLC
—
Deed
related
$2,862,000 · Heritage Bank Of Commerce
Sep 28, 2018
$5,012,000
Butler Realty III LLC
Wood Limited Partnership
Grant Deed
$300,000 · First Republic Bank
Dec 6, 2016
—
Wood Limited Partnership
—
Deed
related
$3,976,000 · Umpqua Bank
—
—
Wood LP
—
Deed Of Trust
related
$575,000 · Seller
—
—
Knight Johnston
—
Deed Of Trust
related
$20,000 · Individual
—
—
Johnston Trust
—
Deed Of Trust
related
$26,250 · Johnston Trust
—
—
Wood LP
—
Deed Of Trust
related
$395,000 · L B Bachman Ira
—
—
Johnston Trust
—
Deed Of Trust
related
$26,250 · Johnston Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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