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Property profile & analytics
FOR LEASE
Warehouses
1360 Bayport Ave San Carlos, CA 94070
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0667587
For Lease
1 / 3
$11,165,000
1360 Bayport Ave, San Carlos, CA 94070
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
19,074 SF
Lot
1 ac (43,343 SF)
Zoning code
PM0002
APN
046-191-080
UPID
US09-0667587
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
$10.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.54M
Blend (final)
Blend
$11.17M
Owner & transaction history
Lift III Howard St LLC · 1 yrs held
Lift III Howard St LLC
since 2025
Last sale
$12.1M
7 recorded transactions
Zoning & alternative use
PM0002 · San Carlos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$14.1M
+143.7%
Restaurant
$12.9M
+122.6%
Office building
$12.2M
+111.2%
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 San Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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
$11,870,000
ML approach
$10,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$14,125,000
Change: +144% · Conversion: Moderate
RESTAURANT
$12,895,000
Change: +123% · Conversion: Difficult
OFFICE BUILDING
$12,235,000
Change: +111% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,295,000
Change: +78% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,815,000
Change: +52% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,685,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,665,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$11.17M
Range $10.05M – $12.28M · ±10% · vs last sale $12.13M (May 16 2025)
Last sale anchor
$12.13M
May 16 2025
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
$585 / 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
$179,180
Tax year 2024
Assessed value
$15,658,020
Assessed 2024
Previous assessed
$15,658,020
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$14,773,680
Assessed improvement
$884,340
Applied tax rate
11.0000
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
For Lease
Heating
NONE
Stories
1
Total area
19,074 SF
Lot
1 ac (43,343 SF)
Zoning code
PM0002
APN
046-191-080
UPID
US09-0667587
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
PM0002 · San Carlos, CA
Zoning PM0002 · permitted uses
PM0002 · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Carlos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$14.1M
RESTAURANT
Est. value
$12.9M
OFFICE BUILDING
Est. value
$12.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.3M
COMMERCIAL (GENERAL)
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$8.7M
RETAIL STORES
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
Heating
NONE
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Lift III Howard St LLC
Entity
Mailing address
801 HAMILTON ST, REDWOOD CITY, CA 94063-1652
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2025
—
Lift III Howard St LLC
—
Deed
related
$27,000,000 · Crxi Smbc Seller LLC
May 16, 2025
$12,130,000
Lift III Howard St LLC
1021 Howard Owner LLC
Grant Deed
—
Feb 27, 2025
—
Pfp 2021 8 Ltd
—
Deed
related
—
Jul 20, 2021
$33,000,000
1021 Howard Owner LLC
Hamilton Investors Bayport LLC
Grant Deed
$22,500 · Prime Finance Short Duration Holdin
Sep 17, 2019
$28,800,000
Hamilton Investors Bayport LLC
San Carlos Technology Park LLC
Trustees Deed
$21,075,000 · Miscellaneous Ins Co
Sep 14, 2018
—
San Carlos Technology Park LLC
—
Deed
related
$13,000,000 · East West Bank
Feb 13, 2018
$20,700,000
San Carlos Technology Park LLC
Mountain Holdings LLC
Grant Deed
—
Sep 12, 2016
—
Black Mountain Holdings LLC
—
Deed
related
$4,100,000 · Wells Fargo Bk
Dec 14, 2012
—
Venture Partners LP Snow
Snow Ronald E Trust
Quit Claim Deed
—
Dec 20, 2010
—
Snow Ronald E Trust
—
Deed Of Trust
related
$5,000,000 · Bank Of America
Nov 15, 2000
$541,000
Snow Trust
Hurd Trust
Trustees Deed
—
Nov 15, 2000
$1,082,000
Snow Trust
Hurd & Snow Enterprises
Trustees Deed
related
$9,400,000 · Bank Of America
Jun 8, 1998
$646,500
Hurd & Snow Enterprises
Independent Electric Supply
Grant Deed
—
—
—
Venture Partners LP Snow
—
Deed Of Trust
related
$2,475,000 · Bank Of America
—
—
Black Mountain Holdings LLC
—
Loan Modification
related
$4,100,000 · Wells Fargo Bk
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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