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Property profile & analytics
OFF-MARKET
Estimated value
$44,180,000
Apartment buildings
1212 Whipple Ave Redwood City, CA 94062-1556
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3169769
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
56,595 SF
Lot
1.05 ac (45,921 SF)
APN
052-082-450
UPID
US10-3169769
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
-
Dragonfly Innovations, LLC Industrial Manufacturer Production Facility
-
Buzz Electricians Electrical Service General Contractor
-
DoualaZoom! Car Dealership
-
Sofi Redwood Park Apartment Rental Agency Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$44.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$28.82M
Blend (final)
Blend
$44.18M
Owner & transaction history
Sff 3 LLC · 1 yrs held
Sff 3 LLC
since 2024
Last sale
$44.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$38.6M
+91.0%
Restaurant
$38.3M
+89.5%
Neighborhood: shopping center
$30.5M
+51.3%
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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City 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
$44,180,000
ML approach
$44,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$38,555,000
Change: +91% · Conversion: Moderate
RESTAURANT
$38,270,000
Change: +90% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$30,540,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$44.18M
Range $39.76M – $48.60M · ±10% · vs last sale $44.18M (Dec 6 2024)
Last sale anchor
$44.18M
Dec 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
$781 / 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
$346,555
Tax year 2024
Assessed value
$31,387,642
Assessed 2024
Previous assessed
$31,387,642
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$22,091,651
Assessed improvement
$9,295,991
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Heating
CENTRAL
Stories
3
Units
66
Rooms
21
Bathrooms
8
Total area
56,595 SF
Lot
1.05 ac (45,921 SF)
APN
052-082-450
UPID
US10-3169769
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
OFFICE BUILDING
Est. value
$38.6M
RESTAURANT
Est. value
$38.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.5M
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1962
Heating
CENTRAL
Stories
3
Units
66
Rooms
21
Bathrooms
8
Lot
1.05 ac
Current owner
From public records · entity-resolved
Sff 3 LLC
Entity
Mailing address
777 CALIFORNIA AVE, PALO ALTO, CA 94304-1179
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
37 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
$44,180,000
Sff 3 LLC
Pmi Sequoia LLC
Grant Deed
—
May 15, 2019
—
Pmi Sequoia LLC
—
Deed
related
$17,500,000 · Miscellaneous Ins Co
May 1, 2019
$50,100,000
Pmi Sequoia LLC
Wip Sequoia Apartments LP
Grant Deed
—
Dec 31, 2014
—
Wip Sequoia Apartments LP
Pur Sequoia Apartments LLC
Grant Deed
—
Jun 19, 2012
$26,400,000
Pur Sequoia Apartments LLC
Sequoia Wellesley Associates LP
Grant Deed
$19,000,000 · Berkadia Commercial Mortgage LLC
Feb 27, 2012
—
Sequioa Wellesley Assocs LP
Sequoia Wellesley Assocs LP
Quit Claim Deed
related
—
Sep 7, 2007
—
Court Phase Ll Santee II
Sequoia Apartments
Quit Claim Deed
related
—
Aug 30, 2007
—
Sequoia Wellesley Assocs
Santee Court Phase II Owner
Grant Deed
$17,250,000 · First Republic Bank
Aug 1, 2007
$4,339,000
Hi Desert Mobile Home Park
Santee Court Ph II Owner LLC
Grant Deed
—
May 17, 2006
$5,211,500
Court Phase Santee II
Sequoia Apartments
Grant Deed
—
Oct 24, 2003
—
Sequoia Apts
Fre Ninety-two LLC
Grant Deed
related
—
Mar 5, 2003
—
Fre Ninety Two LLC
Rogers,tr
Grant Deed
related
$6,180,000 · Arcs Commercial Mortgage Co LP
May 18, 2000
—
Rogers Trust
Rogers,craig D & Barbara
Quit Claim Deed
related
—
Oct 27, 1999
—
Pensco Pesion Services INC Tte
Piedemonte Trust
Grant Deed
related
—
Sep 23, 1999
$250,000
Piedemonte Trust
Abrams,janet A
Trustees Deed
—
Jan 20, 1998
—
Piedemonte Trust
Piedemonte,william J & Diane
Quit Claim Deed
related
—
Jun 6, 1997
—
Ford Trust
Ford,barry A & Patricia A
Quit Claim Deed
related
—
Apr 4, 1997
—
Ford Trust
Ford,william S & Laura E
Quit Claim Deed
related
—
Feb 7, 1997
—
Ford Trust
Ford,barry A & Patricia A
Quit Claim Deed
related
—
Jan 28, 1997
—
Piedemonte Trust
Piedemonte,william J & Diane
Quit Claim Deed
related
—
Jan 21, 1997
—
Carrie A Ridge
Ridge,bret D
Quit Claim Deed
related
—
Nov 26, 1996
—
Droter Trust
Droter,yolanda G
Quit Claim Deed
related
—
Sep 25, 1996
—
Abrams,michelle L
Sheldon,john W
Trustees Deed
related
—
Aug 31, 1994
—
Michelle L Sheldon
Sheldon,john
Quit Claim Deed
related
$2,900,000 · Bay View Federal Bank
May 19, 1994
$40,000
William J Piedemonte
Janet A Abrams I
Grant Deed
—
Mar 24, 1994
—
Carrie V Abrams
Hal Abrams #ab-0
Quit Claim Deed
related
—
Mar 17, 1994
—
Michelle L Abrams
Hal Abrams #ab-0
Quit Claim Deed
related
—
Aug 10, 1993
—
Pensco Pension Services
Lincoln Trust Co
Quit Claim Deed
related
—
Sep 24, 1992
—
Yolanda Droter
Rogers,c.&b.
Grant Deed
related
—
May 3, 1991
$250,000
Willi Piedemonte
Rogers,c./rogers
Grant Deed
related
—
Jan 26, 1990
$475,000
Willi Piedemonte
Rogers,c./rogers
Grant Deed
related
—
Jun 2, 1989
$4,676,000
Craig Rogers
Borel Bank & Tru
Grant Deed
$3,400,000 · California Federal Bank
—
—
Craig D Rodgers
—
Deed Of Trust
related
$5,000,000 · La Jolla Savings Bank
—
—
William J Piedemonte
—
Deed Of Trust
related
$110,738 · Redwood City (ca)
—
—
Rogers C. /for
—
Deed Of Trust
related
$35,000 · Individual
—
—
Hal Abrams Marke
—
Deed Of Trust
related
$80,000 · Individual
—
—
Pmi Sequoia LLC
—
Deed Of Trust
related
$17,500,000 · Miscellaneous Ins Co
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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