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Property profile & analytics
OFF-MARKET
Estimated value
$2,395,000
Warehouses
1118 Chess Dr Foster City, CA 94404-1103
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-0652886
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
9,360 SF
Lot
0.5 ac (21,915 SF)
Zoning code
M100PD
APN
094-012-120
UPID
US09-0652886
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
$2.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
The Rakesh Kumar & Premila Kumar Fa · 11 yrs held
The Rakesh Kumar & Premila Kumar Fa
since 2015
7 recorded transactions
Zoning & alternative use
M100PD · Foster 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 Foster City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Foster 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,730,000
6.5%
$2,520,000
7%
$2,340,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,580,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,105,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.63M · ±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
$256 / 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
$49,387
Tax year 2024
Assessed value
$4,241,818
Assessed 2024
Previous assessed
$4,241,818
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,003,080
Assessed improvement
$2,238,738
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Heating
NONE
Stories
2
Total area
9,360 SF
Lot
0.5 ac (21,915 SF)
Zoning code
M100PD
APN
094-012-120
UPID
US09-0652886
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M100PD · Foster City, CA
Zoning M100PD · permitted uses
M100PD · Foster City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Foster City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
Year built
1968
Heating
NONE
Stories
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
The Rakesh Kumar & Premila Kumar Fa
Individual
Mailing address
1118 CHESS DR, FOSTER CITY, CA 94404-1103
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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 21, 2015
$3,600,000
The Rakesh Kumar & Premila Kumar Fa
Richard L Breaux
Grant Deed
$2,490,000 · Umpqua Bank
Oct 10, 2001
$3,000,000
Breaux Trust
Hockett Trust
Grant Deed
$700,000 · Bank Of The West
Aug 27, 1999
—
Hockett/murphy Trust
Hockett,paul J
Quit Claim Deed
related
—
Dec 12, 1996
—
Paul Hockett
Murphy,suzette C
Quit Claim Deed
related
—
Dec 12, 1996
$925,000
Tanakatsubo,niles
Dove Holdings Corp
Trustees Deed
$693,750 · Bank Of America
Dec 27, 1995
—
The Dove Holdings Corp
The Dove Holdings Corp
Quit Claim Deed
related
$500,000 · Golden Gate Bank
Oct 4, 1989
—
Ross-dove Compan
Ross-dove Compan
Quit Claim Deed
related
$750,000 · Metlife Capital Financial Corp
—
—
Niles Tanakatusbo
—
Deed Of Trust
related
$1,110,000 · Bank Of America
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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