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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Retail space
1218 Burlingame Ave Burlingame, CA 94010-4128
Entity Owned
31-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2005927
Property summary
AI-generated overview
This exceptional retail property, located at 1218 & 1230 Burlingame Avenue in Burlingame, California, offers a total of 15,000 square feet of commercial space. Currently, the entire building is available for lease, presenting a unique opportunity for a single tenant or multiple tenants. The property consists of two suites, with a minimum divisible space of 5,000 square feet and a maximum contiguous space of 15,000 square feet, providing flexibility for various business needs. Situated in San Mateo County, with a zip code of 94010, this location benefits from high visibility and accessibility. The property's address is 1218 & 1230 Burlingame Ave, Burlingame, CA. This is an ideal opportunity for businesses seeking a prominent presence in a thriving California market. The entire 15,000 square feet is currently vacant, allowing for complete customization to suit a tenant's specific requirements. This prime retail space is ready for immediate occupancy. Contact us today to learn more about leasing this exceptional property.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Total area
16,380 SF
Lot
0.63 ac (27,422 SF)
Zoning code
C10000
APN
029-152-320
UPID
US09-2005927
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.75M
Owner & transaction history
Hammer I LLC · 31 yrs held
Hammer I LLC
since 1995
4 recorded transactions
Zoning & alternative use
C10000 · Burlingame, 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 Burlingame submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlingame 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$229 / 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
$92,056
Tax year 2024
Assessed value
$6,954,552
Assessed 2024
Previous assessed
$6,954,552
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$3,705,275
Assessed improvement
$3,249,277
Applied tax rate
4.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1996
Heating
NONE
Stories
1
Total area
16,380 SF
Lot
0.63 ac (27,422 SF)
Zoning code
C10000
APN
029-152-320
UPID
US09-2005927
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C10000 · Burlingame, CA
Zoning C10000 · permitted uses
C10000 · Burlingame, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlingame. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Hammer I LLC
Entity
Mailing address
18802 BARDEEN AVE, IRVINE, CA 92612-1521
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 1995
—
Hammer I LLC
—
Grant Deed
related
$3,750,000 · Wells Fargo Bank
Apr 28, 1995
$2,250,000
Hammer I LLC
Chen,kuo Y & Wang S
Grant Deed
—
Jul 15, 1988
$3,700,000
Kuo&ro Chen
Kimmel,david&rob
Grant Deed
—
—
—
Hammer I LLC
—
Deed Of Trust
related
$3,750,000 · Citicorp Real Estate
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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