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Property profile & analytics
OFF-MARKET
Estimated value
$12,910,000
Office buildings
1500 Southgate Ave, Daly City, CA 94015-2259
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0652885
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1974
Total area
32,674 SF
Lot
1.74 ac (75,882 SF)
Zoning code
EA00CO
APN
008-521-110
UPID
US09-0652885
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
-
Dr. Mahasti Saghizadeh, DDS Dental Office
-
Serramonte Dental Offices: Stephen West DDS Dental Office
-
Serramonte Dental Offices: Belluomini Paul DDS Dental Office
-
Boomerang Healthcare Physician
-
Gastroenterology/Internal Med Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.73M
CAP Approach
CAP
$11.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.91M
Owner & transaction history
Smc Of Coastside Properties LLC · 5 yrs held
Smc Of Coastside Properties LLC
since 2020
Last sale
$13.3M
6 recorded transactions
Zoning & alternative use
EA00CO · 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
$13,135,000
ML approach
$8,730,000
CAP Approach
CAP Return
Estimation
6%
$12,875,000
6.5%
$11,885,000
7%
$11,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$20,960,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$17,630,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$12.91M
Range $11.62M – $14.20M · ±10% · vs last sale $13.31M (Aug 19 2020)
Last sale anchor
$13.31M
Aug 19 2020
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
$395 / 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
$142,960
Tax year 2024
Assessed value
$12,203,891
Assessed 2024
Previous assessed
$12,203,891
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$8,914,147
Assessed improvement
$3,289,744
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
1974
Heating
NONE
Total area
32,674 SF
Lot
1.74 ac (75,882 SF)
Zoning code
EA00CO
APN
008-521-110
UPID
US09-0652885
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
EA00CO · Daly City, CA
Zoning EA00CO · permitted uses
EA00CO · 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
$21.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.6M
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
1974
Heating
NONE
Lot
1.74 ac
Current owner
From public records · entity-resolved
Smc Of Coastside Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
55 S RAYMOND AVE, ALHAMBRA, CA 91801-7100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
—
Smc Coastside Properties LLC
—
Deed
related
$40,000,000 · East West Bank
Aug 19, 2020
$13,312,000
Smc Of Coastside Properties LLC
Verity Holdings LLC
Grant Deed
—
Mar 22, 2019
—
Verity Holdings LLC
—
Grant Deed
related
$185,000,000 · Ally Bk
Jul 27, 2018
—
Verity Holdings LLC
—
Loan Modification
related
$20,000,000 · Verity Mob Financing LLC
Jun 1, 2018
—
Verity Holdings LLC
—
Grant Deed
related
$20,000,000 · Verity Mob Financing II LLC
Jan 2, 2002
—
Seton Medical Center
Catholic Healthcare West-bay
Grant Deed
related
—
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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