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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
121 San Mateo Dr San Mateo, CA 94401-2708
Individually Owned
14-yr Hold
Free & Clear
Property ID
US10-2861037
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1950
Total area
2,324 SF
Lot
0.18 ac (8,056 SF)
Zoning code
EA00E2
APN
032-292-070
UPID
US10-2861037
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
-
Lau Terrence Y DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Terrence Y Lau · 14 yrs held
Terrence Y Lau
since 2012
7 recorded transactions
Zoning & alternative use
EA00E2 · San Mateo, 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 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%
$805,000
6.5%
$740,000
7%
$690,000
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$269 / 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
$14,991
Tax year 2024
Assessed value
$1,189,569
Assessed 2024
Previous assessed
$1,189,569
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,063,026
Assessed improvement
$126,543
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1950
Heating
NONE
Stories
1
Total area
2,324 SF
Lot
0.18 ac (8,056 SF)
Zoning code
EA00E2
APN
032-292-070
UPID
US10-2861037
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
EA00E2 · San Mateo, CA
Zoning EA00E2 · permitted uses
EA00E2 · 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.
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Terrence Y Lau
Individual
Free & Clear · 14 yrs held
Mailing address
121 N SAN MATEO DR, SAN MATEO, CA 94401-2708
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Feb 2, 2012
—
Terrence Y Lau
Lau,terrence
Quit Claim Deed
—
Apr 7, 2011
—
Terrence Lau
Out Of Box Concept Props LLC
Grant Deed
—
Jul 23, 2010
$710,000
Out Of The Box Concepts Props
Lau,terrence Y
Grant Deed
—
Jun 29, 2010
$940,000
Terrence Y Lau
121 N San Mateo Drive LLC
Grant Deed
$719,697 · Bank Of America
Jun 29, 2010
—
Terrence Y Lau
Chong,kristine C
Grant Deed
related
—
Apr 30, 2008
$1,400,000
121 N San Mateo Drive LLC
Zipkin 1985 Trust
Grant Deed
$676,500 · Bank Of The West
Jan 12, 1994
—
Zipkin Trust
Zipkin,charles
Quit Claim Deed
related
—
—
—
121 N San Mateo Drive LLC
—
Deed Of Trust
related
$636,500 · Bank Of The West
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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