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1360 Bayport Ave, San Carlos, CA 94070
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Property summary
AI-generated overview
The property is a 20,498-square-foot warehouse facility with an open warehouse area and separate private office spaces. It includes a breakroom with a kitchenette, and natural light is present throughout the interior. The building configuration provides up to six roll-up doors for vehicle access. Site improvements include exterior and interior work that is in progress, and the property has 35 on-site parking spaces. Electrical service is rated at 800 amps at 120/208 volts.
Property profile
Verified
Property type
Other 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
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.54M
Blend (final)
Blend
$11.87M
Owner & transaction history
since 2025
Last sale
$12.1M
7 recorded transactions
Zoning & alternative use
PM0002 · San Carlos, CA
Top alternative use upside
Retail stores
$14.1M
+143.7%
Restaurant
$12.9M
+122.6%
Office building
$12.2M
+111.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.87M
Value range
$10.68M – $13.06M
±10% around blend
Estimated value / SF
$622 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
Income certainty
100
$10.68M
blend $11.87M
$13.06M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,074 SF
Lot area
1 ac
Stories
1
APN
046-191-080
Zoning
PM0002
Assessed value
$15,658,020
Annual tax
$179,180
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$179,180
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$5.54M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.3 mi away · 19,500 SF
11.7 mi away · 18,150 SF
13.7 mi away · 24,144 SF
14.6 mi away · 14,637 SF
15.4 mi away · 22,115 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.87M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 22 sales
$304
+105%
Submarket 22 sales
$304
+105%
County 258 sales
$383
+63%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $622/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+144%
vs current-use indication
Restaurant
Office Building
Neighborhood: Shopping Center
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
8.90%
Selected cap rate for this other warehouses
Derived from the San Carlos market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.90%
9.0%
NOI (est.)
$813k *
Last sale · May 2025
$12.13M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.14M
Move the market yield to see immediate price impact.
Value / SF
$479
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.40%8.90%9.40%
$732k
$8.71M
$8.22M
$7.78M
$813k
$9.68M
$9.14M
$8.65M
$894k
$10.65M
$10.05M
$9.51M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$6.05M
2.8 mi · Dec 2025 · $385/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other 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, CAZoning PM0002 · permitted uses
PM0002 · San Carlos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
1
Lot
1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PM0002
Jurisdiction
San Carlos, CA
Recorded code
PM0002
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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