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Property profile & analytics
OFF-MARKET
Estimated value
$2,415,000
Manufacturing properties
1209 Railroad Ave San Mateo, CA 94402
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3280426
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1964
Total area
7,000 SF
Lot
0.18 ac (8,000 SF)
Zoning code
CH00C4
APN
035-051-450
UPID
US09-3280426
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
$2.47M
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.42M
Owner & transaction history
Wayne M Rodoni · 3 yrs held
Wayne M Rodoni
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
CH00C4 · San Mateo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.8M
+64.9%
Retail stores
$3.4M
+48.1%
Commercial (general)
$3.2M
+41.2%
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
$2,550,000
ML approach
$2,470,000
CAP Approach
CAP Return
Estimation
6%
$1,680,000
6.5%
$1,550,000
7%
$1,440,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,290,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,775,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$3,395,000
Change: +48% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,235,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,180,000
Change: +39% · Conversion: Easy
WAREHOUSE, STORAGE
$2,680,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$2.42M
Range $2.17M – $2.66M · ±10% · vs last sale $2.33M (Jun 1 2023)
Last sale anchor
$2.33M
Jun 1 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
$345 / 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
$29,044
Tax year 2024
Assessed value
$2,371,500
Assessed 2024
Previous assessed
$2,371,500
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,428,000
Assessed improvement
$943,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1964
Heating
NONE
Total area
7,000 SF
Lot
0.18 ac (8,000 SF)
Zoning code
CH00C4
APN
035-051-450
UPID
US09-3280426
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CH00C4 · San Mateo, CA
Zoning CH00C4 · permitted uses
CH00C4 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
RETAIL STORES
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.7M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1964
Heating
NONE
Lot
0.18 ac
Current owner
From public records · entity-resolved
Wayne M Rodoni
Individual
Free & Clear · 3 yrs held
Mailing address
1435 KALMIA ST, SAN MATEO, CA 94402-3036
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
$2,325,000
Wayne M Rodoni
Stephen A Jolley
Grant Deed
—
Jun 18, 2018
—
Stephen A Jolley
Jolley,stephen A
Quit Claim Deed
related
—
Jun 17, 2014
—
David P Jolley
Jolley Hugh & F Trust
Quit Claim Deed
related
—
Jan 7, 2014
—
David P Jolley
Jolley,frances D
Affidavit Of Death
related
—
Oct 3, 2011
—
Jolley Hugh & Frances Trust
Jolley Hugh & F Trust
Quit Claim Deed
related
—
Jun 28, 2004
—
Ronald A Segel
Segel,tr
Quit Claim Deed
related
—
Nov 4, 1993
—
Albert Segel
Wells Fargo Bank
Quit Claim Deed
related
—
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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