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Property profile & analytics
OFF-MARKET
Estimated value
$5,240,000
Warehouses
1534 Rollins Rd Burlingame, CA 94010-2317
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0332461
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Total area
13,387 SF
Lot
0.52 ac (22,798 SF)
Zoning code
M10000
APN
025-272-150
UPID
US09-0332461
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
$5.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.71M
Blend (final)
Blend
$5.24M
Owner & transaction history
Janet Griggs · 3 yrs held
Janet Griggs
since 2022
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
M10000 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.1M
+94.9%
Office building
$8.6M
+84.9%
Neighborhood: shopping center
$7.2M
+55.5%
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 Burlingame submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlingame 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
$5,240,000
ML approach
$5,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,645,000
Current use
RESTAURANT
$9,050,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$8,585,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,225,000
Change: +56% · Conversion: Moderate
RETAIL STORES
$6,810,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,185,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,080,000
Change: +31% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,080,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$5.24M
Range $4.72M – $5.76M · ±10% · vs last sale $7.10M (Nov 16 2022)
Last sale anchor
$7.10M
Nov 16 2022
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
$391 / 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
$84,154
Tax year 2024
Assessed value
$7,386,840
Assessed 2024
Previous assessed
$7,386,840
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$6,242,400
Assessed improvement
$1,144,440
Applied tax rate
4.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
NONE
Total area
13,387 SF
Lot
0.52 ac (22,798 SF)
Zoning code
M10000
APN
025-272-150
UPID
US09-0332461
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M10000 · Burlingame, CAZoning M10000 · permitted uses
M10000 · Burlingame, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.6M
RESTAURANT
Est. value
$9.1M
OFFICE BUILDING
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
RETAIL STORES
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1987
Heating
NONE
Lot
0.52 ac
Current owner
From public records · entity-resolved
Janet Griggs
Individual
Mailing address
1534 ROLLINS RD, BURLINGAME, CA 94010-2317
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2022
—
Janet Griggs
Taste Catering
Intrafamily Transfer
related
$2,500,000 · Poppy Bank
May 10, 2022
$7,100,000
Taste Catering
Gregory Ishizaki
Grant Deed
—
Mar 1, 2018
—
Ishizaki,sheryl Trust
Ishizaki,sheryl
Quit Claim Deed
related
—
Apr 12, 2017
—
Sheryl Ishizaki
Ishizaki J & P 1988 Trust
Quit Claim Deed
related
—
Oct 5, 2010
—
Ishizaki J R & P M 1988 Trust B
Ishizaki J R & P M 1988 Trust
Quit Claim Deed
related
—
Jan 6, 1999
$319,000
Ishizaki Trust
Ishizaki Trust
Grant Deed
related
$139,422 · California Bank & Trust
Jul 27, 1995
—
Ishizaki Trust
Ishizaki,sadako
Quit Claim 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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