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Property profile & analytics
OFF-MARKET
Assisted living facilities
1503 Virginia Ave, Redwood City, CA 94061-2630
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5224802
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1952
Construction
FRAME
Total area
2,070 SF
Lot
0.16 ac (6,947 SF)
Zoning code
R10006
APN
069-091-010
UPID
US09-5224802
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ethan A Miller · 13 yrs held
Ethan A Miller
since 2013
7 recorded transactions
Zoning & alternative use
R10006 · Redwood 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,367
Tax year 2024
Assessed value
$731,638
Assessed 2024
Previous assessed
$731,638
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$365,819
Assessed improvement
$365,819
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1952
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
10
Bathrooms
2
Total area
2,070 SF
Lot
0.16 ac (6,947 SF)
Zoning code
R10006
APN
069-091-010
UPID
US09-5224802
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R10006 · Redwood City, CA
Zoning R10006 · permitted uses
R10006 · 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.
Building & site characteristics
From public records
Year built
1952
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
10
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Ethan A Miller
Individual
Mailing address
408 ALAMEDA AVE, HALF MOON BAY, CA 94019-5300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2013
—
Ethan A Miller
Miller,ethan A
Quit Claim Deed
—
Jul 23, 2010
$582,500
Ethan A Miller
Soundview Hm Loan Trust 2006-opt3
Grant Deed
—
Apr 26, 2010
$722,500
Soundview Home Ln Trust 2006-opt3
Power Default Services INC
Trustees Deed
related
—
Feb 14, 2006
$1,150,000
Ricardo Tolentino
Zuschlag,henry R & Maria T R
Grant Deed
$862,200 · Option One Mortgage Corp
May 22, 2001
—
Henry R Zuschlag
Zuschlag,henry R & Maria T
Quit Claim Deed
related
$275,000 · Chase Manhattan Mortgage Corp
Jul 31, 1995
$285,000
Henry R Zuschlag
Viray,homer L & Erlinda M
Grant Deed
—
—
—
Homer Viray
—
Deed Of Trust
related
$17,000 · Transamerica Financial Svc
—
—
Homer Viray
—
Deed Of Trust
related
$75,000 · Rc Financial
—
—
Ricardo U Tolentino
—
Deed Of Trust
related
$30,000 · Estela T Madulara
—
—
Henry R Zuschlag
—
Deed Of Trust
related
$268,000 · Chase Manhattan Mortgage Corp
—
—
Homer Viray
—
Deed Of Trust
related
$285,000 · Bay View Federal Bank
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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