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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Sports & entertainment properties
1730 Rollins Rd Burlingame, CA 94010-2208
Trust Owned
21-yr Hold
~
Est. High Equity
Property ID
US09-0052499
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1972
Total area
23,393 SF
Lot
3.05 ac (132,801 SF)
Zoning code
M10000
APN
025-262-290
UPID
US09-0052499
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
-
Prime Time Athletic Club Gym & Fitness Center
-
jka norcal Gym & Fitness Center
-
Michael Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$574k
Blend (final)
Blend
$630k
Owner & transaction history
Michael Trust · 21 yrs held
Michael Trust
since 2005
7 recorded transactions
Zoning & alternative use
M10000 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$855,000
+57.5%
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
by Request
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$545,000
Current use
INDUSTRIAL (GENERAL)
$855,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10%
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
$27 / 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
$60,505
Tax year 2024
Assessed value
$4,783,039
Assessed 2024
Previous assessed
$4,783,039
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$3,143,144
Assessed improvement
$1,639,895
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1972
Heating
NONE
Stories
2
Total area
23,393 SF
Lot
3.05 ac (132,801 SF)
Zoning code
M10000
APN
025-262-290
UPID
US09-0052499
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M10000 · Burlingame, CA
Zoning M10000 · permitted uses
M10000 · Burlingame, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlingame. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$545,000
INDUSTRIAL (GENERAL)
Est. value
$855,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
INDUSTRIAL (GENERAL)
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
1972
Heating
NONE
Stories
2
Lot
3.05 ac
Current owner
From public records · entity-resolved
Michael Trust
Trust
Mailing address
1730 ROLLINS RD, BURLINGAME, CA 94010-2208
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Feb 9, 2017
—
Fitness Properties LLC
—
Deed
related
$5,100,000 · Bank Of America
May 14, 2008
—
Fitness Properties LLC
—
Deed Of Trust
related
$6,200,000 · Bank Of America
Jan 28, 2005
—
Michael Trust
Michael Trust
Quit Claim Deed
related
—
Jan 28, 2005
$899,500
Fitness Properties LLC
Michael Trust
Grant Deed
—
—
—
Fitness Properties LLC
—
Deed Of Trust
related
$3,500,000 · Bank Of America
—
—
Michael Arthur Tr
—
Deed Of Trust
related
$400,000 · Sumitomo Bank
—
—
Michael Trust
—
Deed Of Trust
related
$2,192,062 · Sumitomo Bank Of California
—
—
Fitness Properties LLC
—
Deed Of Trust
related
$500,000 · Bank Of America
—
—
Fitness Properties LLC
—
Deed Of Trust
related
$5,100,000 · Bank Of America
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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