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Property profile & analytics
OFF-MARKET
Estimated value
$10,210,000
Apartment buildings
150 Harrison Ave Redwood City, CA 94062-1077
Trust Owned
~
Est. High Equity
Property ID
US09-1759847
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
19,293 SF
Lot
0.49 ac (21,392 SF)
Zoning code
R40000
APN
053-041-330
UPID
US09-1759847
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
$9.93M
CAP Approach
CAP
$8.08M
Comparable Approach
Comparable
$9.82M
Blend (final)
Blend
$10.21M
Owner & transaction history
Marylue C Timpson 1999 Trust
Marylue C Timpson 1999 Trust
since 2025
Last sale
$11.7M
7 recorded transactions
Zoning & alternative use
R40000 · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.1M
+91.0%
Restaurant
$13.0M
+89.5%
Neighborhood: shopping center
$10.4M
+51.3%
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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood 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
$10,025,000
ML approach
$9,925,000
CAP Approach
CAP Return
Estimation
6%
$8,750,000
6.5%
$8,080,000
7%
$7,500,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,885,000
Current use
OFFICE BUILDING
$13,145,000
Change: +91% · Conversion: Moderate
RESTAURANT
$13,045,000
Change: +90% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,410,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,915,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,765,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$8,345,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,320,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$10.21M
Range $9.19M – $11.23M · ±10% · vs last sale $11.70M (Jun 23 2025)
Last sale anchor
$11.70M
Jun 23 2025
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
$529 / 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
$97,762
Tax year 2024
Assessed value
$8,843,400
Assessed 2024
Previous assessed
$8,843,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,161,600
Assessed improvement
$4,681,800
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1961
Heating
NONE
Stories
3
Units
22
Rooms
74
Bathrooms
2
Total area
19,293 SF
Lot
0.49 ac (21,392 SF)
Zoning code
R40000
APN
053-041-330
UPID
US09-1759847
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R40000 · Redwood City, CA
Zoning R40000 · permitted uses
R40000 · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.9M
OFFICE BUILDING
Est. value
$13.1M
RESTAURANT
Est. value
$13.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.4M
COMMERCIAL (GENERAL)
Est. value
$8.9M
AUTO REPAIR, GARAGE
Est. value
$8.8M
RETAIL STORES
Est. value
$8.3M
WAREHOUSE, STORAGE
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1961
Heating
NONE
Stories
3
Units
22
Rooms
74
Bathrooms
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Marylue C Timpson 1999 Trust
Trust
Mailing address
PO BOX 680, BELMONT, CA 94002-0680
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2025
$11,700,000
Marylue C Timpson 1999 Trust
Oded LLC
Grant Deed
$6,000,000 · Everbank NA
Dec 15, 2023
—
Oded LLC
—
Deed
related
$7,300,000 · Redwod Trident LLC
Oct 4, 2021
$8,500,000
Oded LLC
143 151 E Main St LLC
Grant Deed
$7,200,000 · Keystone Real Estate Income Trust L
Aug 18, 2021
—
143 151 E Main St LLC
—
Deed
related
$14,300,000 · Lone Oak Fund LLC
Jul 30, 2021
$17,000,000
143 151 E Main St LLC
Sandra J Lashly
Grant Deed
$14,300,000 · Lone Oak Fund LLC
Jun 1, 2016
—
Sandra J Lashly
Sandra J Lashly
Intrafamily Transfer
related
$4,210,000 · Jpmorgan Chase Bank NA
May 9, 2012
—
Lashly Family Trust
Lashly Family Trust
Quit Claim Deed
related
—
Jun 1, 2011
—
Lashly Sandra J Tr
Lashly,larry G
Affidavit Of Death
related
—
Jul 1, 2004
—
Lashly,tr
Lashly,larry & Sandra J
Quit Claim Deed
related
—
May 13, 1994
—
Larry G Lashly
Harrison Libra F
Grant Deed
$1,058,000 · Home Savings Of America
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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