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Property profile & analytics
OFF-MARKET
Estimated value
$6,980,000
Super regional malls
1395 El Camino Real, Millbrae, CA 94030-1474
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3001980
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1959
Total area
22,696 SF
Lot
0.61 ac (26,364 SF)
Zoning code
CL00C1
APN
021-278-010
UPID
US10-3001980
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
-
The Little Gym of Millbrae Gym & Fitness Center
-
Tutoring Club of Millbrae Tutoring Service
-
Sherwin-Williams Paint Store Paint Store Paintings Store
-
Kai Shen Wing Chun and Escrima Training Center Sports School
-
Mountain Mike's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.24M
CAP Approach
CAP
$7.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.98M
Owner & transaction history
Shaws Plaza LLC · 4 yrs held
Shaws Plaza LLC
since 2021
Last sale
$6.6M
5 recorded transactions
Zoning & alternative use
CL00C1 · Millbrae, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Millbrae submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbrae 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
$6,915,000
ML approach
$7,235,000
CAP Approach
CAP Return
Estimation
6%
$8,110,000
6.5%
$7,485,000
7%
$6,950,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,540,000
Change: -6% · Conversion: Easy
COMMERCIAL (GENERAL)
$10,490,000
Change: -14% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,310,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$6.98M
Range $6.28M – $7.68M · ±10% · vs last sale $6.63M (Oct 14 2021)
Last sale anchor
$6.63M
Oct 14 2021
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
$308 / 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
$97,487
Tax year 2024
Assessed value
$8,427,239
Assessed 2024
Previous assessed
$8,427,239
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$6,857,276
Assessed improvement
$1,569,963
Applied tax rate
14.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1959
Heating
NONE
Stories
2
Total area
22,696 SF
Lot
0.61 ac (26,364 SF)
Zoning code
CL00C1
APN
021-278-010
UPID
US10-3001980
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C1 · Millbrae, CA
Zoning CL00C1 · permitted uses
CL00C1 · Millbrae, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millbrae. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$11.5M
COMMERCIAL (GENERAL)
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$10.3M
RETAIL STORES
COMMERCIAL (GENERAL)
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
Year built
1959
Heating
NONE
Stories
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
Shaws Plaza LLC
Entity
Mailing address
377 SWIFT AVEA, SOUTH SAN FRANCISCO, CA 94080-6206
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
$6,630,000
Shaws Plaza LLC
Sylvia Shun Yuan Chen
Grant Deed
$6,630,000 · Sylvia Shun Yuan Chen Revocable Tru
Feb 12, 2020
—
Chen,sylvia S Trust
Kuang C & Chen S L/tr
Quit Claim Deed
related
—
Jan 5, 2007
$2,880,000
Chen Cheng K & S Living Trust
Grana Family
Grant Deed
$980,000 · Cathay Bank
Aug 4, 1999
—
Grana Flp
Grana,rudy
Quit Claim Deed
related
—
May 31, 1994
—
Grana Trsut
Grana Trsut
Quit Claim Deed
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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