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Property profile & analytics
FOR LEASE
Parking lots & garages
1235 Radio Rd Redwood City, CA 94065
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1397919
For Lease
1 / 3
$28,195,000
1235 Radio Rd, Redwood City, CA 94065
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2001
Total area
44,500 SF
Lot
1.59 ac (69,251 SF)
Zoning code
CG0000
APN
095-441-040
UPID
US09-1397919
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
-
Reach Fitness Corporate Office
-
Ashvattha Therapeutics Corporate Office
-
BIOCENTURY Corporate Office
-
Inspyrus - A MineralTree Company Corporate Office
-
Inspyrus (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.20M
Owner & transaction history
Gi Ets Redwood City LLC · 5 yrs held
Gi Ets Redwood City LLC
since 2021
Last sale
$30.1M
7 recorded transactions
Zoning & alternative use
CG0000 · Redwood City, 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 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
$24,385,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$28.20M
Range $25.38M – $31.01M · ±10% · vs last sale $30.10M (Apr 30 2021)
Last sale anchor
$30.10M
Apr 30 2021
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
$634 / 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
$89,584
Tax year 2024
Assessed value
$7,534,576
Assessed 2024
Previous assessed
$7,534,576
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$7,534,576
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 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
Parking lots & garages
Use group
PARKING LOT
Status
For Lease
Year built
2001
Heating
NONE
Stories
2
Total area
44,500 SF
Lot
1.59 ac (69,251 SF)
Zoning code
CG0000
APN
095-441-040
UPID
US09-1397919
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CG0000 · Redwood City, CAZoning CG0000 · permitted uses
CG0000 · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
2
Lot
1.59 ac
Current owner
From public records · entity-resolved
Gi Ets Redwood City LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4 EMBARCADERO CTRSUI, SAN FRANCISCO, CA 94111-4106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
$30,100,000
Gi Ets Redwood City LLC
Tpars Office Owner LLC
Grant Deed
—
Mar 16, 2018
$21,000,000
Tpars Office Owner LLC
Kw Redwood Shores LLC
Trustees Deed
$18,120,000 · Vmc Lender LLC
Mar 16, 2018
—
Kw Redwood Shores LLC
Fully Alive Community Church
Quit Claim Deed
related
—
Dec 2, 2010
$7,480,500
Ag Of Premia Redwood Shores LLC
Fucmt 2000-c2 Radio Road LP
Grant Deed
—
Jul 20, 2010
$13,564,000
Fucmt 2000-c2 Radio Road LP
First American Title Ins
Trustees Deed
related
—
Aug 2, 2000
—
Pointe LLC
—
Deed Of Trust
related
$23,000,000 · First Union National Bank
Jun 21, 2000
—
Pointe LLC
—
Grant Deed
related
$4,297,985 · First National Bank North Cali
Jun 28, 1999
—
Pointe LLC
Pacific Bell
Quit Claim Deed
related
—
Feb 26, 1999
—
Pointe LLC
—
Grant Deed
related
$13,702,015 · First National Bank Northern
Apr 21, 1998
—
Pointe LLC
Kendall,mark E
Grant Deed
$2,750,000 · Owens Financial Group INC
—
—
Redwood Shores LLC
—
Deed Of Trust
related
$14,949,000 · California Bank & Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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