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Property profile & analytics
FOR LEASE
Office buildings
1840 Gateway Dr San Mateo, CA 94404
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-1302271
For Lease
1 / 2
$57 SF/Yr
1840 Gateway Dr, San Mateo, CA 94404
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1998
Total area
69,000 SF
Lot
2.54 ac (110,506 SF)
Zoning code
E10000
APN
035-443-120
UPID
US09-1302271
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
-
Access Cabling & Communications Telecommunications Service General Contractor
-
Shiwen Wang - PNC Mortgage Loan Officer (NMLS #993793) Loan Service Bank
-
Micro Strategy (Bike/Boat/Book/etc) Store Corporate Office
-
Courtney Consulting Solutions Business Management Consultant
-
Worldview Technology Partners Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.16M
Owner & transaction history
1840 Gateway LP
1840 Gateway LP
since 2025
Last sale
$16.3M
7 recorded transactions
Zoning & alternative use
E10000 · San Mateo, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$176 / 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
$323,392
Tax year 2024
Assessed value
$27,887,974
Assessed 2024
Previous assessed
$27,887,974
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$16,621,233
Assessed improvement
$11,266,741
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 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
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1998
Heating
NONE
Stories
4
Total area
69,000 SF
Lot
2.54 ac (110,506 SF)
Zoning code
E10000
APN
035-443-120
UPID
US09-1302271
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
E10000 · San Mateo, CA
Zoning E10000 · permitted uses
E10000 · 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.
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Stories
4
Lot
2.54 ac
Current owner
From public records · entity-resolved
1840 Gateway LP
Entity
Mailing address
65 E 55TH ST, NEW YORK, NY 10022-3219
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
$16,250,000
1840 Gateway LP
Gateway Property Owner LLC
Grant Deed
$7,500,000 · Heritage Bank Of Commerce
Feb 26, 2018
—
Gateway Property Owner LLC
—
Trustees Deed
related
$20,850,000 · East West Bk
Feb 1, 2018
$25,000,000
Gateway Property Owner LLC
Mcc9 Owner LLC
Grant Deed
—
Dec 21, 2017
$125,000
Gateway Property Owner LLC
Mcc9 Owner LLC
Grant Deed
—
Sep 30, 2014
$22,331,000
Mcc9 Owner LLC
F & S Metro Corporate Center L
Grant Deed
—
Dec 7, 2005
$25,612,000
F & S Metro Corporate Ctr LLC
Metro Corporate Center LLC
Grant Deed
$19,500,000 · Gkk Trading Warehouse II LLC
Feb 12, 2004
—
Hq Global Workplaces INC
—
Deed Of Trust
related
$32,441,409 · Bnp Paribas Ttee
Jun 21, 1996
—
Metro Corporate Center LLC
Colony Mb Partners LP
Grant Deed
$1,141,000 · Comerica Bank California
Oct 31, 1994
$3,855,281
Colony Mb Partners LP
San Mateo Centre Bldgs 1 & 5
Grant Deed
—
Jan 6, 1994
—
San Mateo Centre Buildings
De Monet,joaquin
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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