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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Investment properties
1407 B St San Mateo, CA 94402-2433
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1518267
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1941
Total area
1,830 SF
Lot
0.09 ac (4,043 SF)
Zoning code
R40000
APN
034-293-180
UPID
US09-1518267
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
-
William Bruce Codding Alternative Medicine Practice
-
Peninsula Healing Place Alternative Medicine Practice
-
Harman Chiropractic Center Alternative Medicine Practice
-
Wilkinson Construction Inc Construction Company General Contractor
-
Cassandra Mason Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$570k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
3x LLC · 8 yrs held
3x LLC
since 2017
7 recorded transactions
Zoning & alternative use
R40000 · San Mateo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$885,000
+4.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$845,000
Current use
RETAIL STORES
$885,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$830,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$700,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
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
$303 / 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
$13,943
Tax year 2024
Assessed value
$1,115,514
Assessed 2024
Previous assessed
$1,115,514
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$948,189
Assessed improvement
$167,325
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 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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1941
Heating
NONE
Stories
1
Total area
1,830 SF
Lot
0.09 ac (4,043 SF)
Zoning code
R40000
APN
034-293-180
UPID
US09-1518267
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R40000 · San Mateo, CA
Zoning R40000 · permitted uses
R40000 · San Mateo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Mateo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$845,000
RETAIL STORES
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$700,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1941
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
3x LLC
Entity
Mailing address
206 14TH AVE, SAN MATEO, CA 94402-2428
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Aug 31, 2020
—
Among 3x LLC
—
Deed
related
$300,000 · Heritage Bank Of Commerce
Sep 7, 2017
$1,000,000
3x LLC
Lazear,susan E & Robert W
Grant Deed
$809,400 · Susan E Lazear
Sep 7, 2017
—
Susan E Lazear
Lazear,susan M E
Quit Claim Deed
related
—
Jul 27, 2009
—
Susan M E Lazear
Engman,harold E
Affidavit Of Death
related
—
Feb 24, 2009
—
Susan M E Lazear
Engman,harold E
Affidavit Of Death
related
—
Nov 26, 2008
—
Engman Harold E Living Trust
Lazear Susan M E
Grant Deed
related
—
Feb 24, 2006
—
Engman Harold E Tr
Engman Harold E
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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