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Property profile & analytics
OFF-MARKET
Estimated value
$18,525,000
Warehouses
1221 Palmetto Ave, Pacifica, CA 94044-2220
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1513677
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
57,212 SF
Lot
1.05 ac (45,635 SF)
Zoning code
C30000
APN
009-244-080
UPID
US09-1513677
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
$18.14M
Blend (final)
Blend
$18.53M
Owner & transaction history
Scg Pac LLC · 3 yrs held
Scg Pac LLC
since 2023
Last sale
$19.0M
7 recorded transactions
Zoning & alternative use
C30000 · Pacifica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$30.9M
+41.0%
Retail stores
$29.1M
+32.9%
Commercial (general)
$26.4M
+20.8%
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 Pacifica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacifica 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
$17,960,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,890,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$30,875,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$29,095,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$26,440,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$25,990,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$21,155,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$18.53M
Range $16.67M – $20.38M · ±10% · vs last sale $19.00M (May 18 2023)
Last sale anchor
$19.00M
May 18 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
$324 / 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
$199,818
Tax year 2024
Assessed value
$16,881,000
Assessed 2024
Previous assessed
$16,881,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$7,089,000
Assessed improvement
$9,792,000
Applied tax rate
16.0000
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
2000
Heating
NONE
Total area
57,212 SF
Lot
1.05 ac (45,635 SF)
Zoning code
C30000
APN
009-244-080
UPID
US09-1513677
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C30000 · Pacifica, CA
Zoning C30000 · permitted uses
C30000 · Pacifica, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pacifica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$21.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.9M
RETAIL STORES
Est. value
$29.1M
COMMERCIAL (GENERAL)
Est. value
$26.4M
AUTO REPAIR, GARAGE
Est. value
$26.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.2M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2000
Heating
NONE
Lot
1.05 ac
Current owner
From public records · entity-resolved
Scg Pac LLC
Entity
Mailing address
319 STATE ST, LOS ALTOS, CA 94022-2816
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
May 18, 2023
$19,000,000
Scg Pac LLC
Paul D Tyson
Grant Deed
$12,000,000 · Paul Tyson
Feb 1, 2021
—
Lighthouse Point Partners
—
Deed
related
$1,000,000 · Tyson Family Trust
Dec 22, 2011
—
Tyson Family Trust
Tyson,paul D & Joann
Quit Claim Deed
related
—
Apr 29, 1999
—
Paul D Tyson
—
Grant Deed
related
$2,000,000 · Bay Area Bank
Sep 1, 1998
$500,000
Paul D Tyson
Grindrod,ronald E & Hanni
Grant Deed
$225,000 · Individual
—
—
Paul D Tyson
—
Deed Of Trust
related
$2,100,000 · Bay Area Bank
—
—
Paul D Tyson
—
Deed Of Trust
related
$1,700,000 · United American 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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