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Property profile & analytics
OFF-MARKET
Estimated value
$5,030,000
Office buildings
1650 Borel Pl San Mateo, CA 94402-3506
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2337570
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1956
Total area
16,492 SF
Lot
0.61 ac (26,366 SF)
Zoning code
EA00E2
APN
032-161-150
UPID
US09-2337570
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
-
Greg Galati, MFT Counselor
-
Spence Engineering Services Engineer
-
Miriam Home, LMFT, LPCC Counselor
-
Mei Wu Acoustics Acoustical Consultant
-
Mary Deger Seevers, MA, MFT - Licensed Marriage and Family Therapist Counselor Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.76M
CAP Approach
CAP
$5.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.03M
Owner & transaction history
630 Nsm LLC · 4 yrs held
630 Nsm LLC
since 2022
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
EA00E2 · San Mateo, 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 San Mateo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Mateo 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
$4,720,000
ML approach
$4,760,000
CAP Approach
CAP Return
Estimation
6%
$5,695,000
6.5%
$5,260,000
7%
$4,885,000
Blend value · Realmo final
$5.03M
Range $4.53M – $5.53M · ±10% · vs last sale $5.20M (May 17 2022)
Last sale anchor
$5.20M
May 17 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
$305 / 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
$62,798
Tax year 2024
Assessed value
$5,410,080
Assessed 2024
Previous assessed
$5,410,080
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$4,525,740
Assessed improvement
$884,340
Applied tax rate
12.0000
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
1956
Heating
NONE
Total area
16,492 SF
Lot
0.61 ac (26,366 SF)
Zoning code
EA00E2
APN
032-161-150
UPID
US09-2337570
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
EA00E2 · San Mateo, CA
Zoning EA00E2 · permitted uses
EA00E2 · San Mateo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Mateo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Heating
NONE
Lot
0.61 ac
Current owner
From public records · entity-resolved
630 Nsm LLC
Entity
Mailing address
311 9TH AVE, SAN MATEO, CA 94401-4200
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2022
—
630 Nsm LLC
—
Deed
related
$920,000 · Bank Of The Orient
May 17, 2022
$5,200,000
630 Nsm LLC
Galligan Professional Building LLC
Grant Deed
$2,460,000 · Bank Of The Orient
Mar 31, 2015
$750,000
Galligan Professional Building
Galligan Joseph
Grant Deed
—
Mar 31, 2015
—
Maureen F Pollard
James William H JR
Quit Claim Deed
related
—
Oct 17, 2008
—
Maureen F James
William H James JR
Intrafamily Transfer
related
$600,000 · Wells Fargo Bank NA
Jul 11, 1997
—
Joseph Galligan
Galligan,joseph A & Gail M
Quit Claim Deed
related
—
May 27, 1994
$900,000
Joseph A Gallian
Whjm Co
Grant Deed
$700,000 · Seller
—
—
Joseph Galligan
—
Deed Of Trust
related
$675,000 · Mid Peninsula Bank
—
—
Galligan Professional Building
—
Loan Modification
related
$1,500,000 · First Nat'l Bk/nthrn Ca
—
—
Joseph Galligan
—
Deed Of Trust
related
$125,000 · Mid Peninsula 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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