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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Hotels
1299 Chess Dr Foster City, CA 94404-1144
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1518767
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Construction
WOOD
Total area
74,265 SF
Lot
1.7 ac (73,867 SF)
Zoning code
CM0000
APN
094-901-360
UPID
US09-1518767
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
by Request
Blend (final)
Blend
$1.74M
Owner & transaction history
Foster City Hotel Group LLC · 8 yrs held
Foster City Hotel Group LLC
since 2017
7 recorded transactions
Zoning & alternative use
CM0000 · Foster City, CA
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,035,000
Current use
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±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
$23 / 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
$297,026
Tax year 2024
Assessed value
$25,733,128
Assessed 2024
Previous assessed
$25,733,128
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$3,632,709
Assessed improvement
$22,100,419
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 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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
NONE
Stories
5
Rooms
121
Total area
74,265 SF
Lot
1.7 ac (73,867 SF)
Zoning code
CM0000
APN
094-901-360
UPID
US09-1518767
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CM0000 · Foster City, CAZoning 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
Source
CDD/Zoning (FeatureServer)
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.0M
HOTEL/MOTEL Current
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
Construction
WOOD
Heating
NONE
Stories
5
Rooms
121
Lot
1.7 ac
Current owner
From public records · entity-resolved
Foster City Hotel Group LLC
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2019
—
Foster City Hotel Group LLC
—
Deed
related
$12,000,000 · Thrivent Fin'l/lutherans
Oct 3, 2017
—
Foster City Hotel Group LLC
Fulwell International Grp INC
Quit Claim Deed
related
$12,000,000 · Thrivent Fin'l/lutherans
Sep 28, 2017
—
Foster City Hotel Group LLC
Fullwel International Grp INC
Quit Claim Deed
—
May 4, 2012
$4,050,000
Fullwel Intl Group INC
Foster City Hotels INC
Grant Deed
—
Sep 30, 2011
—
Mccloskey Family Trust
Mccloskey Family Trust
Quit Claim Deed
related
—
Sep 30, 2011
$298,500
Foster City Hotels INC
Sebanc Family Trust
Grant Deed
$2,800,000 · First American Exchange Corp
Jan 25, 2008
—
Kenneth D Mccloskey
Kenneth D Mccloskey
Intrafamily Transfer
related
$2,800,000 · Peninsula Bank Of Commerce
Jun 13, 2002
—
Sebanc Trust
Sebanc,allan A & Beverly M
Quit Claim Deed
related
—
Aug 29, 1997
—
Allan A Sebanc
Arg Properties I LLC
Grant Deed
$1,400,000 · Standard Insurance Co
Sep 19, 1996
$2,040,500
Arg Properties I LLC
Arg Property Management Corp
Grant Deed
related
$30,600,000 · Cs First Boston Mortgage Capit
—
—
Foster City Hotel Group LLC
—
Loan Modification
related
$12,000,000 · Thrivent Fin'l/lutherans
—
—
Arg Enterprises INC
—
Deed Of Trust
related
—
—
—
Foster City Hotel Group LLC
—
Deed Of Trust
related
$12,000,000 · Thrivent Fin'l/lutherans
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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