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Property profile & analytics
OFF-MARKET
Estimated value
$3,115,000
Investment properties
1120 Broadway Burlingame, CA 94010-3422
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2373660
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1946
Total area
5,875 SF
Lot
0.12 ac (5,213 SF)
Zoning code
CH00C2
APN
026-093-050
UPID
US09-2373660
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
-
Record Nations Storage Facility
-
eprints & Document Services (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.92M
Comparable Approach
Comparable
$3.63M
Blend (final)
Blend
$3.12M
Owner & transaction history
1120 Broadway LLC · 1 yrs held
1120 Broadway LLC
since 2024
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
CH00C2 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+46.3%
Office building
$3.8M
+38.8%
Neighborhood: shopping center
$3.2M
+16.8%
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 Burlingame submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlingame 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%
$3,165,000
6.5%
$2,920,000
7%
$2,710,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,715,000
Current use
RESTAURANT
$3,975,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$3,770,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,170,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$2,990,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,670,000
Change: -2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,230,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$3.12M
Range $2.80M – $3.43M · ±10% · vs last sale $2.95M (Aug 20 2024)
Last sale anchor
$2.95M
Aug 20 2024
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
$530 / 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
$43,441
Tax year 2024
Assessed value
$3,841,932
Assessed 2024
Previous assessed
$3,841,932
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,180,556
Assessed improvement
$1,661,376
Applied tax rate
4.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1946
Heating
NONE
Stories
2
Total area
5,875 SF
Lot
0.12 ac (5,213 SF)
Zoning code
CH00C2
APN
026-093-050
UPID
US09-2373660
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CH00C2 · Burlingame, CA
Zoning CH00C2 · permitted uses
CH00C2 · Burlingame, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlingame. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
RESTAURANT
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
RETAIL STORES
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1946
Heating
NONE
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
1120 Broadway LLC
Entity
Mailing address
1243 BROADWAY, BURLINGAME, CA 94010-3423
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 20, 2024
$2,950,000
1120 Broadway LLC
Orhan Tolu
Grant Deed
$1,900,000 · Partners Bank Of California
Sep 10, 2024
—
Orhan Tolu
—
Deed
related
$365,000 · Peak Financial Partners INC
Apr 18, 2024
—
Dersel Properties LLC
—
Deed
related
$175,000 · Peak Financial Partners INC
Oct 31, 2022
$355,000
Orhan Tolu
Dersel Properties LLC
Grant Deed
—
Apr 1, 2022
$3,700,000
Dersel Properties LLC
The Constantino Family LLC
Grant Deed
$1,800,000 · Western Alliance Bank
Oct 17, 2012
—
Constantino Family LLC
Constantino,ken
Quit Claim Deed
—
Oct 5, 2012
—
Doris Osterling
Constantino Paul J Trust
Grant Deed
related
—
—
—
Constantino F Cl
—
Deed Of Trust
related
$315,000
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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