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Property profile & analytics
OFF-MARKET
Estimated value
$33,000,000
Warehouses
1210 San Mateo Ave South San Francisco, CA 94080-6603
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1948280
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
53,655 SF
Lot
1.76 ac (76,699 SF)
Zoning code
MH00M2
APN
015-164-370
UPID
US09-1948280
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
-
CORT Events Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$33.00M
CAP Approach
CAP
$45.90M
Comparable Approach
Comparable
$21.99M
Blend (final)
Blend
$33.00M
Owner & transaction history
Terreno San Mateo LLC · 2 yrs held
Terreno San Mateo LLC
since 2024
Last sale
$33.0M
7 recorded transactions
Zoning & alternative use
MH00M2 · South San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$36.3M
+57.2%
Office building
$34.4M
+49.2%
Neighborhood: shopping center
$29.0M
+25.5%
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 South San Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South San Francisco 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
$33,000,000
ML approach
$33,000,000
CAP Approach
CAP Return
Estimation
6%
$49,720,000
6.5%
$45,895,000
7%
$42,620,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$23,075,000
Current use
RESTAURANT
$36,280,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$34,420,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$28,955,000
Change: +25% · Conversion: Moderate
RETAIL STORES
$27,285,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$24,795,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$24,375,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$33.00M
Range $29.70M – $36.30M · ±10% · vs last sale $33.00M (May 6 2024)
Last sale anchor
$33.00M
May 6 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
$615 / 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
$113,452
Tax year 2024
Assessed value
$10,329,211
Assessed 2024
Previous assessed
$10,329,211
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$8,994,540
Assessed improvement
$1,334,671
Applied tax rate
13.0000
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
1974
Heating
NONE
Total area
53,655 SF
Lot
1.76 ac (76,699 SF)
Zoning code
MH00M2
APN
015-164-370
UPID
US09-1948280
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
MH00M2 · South San Francisco, CA
Zoning MH00M2 · permitted uses
MH00M2 · South San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South San Francisco. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$23.1M
RESTAURANT
Est. value
$36.3M
OFFICE BUILDING
Est. value
$34.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.0M
RETAIL STORES
Est. value
$27.3M
COMMERCIAL (GENERAL)
Est. value
$24.8M
AUTO REPAIR, GARAGE
Est. value
$24.4M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1974
Heating
NONE
Lot
1.76 ac
Current owner
From public records · entity-resolved
Terreno San Mateo LLC
Entity
Free & Clear · 2 yrs held
Mailing address
101 MONTGOMERY ST, SAN FRANCISCO, CA 94104-4151
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2024
$33,000,000
Terreno San Mateo LLC
Bre Jupiter C2 East Ca Owner LP
Grant Deed
—
Feb 16, 2024
—
Bre Jupiter C2 East Ca Owner LP
Western B Northwest Ca LLC
Grant Deed
—
Oct 7, 2019
—
Western B Northwest Ca LLC
—
Deed
related
—
Mar 24, 2016
—
Western B Northwest Ca LLC
Iit South San Francisco Dc II
Grant Deed
—
May 24, 2013
$9,950,000
Iit South San Francisco Dc II
Kelly & Tony Investment Co LLC
Grant Deed
—
Apr 16, 2009
—
Kelly & Tony Investment Co LLC
Kelly & Tony Investment Co LLC
Quit Claim Deed
related
$2,000,000 · United Commercial Bank
Oct 21, 2005
$6,140,000
Kelly & Tony Investment Co
1200 San Mateo Avenue LLC
Grant Deed
$4,350,000 · Cathay Bank
Jun 4, 2004
—
1200 San Mateo Avenue LLC
—
Trustees Deed
related
$17,145,000 · United Commercial Bank
Dec 5, 2003
—
1200 San Mateo Avenue LLC
San Mateo Business Center LLC
Quit Claim Deed
related
$2,470,000 · United Commercial Bank
May 27, 1998
—
San Mateo Business Center LLC
Berguig,serge & Maud
Quit Claim Deed
related
$3,630,000 · Fremont Investment & Loan
May 27, 1998
$212,500
Waldman Trust
550 Ofarrell Street Partners
Trustees Deed
—
May 27, 1998
$515,000
Waldman Trust
Waldman,michael
Trustees Deed
related
—
Aug 29, 1994
—
Serge Berguig
Mccarthy Trust
Deed Of Trust
related
$2,443,657 · Pacific National Bank
—
—
1200 San Mateo Avenue LLC
—
Deed Of Trust
related
$1,168,400 · United Commercial Bank
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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