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Property profile & analytics
FOR LEASE
Warehouses
1755 Rollins Rd, Burlingame, CA 94010
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-3018159
For Lease
1 / 8
$1.00 SF/Yr
1755 Rollins Rd, Burlingame, CA 94010
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1957
Total area
83,971 SF
Lot
2.93 ac (127,662 SF)
Zoning code
ML00M1
APN
025-166-090
UPID
US10-3018159
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
-
Sub-Zero, Wolf, and Cove Showroom by Riggs Distributing Home Appliance Store Hardware & Home Improvement
-
Aeronet Worldwide - San Francisco Logistics Company Freight Service
-
Stella Consultation, Inc Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$48.36M
Blend (final)
Blend
$42.43M
Owner & transaction history
Summerhill Apt Communities Investme
Summerhill Apt Communities Investme
since 2026
Last sale
$36.6M
7 recorded transactions
Zoning & alternative use
ML00M1 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$56.8M
+94.9%
Office building
$53.9M
+84.9%
Neighborhood: shopping center
$45.3M
+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
$48,135,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$29,140,000
Current use
RESTAURANT
$56,780,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$53,865,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$45,315,000
Change: +56% · Conversion: Moderate
RETAIL STORES
$42,705,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$38,805,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$38,145,000
Change: +31% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$31,860,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$42.43M
Range $38.18M – $46.67M · ±10% · vs last sale $36.60M (Sep 1 2021)
Last sale anchor
$36.60M
Sep 1 2021
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
$505 / 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
$432,011
Tax year 2024
Assessed value
$38,078,639
Assessed 2024
Previous assessed
$38,078,639
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$34,532,956
Assessed improvement
$3,545,683
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
For Lease
Year built
1957
Heating
NONE
Total area
83,971 SF
Lot
2.93 ac (127,662 SF)
Zoning code
ML00M1
APN
025-166-090
UPID
US10-3018159
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML00M1 · Burlingame, CA
Zoning ML00M1 · permitted uses
ML00M1 · 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
WAREHOUSE, STORAGE Current
Est. value
$29.1M
RESTAURANT
Est. value
$56.8M
OFFICE BUILDING
Est. value
$53.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$45.3M
RETAIL STORES
Est. value
$42.7M
COMMERCIAL (GENERAL)
Est. value
$38.8M
AUTO REPAIR, GARAGE
Est. value
$38.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$31.9M
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
1957
Heating
NONE
Lot
2.93 ac
Current owner
From public records · entity-resolved
Summerhill Apt Communities Investme
Individual
Mailing address
3333 MICHELSON DR STE #1050, IRVINE, CA 92612-1606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Summerhill Apt Communities Investme
Gic Burlingame LLC
Deed
—
Sep 1, 2021
$36,600,000
Gic Burlingame LLC
1755 Rollins Rd Burlingame LLC
Grant Deed
—
Sep 1, 2021
—
Robert P Riggs
Rita Riggs
Intrafamily Transfer
related
—
May 29, 2019
—
1755 Rollins Rd Burlingame LLC
—
Deed
related
$10,000,000 · City National Bank
Jun 23, 2008
—
1755 Rollins Rd Burlingame LLC
Riggs Living Trust
Grant Deed
—
Apr 21, 2003
—
Riggs,tr
Roth,william M
Grant Deed
related
$4,800,000 · Union Bank Of California
Apr 7, 2003
—
Union Bank California Trustee
Roth,william P Est
Grant Deed
related
—
Aug 23, 1993
—
Estate Of William P Roth
Estate Of Willia
Quit Claim Deed
related
—
Mar 19, 1993
—
First Interstate Bank Trustee
Wells Fargo Bank
Grant Deed
related
—
—
—
Riggs Trust
—
Deed Of Trust
related
$7,608,661 · Union Bank Of California
—
—
Will Of William M Roth
—
Deed Of Trust
related
$950,000 · Bank Of America
—
—
Riggs Living Trust
—
Deed Of Trust
related
$10,000,000 · Union Bank Of California
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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