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Property profile & analytics
OFF-MARKET
Estimated value
$7,515,000
Retail space
114 B St 154 San Mateo, CA 94401-3909
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-3289102
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1924
Total area
25,370 SF
Lot
0.37 ac (16,232 SF)
APN
034-153-210
UPID
US09-3289102
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
$9.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.52M
Owner & transaction history
112-154 South B Street LLC · 10 yrs held
112-154 South B Street LLC
since 2016
7 recorded transactions
Zoning & alternative use
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 San Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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%
$10,800,000
6.5%
$9,965,000
7%
$9,255,000
Alternative Use
Use
Estimation
RETAIL STORES
$12,295,000
Current use
COMMERCIAL (GENERAL)
$11,725,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,525,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$7.52M
Range $6.76M – $8.27M · ±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
$296 / 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
$251,887
Tax year 2024
Assessed value
$15,087,612
Assessed 2024
Previous assessed
$15,087,612
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$8,588,333
Assessed improvement
$6,499,279
Applied tax rate
12.0000
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
1924
Heating
NONE
Stories
1
Total area
25,370 SF
Lot
0.37 ac (16,232 SF)
APN
034-153-210
UPID
US09-3289102
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$12.3M
COMMERCIAL (GENERAL)
Est. value
$11.7M
AUTO REPAIR, GARAGE
Est. value
$11.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1924
Heating
NONE
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
112-154 South B Street LLC
Entity
Mailing address
PO BOX 117067, BURLINGAME, CA 94011-7067
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2022
—
112 154 South S Street LLC
—
Deed
related
$1,000,000 · Jpmorgan Chase Bank NA
Jun 1, 2016
$1,300,000
112-154 South B Street LLC
Windy Hill Pv Nine LLC
Grant Deed
$8,950,000 · Jpmorgan Chase Bank NA
Dec 28, 2012
$7,600,000
Windy Hill Pv Nine LLC
Chigusa,tadaaki
Grant Deed
$4,907,500 · First Republic Bank
Sep 9, 2010
—
Qvd Properties LLC
Chigusa,tadaaki
Grant Deed
—
Sep 1, 2006
$2,300,000
Tadaaki Chigusa
Ans Property Co LLC
Grant Deed
—
Sep 1, 2006
—
Tadaaki Chigusa
Chigusa,satsuki
Quit Claim Deed
related
—
Oct 7, 2005
—
Tadaaki Chigusa
Chigusa,satsuki
Quit Claim Deed
related
—
Mar 5, 2004
—
Tadaaki Chigusa
S & T Properties LLC
Grant Deed
related
—
Dec 5, 2003
$517,000
S & T Properties LLC
Ans Property Co LLC
Grant Deed
—
Dec 27, 2001
—
Tadaaki Chigusa
Meyer Trust
Grant Deed
related
—
Dec 28, 2000
—
Tadaaki Chigusa
William Meyer Trustee
Grant Deed
related
—
—
—
Windy Hill Pv Nine LLC
—
Deed Of Trust
related
$4,940,000 · Opus Bank
—
—
Tadaaki Chigusa
—
Deed Of Trust
related
$2,800,000 · Citibank West Fsb
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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