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Property profile & analytics
OFF-MARKET
Estimated value
$4,420,000
Warehouses
1337 Carolan Ave, Burlingame, CA 94010-2401
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0880205
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Total area
11,649 SF
Lot
0.56 ac (24,484 SF)
Zoning code
M10000
APN
026-121-100
UPID
US09-0880205
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
$3.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.42M
Owner & transaction history
Richard Luigi Freschet · 4 yrs held
Richard Luigi Freschet
since 2022
Last sale
$4.5M
6 recorded transactions
Zoning & alternative use
M10000 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.3M
+55.5%
Retail stores
$5.9M
+46.5%
Commercial (general)
$5.4M
+33.2%
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
$3,320,000
ML approach
$3,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,045,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,285,000
Change: +56% · Conversion: Moderate
RETAIL STORES
$5,925,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,385,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,290,000
Change: +31% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,420,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$4.42M
Range $3.98M – $4.86M · ±10% · vs last sale $4.50M (Apr 13 2022)
Last sale anchor
$4.50M
Apr 13 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
$379 / 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
$56,479
Tax year 2024
Assessed value
$4,921,403
Assessed 2024
Previous assessed
$4,921,403
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$3,882,442
Assessed improvement
$1,038,961
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
Year built
1986
Heating
NONE
Stories
1
Total area
11,649 SF
Lot
0.56 ac (24,484 SF)
Zoning code
M10000
APN
026-121-100
UPID
US09-0880205
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
WAREHOUSE, STORAGE Current
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
RETAIL STORES
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
WAREHOUSE, STORAGE Current
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
Year built
1986
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Richard Luigi Freschet
Individual
Mailing address
1700 INDUSTRIAL RD, SAN CARLOS, CA 94070-4155
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
—
Richard Luigi Freschet
—
Deed
related
$500,000 · First Republic Bank
Apr 13, 2022
—
Richard Luigi Freschet
Richard L Freschet
Intrafamily Transfer
related
—
Nov 24, 2020
—
Richard L Freschet
—
Deed
related
$1,000,000 · First Republic Bank
Apr 12, 2019
—
Ling-hui Lin
Lin,sheng-yuan
Quit Claim Deed
related
—
Apr 12, 2019
$4,500,000
Richard L Freschet
Ho,gann D
Grant Deed
—
Dec 26, 2013
—
Gann D Ho
Lin Stanley
Affidavit Of Death
related
—
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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