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Property profile & analytics
OFF-MARKET
Estimated value
$4,175,000
Manufacturing properties
1327 Carolan Ave Burlingame, CA 94010-2423
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0024230
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Total area
15,039 SF
Lot
0.64 ac (27,941 SF)
Zoning code
M10000
APN
026-121-090
UPID
US09-0024230
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
-
Olde English Garage Auto Repair Shop
-
Brayer Construction & Design Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.02M
Blend (final)
Blend
$4.18M
Owner & transaction history
Brayer LLC · 21 yrs held
Brayer LLC
since 2005
6 recorded transactions
Zoning & alternative use
M10000 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.0M
+41.2%
Auto repair, garage
$6.8M
+38.8%
Apartment house (5+ units)
$5.7M
+15.9%
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 Burlingame submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlingame 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
INDUSTRIAL (GENERAL)
$4,920,000
Current use
COMMERCIAL (GENERAL)
$6,950,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,830,000
Change: +39% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,705,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$4.18M
Range $3.76M – $4.59M · ±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
$278 / 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
$34,203
Tax year 2024
Assessed value
$2,910,814
Assessed 2024
Previous assessed
$2,910,814
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,692,168
Assessed improvement
$218,646
Applied tax rate
4.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Total area
15,039 SF
Lot
0.64 ac (27,941 SF)
Zoning code
M10000
APN
026-121-090
UPID
US09-0024230
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M10000 · Burlingame, CA
Zoning M10000 · permitted uses
M10000 · Burlingame, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlingame. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
Heating
NONE
Lot
0.64 ac
Current owner
From public records · entity-resolved
Brayer LLC
Entity
Free & Clear · 21 yrs held
Mailing address
533 AIRPORT BLVD STE #130, BURLINGAME, CA 94010-2066
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2005
—
Brayer LLC
Brayer Ptshp
Quit Claim Deed
—
Jan 31, 2005
$2,130,000
Ptshp Brayer
Olson,norman J
Grant Deed
$554,000 · Bank Of America
Jun 17, 1996
$55,000
Norman J Olson
Sprock,dale W
Grant Deed
—
Sep 1, 1988
$208,000
Dale Sprock
Olson,n.
Grant Deed
—
May 6, 1988
$935,000
Norman Olson
Schne
Grant Deed
$700,000 · American Savings Bank
—
—
Carolan LLC
—
Deed Of Trust
related
$355,000 · Bank Of The West
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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