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Property profile & analytics
OFF-MARKET
Estimated value
$4,500,000
Manufacturing properties
1836 Bay Rd, East Palo Alto, CA 94303-1311
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-1458461
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Total area
30,096 SF
Lot
1.44 ac (62,926 SF)
Zoning code
M10000
APN
063-231-260
UPID
US09-1458461
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
$4.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.91M
Blend (final)
Blend
$4.50M
Owner & transaction history
Wehope · 1 yrs held
Wehope
since 2024
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
M10000 · East Palo Alto, 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 East Palo Alto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Palo Alto 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
$4,500,000
ML approach
$4,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.50M
Range $4.05M – $4.95M · ±10% · vs last sale $4.50M (Oct 18 2024)
Last sale anchor
$4.50M
Oct 18 2024
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
$150 / 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
$46,034
Tax year 2024
Assessed value
$3,226,253
Assessed 2024
Previous assessed
$3,226,253
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$2,416,957
Assessed improvement
$809,296
Applied tax rate
21.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1965
Heating
NONE
Total area
30,096 SF
Lot
1.44 ac (62,926 SF)
Zoning code
M10000
APN
063-231-260
UPID
US09-1458461
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M10000 · East Palo Alto, CA
Zoning M10000 · permitted uses
M10000 · East Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Palo Alto. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Lot
1.44 ac
Current owner
From public records · entity-resolved
Wehope
Individual
Mailing address
1836 BAY RD #1854, EAST PALO ALTO, CA 94303-1311
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2024
$4,500,000
Wehope
Action Associates INC
Grant Deed
$3,360,000 · Avidbank
Oct 18, 2024
—
Wehope
Action Associates INC
Correction Deed
related
—
Oct 3, 2018
—
Project Wehope
—
Deed
related
$490,673 · County Of San Mateo Dept/hsng
Sep 28, 2018
$1,600,000
Wehope
Action Associates INC
Grant Deed
$270,000 · Avidbank
Jul 1, 1994
$300,000
Action Associates INC
Foothill Thrift
Grant Deed
$100,000 · Foothill Thrift & Loan
May 20, 1993
—
Foothill Thrift & Loan Corp
Consolidated Rec
Trustees Deed
related
—
—
—
Action Associates INC
—
Deed Of Trust
related
$1,600,000 · Greenpoint Mortgage Funding
—
—
Action Associates INC
—
Deed Of Trust
related
$300,000 · Mayer Trust
—
—
Action Associates INC
—
Deed Of Trust
related
$25,000 · Individual
—
—
Action Associates INC
—
Deed Of Trust
related
$995,000 · Carol B Cohen
—
—
Action Asspciates INC
—
Deed Of Trust
related
$125,000 · Bruno Trust
—
—
Action Associates INC
—
Deed Of Trust
related
$210,000 · Cal-west Home Loans INC
—
—
Action Associates INC
—
Deed Of Trust
related
$305,000 · Masoud Masoudipour
—
—
Project Wehope
—
Deed Of Trust
related
$490,673 · County Of San Mateo Dept/hsng
—
—
Dennis L Sibbert
—
Deed Of Trust
related
$800,000 · Foothill Thrift & Loan
—
—
Dennis L Sibbert
—
Deed Of Trust
related
$325,000 · Individual
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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