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Property profile & analytics
OFF-MARKET
Estimated value
$3,335,000
Retail space
128 Cedar St Redwood City, CA 94063-2104
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2397364
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1926
Total area
5,346 SF
Lot
0.15 ac (6,448 SF)
APN
053-188-010
UPID
US09-2397364
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
$3.25M
CAP Approach
CAP
$2.10M
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$3.34M
Owner & transaction history
Iqhq 128 Cedar LP · 4 yrs held
Iqhq 128 Cedar LP
since 2022
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+57.5%
Restaurant
$3.6M
+56.4%
Neighborhood: shopping center
$2.9M
+24.8%
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 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
$3,520,000
ML approach
$3,245,000
CAP Approach
CAP Return
Estimation
6%
$2,275,000
6.5%
$2,100,000
7%
$1,950,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,310,000
Current use
OFFICE BUILDING
$3,640,000
Change: +58% · Conversion: Easy
RESTAURANT
$3,615,000
Change: +56% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,885,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,470,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,430,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$3.34M
Range $3.00M – $3.67M · ±10% · vs last sale $4.10M (Jan 27 2022)
Last sale anchor
$4.10M
Jan 27 2022
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
$624 / 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
$47,192
Tax year 2024
Assessed value
$4,265,640
Assessed 2024
Previous assessed
$4,265,640
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,255,236
Assessed improvement
$10,404
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
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
1926
Heating
NONE
Stories
2
Total area
5,346 SF
Lot
0.15 ac (6,448 SF)
APN
053-188-010
UPID
US09-2397364
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
RETAIL STORES Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$3.6M
RESTAURANT
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1926
Heating
NONE
Stories
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Iqhq 128 Cedar LP
Entity
Mailing address
674 VIA DE LA VALLE STE #206, SOLANA BEACH, CA 92075-3405
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jan 27, 2022
$4,100,000
Iqhq 128 Cedar LP
Demma Family Bypass Trust
Grant Deed
—
Mar 29, 2017
—
Demma Family Trust
Demma J K & T R Trust
Quit Claim Deed
related
—
Jun 17, 1999
—
Demma Trust
Demma,joseph K & Tracey R
Quit Claim Deed
related
—
Sep 18, 1998
—
Eugene Clot
Clot Trust
Quit Claim Deed
related
—
Sep 18, 1998
$400,000
Demma,joseph K & Tracey R
Jackson Trust
Trustees Deed
—
Jun 13, 1995
—
Jackson Trust
Jackson,joan
Quit Claim Deed
related
—
May 19, 1993
—
Salvador&mable,demma Trust
Demma,salvador T
Quit Claim Deed
related
—
Feb 11, 1993
—
Salvador Demma Trustee
Demma,s.
Quit Claim Deed
related
—
—
—
Joseph K Demma
—
Deed Of Trust
related
$60,000 · Demma 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.
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