Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1465 Carolan Ave Burlingame, CA 94010-2403

    • Warehouses
    • 14,378 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $4,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-3287060
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1465 Carolan Ave

    Year built
    1973
    Lot size
    0.50 lot acres
    Property size
    14,378 SF
    Zone code
    ML00M1
    Property type
    Warehouses
    APN
    026-101-120
    APU
    26101120

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,155,000
      Market price range: $2.61M - $8.28M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,990,000
      Current use
      RETAIL STORES
      $7,310,000
      Change: +47% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $6,645,000
      Change: +33% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,530,000
      Change: +31% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $5,455,000
      Change: +9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burlingame
    County
    San Mateo
    State
    California
    Longitude
    -122.37
    Latitude
    37.5911
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $30,374
    $1,366,581
    $1,229,921
    $2,596,502
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,370,000
      29,832 SF

      347 Bch Rd

      WAREHOUSE, STORAGE • 29,832 SF
      347 Bch Rd, Burlingame, CA 94010-2005
      View Details
    • Value Estimation
      $2,285,000
      12,000 SF

      1369 Carolan Ave

      WAREHOUSE, STORAGE • 12,000 SF
      1369 Carolan Ave, Burlingame, CA 94010-2401
      View Details
    • Value Estimation
      $7,595,000
      22,715 SF

      1480 Rollins Rd

      WAREHOUSE, STORAGE • 22,715 SF
      1480 Rollins Rd, Burlingame, CA 94010-2307
      View Details
    • Value Estimation
      $7,835,000
      20,580 SF

      1350 Rollins Rd

      WAREHOUSE, STORAGE • 20,580 SF
      1350 Rollins Rd, Burlingame, CA 94010-2410
      View Details
    • Value Estimation
      $2,215,000
      28,218 SF

      1524 Rollins Rd

      WAREHOUSE, STORAGE • 28,218 SF
      1524 Rollins Rd, Burlingame, CA 94010-2306
      View Details
    • Value Estimation by Request
      10,000 SF

      821 Malcolm Rd

      WAREHOUSE, STORAGE • 10,000 SF
      821 Malcolm Rd, Burlingame, CA 94010-1406
      View Details

    Similar Nearby for Sale

    • $4,485,000
      19,770 SF

      Burlingame Commercial Space - Prime Location

      Spacious commercial property, ideal for various uses.
      1727 Marco Polo Way, Burlingame, CA 94010
      View Details
    • $3,695,000
      7,182 SF

      Burlingame Multifamily Investment Opportunity

      Six-unit multifamily property in a desirable Burlingame location.
      Arundel Rd, Burlingame, CA 94010
      View Details
    • $11,750,000

      Elevatored Apartment Building Near Burlingame Avenue

      20-unit apartment building with renovation upside, near Burlingame Avenue.
      1500 Newlands Ave, Burlingame, CA 94010
      View Details
    • $1,899,999

      Burlingame Triplex Investment Opportunity

      Fully leased triplex in prime Burlingame location near transit.
      824 El Camino Real, Burlingame, CA 94010
      View Details
    • Contact for pricing

      Hillsborough Land with Bay Views

      Approximately 1 acre parcel with San Francisco Bay views.
      3080A Ralston Ave, Hillsborough, CA 94010
      View Details
    • $16,498,000
      23,075 SF

      1775 Marco Polo Way, BURLINGAME, CA 94010

      Apartment buildings • 23,075 SF
      1775 Marco Polo Way, Burlingame, CA 94010
      View Details

    Similar Nearby for Lease

    • $1.95 SF/Yr
      17,954 SF

      Burlingame Warehouse Space Available

      17,954 SF warehouse with office space for lease.
      880 Stanton Rd, Burlingame, CA 94010
      View Details
    • Contact for pricing

      Burlingame Warehouse with Truck Staging

      Warehouse near Highway 101 & SFO with truck staging.
      25 Ingold Rd, Burlingame, CA 94010
      View Details
    • $2 SF/Yr
      1,260 SF

      Burlingame Warehouse and Flex Space

      Warehouse/flex space with offices and drive-in doors for lease.
      1 Edwards Ct, Burlingame, CA 94010
      View Details
    • $4,500 /Mo
      2,200 SF

      Burlingame Flex Space For Rent

      Flex space with office and warehouse components available for lease.
      833 Mahler Rd, Burlingame, CA 94010
      View Details
    • $2,950 /Mo
      1,350 SF

      Burlingame Warehouse with Office Space

      Warehouse space with reception area, office, and drive-in door.
      302-332 Lang Rd, Burlingame, CA 94010
      View Details
    • $6,045 /Mo

      Burlingame Commercial Spaces for Lease

      Three commercial spaces available for lease in Burlingame, California.
      1550 Rollins Rd, Burlingame, CA 94010
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1465 Carolan Ave
    Burlingame, CA 94010-2403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!