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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Apartment buildings
1746 Grant St San Mateo, CA 94402-7005
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-2016656
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Total area
4,310 SF
Lot
0.12 ac (5,115 SF)
Zoning code
R40000
APN
035-261-070
UPID
US10-2016656
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
$2.04M
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.71M
Owner & transaction history
1746 South Grant Street LP · 2 yrs held
1746 South Grant Street LP
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
R40000 · San Mateo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+96.4%
Neighborhood: shopping center
$2.3M
+62.6%
Retail stores
$2.1M
+46.0%
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
$1,970,000
ML approach
$2,035,000
CAP Approach
CAP Return
Estimation
6%
$1,620,000
6.5%
$1,495,000
7%
$1,390,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,430,000
Current use
OFFICE BUILDING
$2,810,000
Change: +96% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,325,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$2,090,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,990,000
Change: +39% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,960,000
Change: +37% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,650,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±10% · vs last sale $1.71M (Nov 20 2023)
Last sale anchor
$1.71M
Nov 20 2023
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
$397 / 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
$21,275
Tax year 2024
Assessed value
$1,110,997
Assessed 2024
Previous assessed
$1,110,997
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$757,501
Assessed improvement
$353,496
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1958
Heating
NONE
Stories
2
Units
5
Rooms
16
Bathrooms
5
Total area
4,310 SF
Lot
0.12 ac (5,115 SF)
Zoning code
R40000
APN
035-261-070
UPID
US10-2016656
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R40000 · San Mateo, CA
Zoning R40000 · permitted uses
R40000 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1958
Heating
NONE
Stories
2
Units
5
Rooms
16
Bathrooms
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
1746 South Grant Street LP
Entity
Mailing address
PO BOX 570, SAN MATEO, CA 94401-0570
Ownership since
2023
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
Nov 20, 2023
$1,710,000
1746 South Grant Street LP
David Robertson
Grant Deed
$1,026,000 · Brotherhood Trust
Oct 14, 2014
—
Brotherhood Trust
Brotherhood Trust
Quit Claim Deed
related
—
Jul 2, 2009
—
Beverly J Robertson
Robertson,hugh E
Affidavit Of Death
related
—
Aug 5, 2008
$875,000
Brotherhood Trust
Roberts,james A & Susan L
Grant Deed
—
Mar 16, 2006
—
Jurado Family Trust
Jurado,anthony C & Paula J
Quit Claim Deed
related
—
Feb 13, 2004
$800,000
James A Roberts
Safine,mark A
Grant Deed
$560,000 · Borel Bank & Trust
Feb 13, 2004
—
Mark A Scafine
Scafine,tr
Quit Claim Deed
related
—
Nov 21, 2000
$750,000
Mark A Scafine
Chiesa,william F
Grant Deed
$518,000 · World Savings Bank
—
—
Mark Scafine
—
Deed Of Trust
related
$130,000 · Individual
—
—
Galati B.
—
Deed Of Trust
related
$28,000 · Individual
—
—
William F Chiesa
—
Deed Of Trust
related
$262,000 · 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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