Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1500 Industrial Way Redwood City, CA 94063-1102
    Back to Search
    Property profile & analytics

    1500 Industrial Way, Redwood City, CA 94063-1102

    View on Map
    • Warehouses
    • 9,500 SF
    • 0.23 lot acres
    Off-Market
    Property ID
    US09-0191720
    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.
    Value Estimations
    $3,585,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • La Paradita Peru / Specialty Food Shop
    • SS Customs / Car Wash

    Property Details for 1500 Industrial Way

    Year built
    1958
    Lot size
    0.23 lot acres
    Property type
    Warehouses
    APN
    052-125-070
    APU
    52125070

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 21, 2020 — 1996 Ernie C Giotinis & Trust — Deed · related $1.2M · Tri Counties Bank
    Apr 19, 2019 $2,490,000 1996 Ernie C Giotinis & Andria Suen B C & F S Trust Grant Deed —
    Sep 18, 2009 — Suen Baron C & F S 2008 Trust Suen,baron C & Fanny Quit Claim Deed · related —
    Nov 2, 2004 — Suen Trust Suen,baron C & Fanny Quit Claim Deed · related —
    Sep 21, 2004 $1,230,000 C Suen Ehikian,stephen B Grant Deed $730k · Bank Of America
    Apr 18, 2003 $1,025,000 Stephen D Ehikian Ivan V Koulaieff Education Fun Grant Deed —
    — — Suen,baron C & Fanny C Trust — Deed Of Trust · related $600k · Bank Of The West
    — — 1996 Ernie C Giotinis & Trust — Deed Of Trust · related $1.2M · Tri Counties Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,920,000
      Market price range: $1.03M - $5.50M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,115,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $5,125,000
      Change: +65% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $4,390,000
      Change: +41% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,315,000
      Change: +39% Conversion: Easy
      RETAIL STORES
      $4,110,000
      Change: +32% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $3,050,000
      Change: -2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Redwood City
    County
    San Mateo
    State
    California
    Longitude
    -122.237
    Latitude
    37.4949
    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
    $30,171
    $1,607,657
    $1,115,517
    $2,723,174
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      629 Bair Is Rd

      WAREHOUSE, STORAGE
      629 Bair Is Rd, Redwood City, CA 94063-2773
      View Details
    • Value Estimation
      $1,740,000
      32,800 SF

      1020 Hansen Way

      WAREHOUSE, STORAGE
      1020 Hansen Way, Redwood City, CA 94063-2621
      View Details
    • Value Estimation
      $5,550,000
      73,165 SF

      338 Manzanita St, Unit 385

      WAREHOUSE, STORAGE
      338 Manzanita St, Redwood City, CA 94063-2828
      View Details
    • Value Estimation
      $2,905,000
      7,254 SF

      1111 Arguello St

      WAREHOUSE, STORAGE
      1111 Arguello St, Redwood City, CA 94063-1263
      View Details
    • Value Estimation
      $2,660,000
      45,579 SF

      1757 Bayshore Rd

      WAREHOUSE, STORAGE
      1757 Bayshore Rd, Redwood City, CA 94063-4150
      View Details
    • Value Estimation
      $5,160,000
      63,232 SF

      1735 Bayshore Rd

      WAREHOUSE, STORAGE
      1735 Bayshore Rd, Redwood City, CA 94063-4152
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,866 SF

      Redwood City Warehouse with Yard

      Industrial warehouse with gated yard and updated facade for sale.
      2566 Bay Rd, Redwood City, CA 94063
      View Details
    • $4,875,000
      6,324 SF

      Redwood City Redevelopment Opportunity

      Corner lot near downtown Redwood City primed for redevelopment.
      Winslow St, Redwood City, CA 94063
      View Details
    • Contact for pricing

      Porsche Collector's Dream Property

      Unique opportunity for Porsche enthusiasts or parts/service business.
      Spring St, Redwood City, CA 94063
      View Details
    • Contact for pricing

      Commercial Building Near Costco

      Custom-built commercial building with permitted automotive uses and high ceilings.
      2127 Middlefield Rd, Redwood City, CA 94063
      View Details
    • Contact for pricing
      3,961 SF

      2951 Middlefield Road, REDWOOD CITY, CA 94063

      Warehouses
      2951 Middlefield Rd, Redwood City, CA 94063
      View Details
    • Contact for pricing
      2,146 SF

      Redwood City Warehouse For Sale

      Warehouse with fenced yard parking, available September 2025.
      430 Macarthur Ave, Redwood City, CA 94063
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,020 SF

      Redwood City Flex / R&D Space

      Flex space with offices, conference rooms, and warehouse.
      1711 E Bayshore Rd, Redwood City, CA 94063
      View Details
    • Contact for pricing
      10,000 SF

      Redwood City Flex Warehouse Space

      Flex space with warehouse, showroom, and office components available for rent.
      741-751 Barron Ave, Redwood City, CA 94063
      View Details
    • Contact for pricing

      Redwood City Industrial Space Available

      Industrial space available for rent in Redwood City, California.
      1526 Stafford St, Redwood City, CA 94063
      View Details
    • Contact for pricing
      4,485 SF

      Redwood City Flex Space Available

      Flex space featuring office and warehouse components with fenced yard.
      2680 Middlefield Rd, Redwood City, CA 94063
      View Details
    • $1.00 SF/Yr

      Redwood City Automotive/Industrial Space

      Functional space in Redwood City with high visibility and accessibility.
      480 Veterans Blvd, Redwood City, CA 94063
      View Details
    • Contact for pricing
      6,000 SF

      Redwood City Industrial/Open Space

      6,000 SF industrial space with highway access and ample power.
      924 Broadway St, Redwood City, CA 94063
      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.
    1500 Industrial Way
    Redwood City, CA 94063-1102
    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

    Thank You for Inquiry
    1500 Industrial Way, Redwood City, CA, 94063
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!