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Property profile & analytics
OFF-MARKET
Estimated value
$3,745,000
Warehouses
1206 Amphlett Blvd San Mateo, CA 94402-1984
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2291153
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
7,459 SF
Lot
0.25 ac (10,935 SF)
Zoning code
C40001
APN
035-066-420
UPID
US09-2291153
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
-
Tremors Plumbing And Sewer Inc. Plumbing Service General Contractor
-
Veteran Fire Protection General Contractor Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.30M
Blend (final)
Blend
$3.75M
Owner & transaction history
1206 S Amphlett LLC · 2 yrs held
1206 S Amphlett LLC
since 2023
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
C40001 · San Mateo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.0M
+76.7%
Office building
$4.9M
+70.4%
Neighborhood: shopping center
$4.0M
+41.0%
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
$3,545,000
ML approach
$3,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,855,000
Current use
RESTAURANT
$5,045,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$4,865,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,025,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$3,615,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,445,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,390,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,475,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.75M
Range $3.37M – $4.12M · ±10% · vs last sale $3.75M (Sep 11 2023)
Last sale anchor
$3.75M
Sep 11 2023
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
$502 / 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
$45,378
Tax year 2024
Assessed value
$3,750,000
Assessed 2024
Previous assessed
$3,750,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,000,000
Assessed improvement
$1,750,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
NONE
Total area
7,459 SF
Lot
0.25 ac (10,935 SF)
Zoning code
C40001
APN
035-066-420
UPID
US09-2291153
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C40001 · San Mateo, CA
Zoning C40001 · permitted uses
C40001 · San Mateo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Mateo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.9M
RESTAURANT
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
RETAIL STORES
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1980
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
1206 S Amphlett LLC
Entity
Mailing address
1206 S AMPHLETT BLVD STE #1, SAN MATEO, CA 94402-1985
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2023
$3,750,000
1206 S Amphlett LLC
Michelle L Abrams
Grant Deed
$1,535,000 · The Mortgage Capital Development Co
Sep 11, 2023
—
1206 S Amphlett LLC
—
Deed
related
$1,500,000 · Harvest Commercial Capital LLC
May 27, 2020
—
Michelle L Abrams
—
Deed
related
$2,100,000 · First Republic Bank
May 31, 2018
—
Michelle L Abrams
—
Deed
related
$1,600,000 · California Bk&tr
Sep 30, 2010
$3,124,045
Michelle L Abrams
Abrams,michelle L
Grant Deed
related
—
Dec 10, 2004
—
Michelle L Abrams
Abrams,michelle L
Quit Claim Deed
related
$900,000 · Citibank West Fsb
May 4, 1998
$146,000
Michelle L Abrams
Weiner,gerald H & Judith A
Grant Deed
—
—
—
Michelle L Abrams
—
Deed Of Trust
related
$1,300,000 · Fremont Bank
—
—
Michelle L Abrams
—
Deed Of Trust
related
$1,600,000 · California Bk&tr
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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