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Property profile & analytics
OFF-MARKET
Estimated value
$9,810,000
Office buildings
1820 Ogden Dr Burlingame, CA 94010-5384
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-2207632
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1962
Total area
11,517 SF
Lot
0.35 ac (15,425 SF)
Zoning code
EA00C3
APN
025-121-120
UPID
US10-2207632
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
-
Dr. Henry H. Hamilton, MD Physician
-
Burlingame Family Health: Hult James Elmer MD Pediatrician Physician
-
Dr. Thomas O. Stodgel, MD Physician
-
Dr. Michael T. Margolis Physician Medical Clinic
-
Baywood Womens Health Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.64M
CAP Approach
CAP
$6.06M
Comparable Approach
Comparable
$11.11M
Blend (final)
Blend
$9.81M
Owner & transaction history
Hc Re Portfolio LLC · 1 yrs held
Hc Re Portfolio LLC
since 2025
Last sale
$11.7M
7 recorded transactions
Zoning & alternative use
EA00C3 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.8M
+5.4%
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
$8,745,000
ML approach
$9,635,000
CAP Approach
CAP Return
Estimation
6%
$6,560,000
6.5%
$6,055,000
7%
$5,620,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,390,000
Current use
RESTAURANT
$7,790,000
Change: +5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,215,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$9.81M
Range $8.83M – $10.79M · ±10% · vs last sale $11.66M (Apr 9 2025)
Last sale anchor
$11.66M
Apr 9 2025
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
$852 / 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
$136,526
Tax year 2024
Assessed value
$12,131,064
Assessed 2024
Previous assessed
$12,131,064
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$12,120,660
Assessed improvement
$10,404
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1962
Heating
NONE
Total area
11,517 SF
Lot
0.35 ac (15,425 SF)
Zoning code
EA00C3
APN
025-121-120
UPID
US10-2207632
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
EA00C3 · Burlingame, CA
Zoning EA00C3 · permitted uses
EA00C3 · 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
OFFICE BUILDING Current
Est. value
$7.4M
RESTAURANT
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1962
Heating
NONE
Lot
0.35 ac
Current owner
From public records · entity-resolved
Hc Re Portfolio LLC
Entity
Mailing address
PO BOX 80458, SAN MARINO, CA 91118-8458
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2025
—
Hc Re Portfolio LLC
Hankey Capital LLC
Grant Deed
—
Jun 12, 2025
$8,000,000
Hankey Capital LLC
1818 Ogden Summit LLC
Trust Deed
related
—
Apr 9, 2025
—
Apg Express INC
Abc First INC
Quitclaim Deed
related
—
Apr 3, 2025
$2,011,972
Abc First INC
1818 Ogden Summit LLC
Trust Deed
related
—
Jan 9, 2024
—
1818 Ogden Summit LLC
—
Deed
related
$1,600,000 · Abc First INC
Mar 14, 2023
—
1818 Ogden Summit LLC
—
Deed
related
$2,000,000 · Abc First INC
Jun 3, 2022
—
Ogden Summit LLC
—
Deed
related
$5,000,000 · Abc First INC
Apr 26, 2022
$11,660,000
1818 Ogden Summit LLC
Dpt 1820 Ogden Drive LLC
Grant Deed
—
Apr 14, 2020
$6,000,000
Dpt 1820 Ogden Drive LLC
Jerry Warren
Grant Deed
$3,250,000 · Preferred Bank
Sep 24, 1999
—
Howard N Kiwata
Kiwata,magdelena S
Quit Claim Deed
related
—
Jan 31, 1992
$69,818
Eighty-one Properties
Unknown
Grant Deed
—
Feb 18, 1988
—
Eighty One Prope
Crone
Grant Deed
related
—
—
—
Jerry Warren
—
Deed Of Trust
related
$1,660,000 · 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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