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Property profile & analytics
OFF-MARKET
Estimated value
$73,285,000
Manufacturing properties
1400 Fashion Is Blvd San Mateo, CA 94404-2060
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5619649
Property profile
Verified
Property type
Manufacturing properties
Use group
CANNERY
Year built
1986
Total area
177,000 SF
Lot
6.24 ac (271,902 SF)
APN
035-440-720
UPID
US09-5619649
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
-
AIG Financial network comany- Rupali Desai Insurance Agency
-
Apttus (Bike/Boat/Book/etc) Store Corporate Office
-
Guardian Edge Technologies Inc Medical Clinic
-
Careerbuilder Business Service Center Employment Agency
-
Trilogy Financial Services Inc Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$73.29M
Owner & transaction history
Bp3 Sf8 1400 Fl LLC · 4 yrs held
Bp3 Sf8 1400 Fl LLC
since 2021
Last sale
$72.3M
7 recorded transactions
Zoning & alternative use
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 San Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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
$75,350,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$73.29M
Range $65.96M – $80.61M · ±10% · vs last sale $72.25M (Oct 20 2021)
Last sale anchor
$72.25M
Oct 20 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
$414 / 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
$2,169,970
Tax year 2024
Assessed value
$191,227,200
Assessed 2024
Previous assessed
$191,227,200
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$74,908,800
Assessed improvement
$116,318,400
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Manufacturing properties
Use group
CANNERY
Status
Off-Market
Year built
1986
Heating
NONE
Stories
10
Total area
177,000 SF
Lot
6.24 ac (271,902 SF)
APN
035-440-720
UPID
US09-5619649
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
10
Lot
6.24 ac
Current owner
From public records · entity-resolved
Bp3 Sf8 1400 Fl LLC
Entity
Mailing address
4380 LA JOLLA VLG DR STE #230, SAN DIEGO, CA 92122-1200
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2021
$72,250,000
Bp3 Sf8 1400 Fl LLC
Fashion Island Owner LLC
Grant Deed
$112,730,000 · Kreocs Lending I LLC
Sep 12, 2016
$142,000,000
Fashion Island Owner LLC
Century Centre Investors LLC
Grant Deed
related
$85,000,000 · Bank Of America
Mar 18, 2016
—
Century Centre Investors LLC
Century Centre Investors LLC
Quit Claim Deed
related
—
Apr 2, 2014
—
Century Centre Investors LLC
1400 Fashion Island LLC
Trustees Deed
related
$57,000,000 · Miscellaneous Ins Co
Dec 27, 2005
—
1400 Fashion Island LLC
Ksf Properties LLC
Grant Deed
$25,300,000 · Goldman Sachs Commercial Mtg Capita
Aug 1, 2005
$42,000,000
Ksf Properties LLC
Century Centre II LLC
Grant Deed
—
—
—
Century Centre Investors LLC
—
Loan Modification
related
$59,350,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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