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Property profile & analytics
OFF-MARKET
Estimated value
$15,035,000
Office buildings
1870 Ogden Dr Burlingame, CA 94010-5306
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0852635
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1963
Total area
26,346 SF
Lot
0.9 ac (39,137 SF)
Zoning code
EA00C3
APN
025-121-190
UPID
US09-0852635
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
-
Onclusive (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.85M
Comparable Approach
Comparable
$16.70M
Blend (final)
Blend
$15.04M
Owner & transaction history
New Horizons Development LLC · 1 yrs held
New Horizons Development LLC
since 2024
Last sale
$14.8M
5 recorded transactions
Zoning & alternative use
EA00C3 · Burlingame, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.8M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,000,000
6.5%
$13,845,000
7%
$12,860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,900,000
Current use
RESTAURANT
$17,815,000
Change: +5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$14,215,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$15.04M
Range $13.53M – $16.54M · ±10% · vs last sale $14.80M (Jul 3 2024)
Last sale anchor
$14.80M
Jul 3 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
$571 / 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
$145,848
Tax year 2024
Assessed value
$12,857,468
Assessed 2024
Previous assessed
$12,857,468
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$6,030,493
Assessed improvement
$6,826,975
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
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1963
Heating
NONE
Stories
2
Total area
26,346 SF
Lot
0.9 ac (39,137 SF)
Zoning code
EA00C3
APN
025-121-190
UPID
US09-0852635
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
$16.9M
RESTAURANT
Est. value
$17.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.2M
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
1963
Heating
NONE
Stories
2
Lot
0.9 ac
Current owner
From public records · entity-resolved
New Horizons Development LLC
Entity
Mailing address
398 PRIMROSE RD, BURLINGAME, CA 94010-4005
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
$14,800,000
New Horizons Development LLC
Green Banker LLC
Grant Deed
—
Apr 25, 2017
$11,300,000
Green Banker LLC
Ogden Properties LLC
Grant Deed
$7,345,000 · First Republic Bank
Mar 28, 2001
—
Ogden Properties LLC
Ogden Office Associates LLC
Quit Claim Deed
related
—
Sep 16, 1997
—
Ogden Office Associates
American National Red Cross
Grant Deed
$2,770,000 · Acaciabank
—
—
Ogden Office Associates LLC
—
Deed Of Trust
related
$3,080,000 · General Electric Capital Corp
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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