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Property profile & analytics
OFF-MARKET
Estimated value
$4,585,000
Super regional malls
1297 Chess Dr, Foster City, CA 94404-1363
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1284234
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2017
Total area
11,920 SF
Lot
1.53 ac (66,495 SF)
Zoning code
CM0000
APN
094-901-350
UPID
US09-1284234
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
$5.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.59M
Owner & transaction history
Chess Corner Restaurant Group · 8 yrs held
Chess Corner Restaurant Group
since 2017
7 recorded transactions
Zoning & alternative use
CM0000 · Foster 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 Foster City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Foster 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,435,000
6.5%
$5,020,000
7%
$4,660,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,435,000
Current use
RETAIL STORES
$5,775,000
Change: -10% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,510,000
Change: -14% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,415,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.59M
Range $4.13M – $5.04M · ±10%
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
$385 / 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
$152,201
Tax year 2024
Assessed value
$13,163,120
Assessed 2024
Previous assessed
$13,163,120
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$7,697,079
Assessed improvement
$5,466,041
Applied tax rate
20.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2017
Heating
NONE
Stories
1
Total area
11,920 SF
Lot
1.53 ac (66,495 SF)
Zoning code
CM0000
APN
094-901-350
UPID
US09-1284234
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CM0000 · Foster City, CA
Zoning CM0000 · permitted uses
CM0000 · Foster City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Foster City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.4M
RETAIL STORES
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
2017
Heating
NONE
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Chess Corner Restaurant Group
Entity
Mailing address
1221 CHESS DR, FOSTER CITY, CA 94404-1173
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Oct 13, 2017
—
Chess Corner Restaurant Group
1297 Restaurant Group INC
Grant Deed
related
$6,500,000 · Thrivent Fin'l/lutherans
Sep 28, 2017
—
Chess Corner Restaurant Group
1297 Restaurant Group INC
Quit Claim Deed
—
Apr 15, 2014
$4,075,000
1297 Restaurant Group INC
Kramer,larry & Sharon
Grant Deed
—
Nov 19, 1996
—
Larry Kramer
Steak & Ale Of Ca
Grant Deed
related
—
—
—
Larry Kramer
—
Deed Of Trust
related
$1,000,000 · Borel Bank & Trust
—
—
Chess Corner Restaurant Group
—
Deed Of Trust
related
$6,500,000 · Thrivent Fin'l/lutherans
—
—
Larry L Kramer
—
Deed Of Trust
related
$825,000 · Standard Insurance Co
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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