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Property profile & analytics
OFF-MARKET
Estimated value
$17,020,000
Office buildings
1885 Bay Rd East Palo Alto, CA 94303-1312
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-5171308
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2015
Total area
38,000 SF
Lot
3.14 ac (136,718 SF)
APN
063-131-370
UPID
US09-5171308
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
by Request
CAP Approach
CAP
$19.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.02M
Owner & transaction history
South Company Community Health Ctr · 3 yrs held
South Company Community Health Ctr
since 2022
6 recorded transactions
Zoning & alternative use
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,635,000
6.5%
$19,970,000
7%
$18,545,000
Blend value · Realmo final
$17.02M
Range $15.32M – $18.72M · ±10%
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
$448 / 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
$4,509
Tax year 2024
Assessed value
$21,358,360
Assessed 2024
Previous assessed
$21,358,360
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$2,505,804
Assessed improvement
$18,852,556
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2015
Heating
NONE
Stories
2
Total area
38,000 SF
Lot
3.14 ac (136,718 SF)
APN
063-131-370
UPID
US09-5171308
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Stories
2
Lot
3.14 ac
Current owner
From public records · entity-resolved
South Company Community Health Ctr
Entity
Free & Clear · 3 yrs held
Mailing address
1798 BAY RD, EAST PALO ALTO, CA 94303-1611
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
—
South Company Community Health Ctr
Rfhc Bay Pulgas Landowner INC
Grant Deed
—
Apr 24, 2014
—
Rfhc Bay Of Pulgas Landowner INC
South County Community Health
Grant Deed
related
—
Sep 12, 2013
$825,000
South Cnty Cmnty Health Ctr In
Westpark II
Grant Deed
—
Oct 27, 2011
—
Westpark II
Bay Business Park LLC
Grant Deed
related
—
—
—
Rfhc Bay Of Pulgas Landowner INC
—
Deed Of Trust
related
$37,534,000 · Lcd New Markets Fund Xvii
—
—
Westpark II
—
Deed Of Trust
related
$640,300 · Ouray Partners LLC
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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