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Property profile & analytics
OFF-MARKET
Estimated value
$4,405,000
Apartment buildings
1416 Floribunda Ave Burlingame, CA 94010-8106
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-3245336
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Total area
8,344 SF
Lot
0.24 ac (10,464 SF)
APN
029-131-290
UPID
US10-3245336
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
by Request
CAP Approach
CAP
$3.50M
Comparable Approach
Comparable
$4.59M
Blend (final)
Blend
$4.41M
Owner & transaction history
Tadinada Homes LLC · 1 yrs held
Tadinada Homes LLC
since 2025
Last sale
$4.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+78.2%
Office building
$5.4M
+69.1%
Neighborhood: shopping center
$4.5M
+42.2%
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 Burlingame submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlingame 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%
$3,785,000
6.5%
$3,495,000
7%
$3,245,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,165,000
Current use
RESTAURANT
$5,640,000
Change: +78% · Conversion: Difficult
OFFICE BUILDING
$5,350,000
Change: +69% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,505,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$4,245,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,855,000
Change: +22% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,790,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,895,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$4.41M
Range $3.96M – $4.85M · ±10% · vs last sale $4.77M (Dec 17 2024)
Last sale anchor
$4.77M
Dec 17 2024
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
$528 / 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
$65,804
Tax year 2024
Assessed value
$5,823,662
Assessed 2024
Previous assessed
$5,823,662
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,749,832
Assessed improvement
$4,073,830
Applied tax rate
4.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1958
Heating
NONE
Stories
2
Units
9
Rooms
28
Bathrooms
9
Total area
8,344 SF
Lot
0.24 ac (10,464 SF)
APN
029-131-290
UPID
US10-3245336
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.2M
RESTAURANT
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
RETAIL STORES
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1958
Heating
NONE
Stories
2
Units
9
Rooms
28
Bathrooms
9
Lot
0.24 ac
Current owner
From public records · entity-resolved
Tadinada Homes LLC
Entity
Mailing address
PO BOX 117160, BURLINGAME, CA 94011-7160
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2025
$4,770,000
Tadinada Homes LLC
Altitude Properties LLC
Grant Deed
—
Apr 17, 2019
$5,325,000
Altitude Properties LLC
Michael R Kelly
Grant Deed
$2,350,000 · First Republic Bank
Sep 20, 2005
$1,840,000
Michael R Kelly
Burrows Florence A Trust
Grant Deed
$1,160,000 · First Republic Bank
—
—
Michael R Kelly
—
Deed Of Trust
related
$880,000 · First Republic Bank
—
—
Burrows Florence A Trust
—
Deed Of Trust
related
$200,000 · Wells Fargo Bank
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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