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Property profile & analytics
OFF-MARKET
Estimated value
$5,480,000
Warehouses
1335 Rollins Rd Burlingame, CA 94010-2409
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2263327
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
10,026 SF
Lot
0.38 ac (16,384 SF)
Zoning code
M10000
APN
026-132-070
UPID
US09-2263327
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
-
A Fresh Event Event Planning Wedding Service
-
European Motor Sport Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.77M
Blend (final)
Blend
$5.48M
Owner & transaction history
Richard Freschet · 2 yrs held
Richard Freschet
since 2023
Last sale
$5.8M
3 recorded transactions
Zoning & alternative use
M10000 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.8M
+94.9%
Office building
$6.4M
+84.9%
Neighborhood: shopping center
$5.4M
+55.5%
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
$5,480,000
ML approach
$5,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,480,000
Current use
RESTAURANT
$6,780,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$6,430,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,410,000
Change: +56% · Conversion: Moderate
RETAIL STORES
$5,100,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,635,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,555,000
Change: +31% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,805,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$5.48M
Range $4.93M – $6.03M · ±10% · vs last sale $5.80M (Oct 31 2023)
Last sale anchor
$5.80M
Oct 31 2023
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
$547 / 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
$65,876
Tax year 2024
Assessed value
$5,800,000
Assessed 2024
Previous assessed
$5,800,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$4,550,000
Assessed improvement
$1,250,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Total area
10,026 SF
Lot
0.38 ac (16,384 SF)
Zoning code
M10000
APN
026-132-070
UPID
US09-2263327
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M10000 · Burlingame, CAZoning M10000 · permitted uses
M10000 · Burlingame, CA
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
WAREHOUSE, STORAGE Current
Est. value
$3.5M
RESTAURANT
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
RETAIL STORES
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
0.38 ac
Current owner
From public records · entity-resolved
Richard Freschet
Individual
Mailing address
1335 ROLLINS RD, BURLINGAME, CA 94010-2409
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$5,800,000
Richard Freschet
Richard E Johnston
Grant Deed
$4,800,000 · Ricard Johnston
Oct 31, 2023
—
Richard Luigi Freschet
Richard Freschet
Intrafamily Transfer
related
—
Mar 3, 2000
$1,000,000
Johnston Trust
Cardanini,arcangelo & Joan A
Grant Deed
$500,000 · Capitol Exchange Group INC
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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