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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Office buildings
126 2nd Ave San Mateo, CA 94401-3802
Individually Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2042144
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1925
Total area
5,476 SF
Lot
0.14 ac (5,975 SF)
Zoning code
CB000D
APN
034-142-050
UPID
US09-2042144
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
-
San Mateo Counseling Family Counselor
-
Sonia Velasquez, MFT Physician
-
GS Futures Venture Capital Company
-
AMS Capitol Business Management Consultant
-
Briner's Cleaning Services Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
Farsad Sepideh Y Tr · 15 yrs held
Farsad Sepideh Y Tr
since 2010
7 recorded transactions
Zoning & alternative use
CB000D · San Mateo, 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 San Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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
$226 / 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
$30,689
Tax year 2024
Assessed value
$2,342,301
Assessed 2024
Previous assessed
$2,342,301
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$818,701
Assessed improvement
$1,523,600
Applied tax rate
12.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1925
Heating
NONE
Stories
2
Total area
5,476 SF
Lot
0.14 ac (5,975 SF)
Zoning code
CB000D
APN
034-142-050
UPID
US09-2042144
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CB000D · San Mateo, CA
Zoning CB000D · permitted uses
CB000D · San Mateo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Mateo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Farsad Sepideh Y Tr
Individual
Free & Clear · 15 yrs held
Mailing address
335 EL PORTAL AVE, HILLSBOROUGH, CA 94010-6882
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2020
—
126-2nd Avenue LLC
—
Deed
related
$2,525,000 · Avidbank
Mar 7, 2019
—
126-2nd Avenue LLC
—
Trustees Deed
related
$2,868,000 · Avidbank
Jul 21, 2010
—
Farsad Sepideh Y Tr
Farsad,sepideh Y
Quit Claim Deed
—
Jul 13, 2010
—
Sam Y Farsad
Farsad Sam Y & Sarah Y
Quit Claim Deed
related
—
Oct 23, 2009
—
Sam Y Farsad
Farsad,jamshid Y & Behjat K
Affidavit Of Death
related
—
Jun 14, 1995
—
Jamshid Y Farsad Trustee
Farsad,jamshid Y & Behjat K
Quit Claim Deed
related
—
Jun 8, 1989
$300,000
Jamshid F Farsad
Secretary Of The
Grant Deed
—
—
—
Cotch
—
Deed Of Trust
related
$300,000 · Burlingame Bank & Trust Co
—
—
126-2nd Avenue LLC
—
Deed Of Trust
related
$2,525,000 · Avidbank
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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