New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,035,000
Office buildings
2 3rd Ave San Mateo, CA 94401-4285
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0256925
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2017
Total area
24,780 SF
Lot
0.2 ac (8,604 SF)
Zoning code
CL0CBD
APN
034-143-010
UPID
US09-0256925
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
-
Vyond (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.04M
Owner & transaction history
Mecah 2 East LLC
Mecah 2 East LLC
since 2026
7 recorded transactions
Zoning & alternative use
CL0CBD · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,560,000
6.5%
$7,900,000
7%
$7,335,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$13,370,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$8.04M
Range $7.23M – $8.84M · ±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
$324 / 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
$221,559
Tax year 2024
Assessed value
$19,402,372
Assessed 2024
Previous assessed
$19,402,372
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$3,763,891
Assessed improvement
$15,638,481
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 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
2017
Heating
NONE
Stories
3
Total area
24,780 SF
Lot
0.2 ac (8,604 SF)
Zoning code
CL0CBD
APN
034-143-010
UPID
US09-0256925
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL0CBD · San Mateo, CA
Zoning CL0CBD · permitted uses
CL0CBD · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.4M
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
2017
Heating
NONE
Stories
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
Mecah 2 East LLC
Entity
Mailing address
530 EMERSON ST #150, PALO ALTO, CA 94301-1607
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2026
—
Mecah 2 East LLC
Windy Hill Pv Eight Cm LLC
Grant Deed
—
May 16, 2019
—
Windy Hill Pv Eight Cm LLC
Windy Hill Pv Two Mf LLC
Quit Claim Deed
$21,000,000 · Miscellaneous Ins Co
Mar 2, 2017
—
Windy Hill Pv Two Mf LLC
—
Deed
related
$16,000,000 · Boston Private Bank & Trust Company
Aug 31, 2015
—
Windy Hill Pv Two Mf LLC
—
Trustees Deed
related
$12,100,000 · Comerica Bk
May 22, 2015
$2,500,000
Windy Hill Pv Two Mf LLC
Two East Third LLC
Grant Deed
$1,350,000 · Two East Third LLC
Dec 12, 2003
—
Twe East Third LLC
Chevron USA INC
Grant Deed
related
—
Feb 1, 1977
$2,360,000
Chevron U S A INC
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2 3rd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
