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Property profile & analytics
OFF-MARKET
Retail space
1586 Bay Rd East Palo Alto, CA 94303-1110
Trust Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2093146
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Total area
1,297 SF
Lot
0.18 ac (7,758 SF)
Zoning code
CL00C1
APN
063-203-320
UPID
US10-2093146
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
Cornelio Family Living Trust · 18 yrs held
Cornelio Family Living Trust
since 2008
7 recorded transactions
Zoning & alternative use
CL00C1 · East Palo Alto, 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 East Palo Alto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Palo Alto 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
$8,735
Tax year 2024
Assessed value
$676,064
Assessed 2024
Previous assessed
$676,064
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$338,032
Assessed improvement
$338,032
Applied tax rate
21.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1947
Heating
NONE
Stories
1
Total area
1,297 SF
Lot
0.18 ac (7,758 SF)
Zoning code
CL00C1
APN
063-203-320
UPID
US10-2093146
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C1 · East Palo Alto, CA
Zoning CL00C1 · permitted uses
CL00C1 · East Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Palo Alto. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Heating
NONE
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Cornelio Family Living Trust
Trust
Mailing address
2205 MIDDLEFIELD RD, REDWOOD CITY, CA 94063-2833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2008
—
Cornelio Family Living Trust
Cornelio,hector J & Rosa
Quit Claim Deed
related
—
Feb 29, 2008
$525,000
Hector J Cornelio
Ellison,edwina
Grant Deed
$250,000 · Fremont Bank
May 20, 2003
—
Edwina Ellison
Wilmore,james A
Grant Deed
$320,000 · Oceanic Bank
Jul 20, 2000
$254,000
James A Wilmore
Adger Trust
Grant Deed
$219,000 · Seller
Mar 23, 2000
—
Adger Trust
Adger,roy L
Quit Claim Deed
related
—
—
—
Cornelio Living Trust
—
Deed Of Trust
related
$200,000 · Vaccarella Trust
—
—
Roy L Adger
—
Deed Of Trust
related
$55,000 · Great Western Bank
—
—
Hector J Cornelio
—
Deed Of Trust
related
$200,000 · Ron Labetich Co INC Psp
—
—
James A Wilmore
—
Deed Of Trust
related
$250,000 · Adger Trust
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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