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Property profile & analytics
OFF-MARKET
Estimated value
$6,025,000
Office buildings
1498 Southgate Ave, Daly City, CA 94015-4015
Trust Owned
8-yr Hold
Free & Clear
Property ID
US09-1541850
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1964
Total area
15,351 SF
Lot
1.08 ac (47,165 SF)
Zoning code
CL00C1
APN
008-481-300
UPID
US09-1541850
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
-
West Bay Nephrology Associates Medical Clinic
-
Robert Tseng, MD Physician Medical Clinic
-
Dr. Warren Chang, MD Physician Medical Clinic
-
DaVita Daly City Dialysis Medical Clinic
-
Ruth Ramos Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.03M
Owner & transaction history
Qi & J M Trust · 8 yrs held
Qi & J M Trust
since 2018
5 recorded transactions
Zoning & alternative use
CL00C1 · Daly City, 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 Daly City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daly City 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%
$6,050,000
6.5%
$5,585,000
7%
$5,185,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,845,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,285,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$6.03M
Range $5.42M – $6.63M · ±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
$392 / 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
$143,367
Tax year 2024
Assessed value
$9,872,339
Assessed 2024
Previous assessed
$9,872,339
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$6,302,680
Assessed improvement
$3,569,659
Applied tax rate
5.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Total area
15,351 SF
Lot
1.08 ac (47,165 SF)
Zoning code
CL00C1
APN
008-481-300
UPID
US09-1541850
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C1 · Daly City, CA
Zoning CL00C1 · permitted uses
CL00C1 · Daly City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daly City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1964
Heating
NONE
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Qi & J M Trust
Trust
Free & Clear · 8 yrs held
Mailing address
PO BOX 1476, TACOMA, WA 98401-1476
Ownership since
2018
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
May 9, 2019
—
Mike Yun Qi
—
Deed
related
$4,300,000 · Wells Fargo Bank NA
Feb 26, 2018
$8,850,000
Qi & J M Trust
Dva Daly City Ca Landlord LLC
Grant Deed
—
Nov 23, 2016
$8,049,000
Daly City Ca Landlord LLC
Genesis Kc Dev LLC
Grant Deed
—
Nov 7, 2016
—
Genesis Kc Dev LLC
Dialysis Holdings INC
Quit Claim Deed
—
Oct 6, 1989
$2,000,000
Vivra Incorporat
Community Psychi
Grant Deed
$1,600,000 · Community Psychi
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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