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Property profile & analytics
OFF-MARKET
Estimated value
$32,725,000
Office buildings
1500 Fashion Is Blvd, San Mateo, CA 94404-1597
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1498466
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1982
Total area
132,210 SF
Lot
6.14 ac (267,650 SF)
Zoning code
E10000
APN
035-550-040
UPID
US09-1498466
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
-
Wonder Workshop Corporate Office
-
Peninsula Ventures Business Service Center
-
Opus Capital Business Service Center
-
Bay Area Oil Supply Inc Auto Repair Shop
-
ECOVACS Robotics Co., Ltd. Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$42.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.73M
Owner & transaction history
County Of San Mateo · 1 yrs held
County Of San Mateo
since 2024
7 recorded transactions
Zoning & alternative use
E10000 · San Mateo, 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 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%
$45,665,000
6.5%
$42,155,000
7%
$39,145,000
Blend value · Realmo final
$32.73M
Range $29.45M – $36.00M · ±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
$248 / 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
$639,857
Tax year 2024
Assessed value
$54,896,746
Assessed 2024
Previous assessed
$54,896,746
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$16,297,471
Assessed improvement
$38,599,275
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 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
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1982
Heating
NONE
Stories
3
Total area
132,210 SF
Lot
6.14 ac (267,650 SF)
Zoning code
E10000
APN
035-550-040
UPID
US09-1498466
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
E10000 · San Mateo, CA
Zoning E10000 · permitted uses
E10000 · 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.
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Stories
3
Lot
6.14 ac
Current owner
From public records · entity-resolved
County Of San Mateo
Entity
Mailing address
555 COUNTY CTR, REDWOOD CITY, CA 94063-1665
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Aug 7, 2024
—
County Of San Mateo
Rref II Bridgepointe LLC
Grant Deed
—
Oct 4, 2019
$51,200,000
Rref II Bridgepointe LLC
Mncvad-ofc Bridgepointe Ca LLC
Grant Deed
$44,650,800 · Canadian Imperial Bk/commerc
Jan 12, 2018
—
Nmcvad Ofc Bridgepointe Ca LLC
—
Deed
related
$3,811,000 · Acore Capital Mortgage LP
Jul 1, 2015
—
Mncvad Ofc Bridgepointe Ca LLC
Bridgepointe Office Park Associates
Grant Deed
—
Dec 6, 2010
—
Bridgepointe Office Park Assoc
Corac LLC
Grant Deed
—
Jun 2, 2010
—
Corac LLC
Hp Of Jpm Bridgepointe LLC
Grant Deed
—
Mar 19, 2007
$42,000,000
Hp/jpm Bridgepointe LLC
Clpf Bridgepointe LP
Grant Deed
$27,400,000 · Jpmorgan Chase Bank NA
May 15, 2000
—
Clarion Lion Properties Fund
New Mariners Center Corp
Grant Deed
related
—
Feb 22, 1991
—
Travelers Insura
Mariners Center
Grant Deed
related
—
—
—
Hp Of Jpm Bridgepointe LLC
—
Deed Of Trust
related
$27,690,000 · Connecticut General Life Ins
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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