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Property profile & analytics
OFF-MARKET
Estimated value
$4,670,000
Warehouses
2 Adrian Ct, Burlingame, CA 94010-2101
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0127326
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
29,369 SF
Lot
1.96 ac (85,234 SF)
Zoning code
ML00M1
APN
025-169-120
UPID
US09-0127326
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
-
SKIDATA, Inc. Corporate Office
-
Panoramic Doors - Burlingame Hardware & Home Improvement Building Supply
-
Inscripta Burlingame Biochemistry Lab
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.67M
Owner & transaction history
Bmp Adrian LLC · 5 yrs held
Bmp Adrian LLC
since 2021
Last sale
$4.1M
6 recorded transactions
Zoning & alternative use
ML00M1 · Burlingame, 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 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
$5,325,000
ML approach
$5,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.67M
Range $4.20M – $5.14M · ±10% · vs last sale $4.05M (Mar 18 2021)
Last sale anchor
$4.05M
Mar 18 2021
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
$159 / 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
$67,549
Tax year 2024
Assessed value
$5,635,120
Assessed 2024
Previous assessed
$5,635,120
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,562,662
Assessed improvement
$3,072,458
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Heating
NONE
Stories
1
Total area
29,369 SF
Lot
1.96 ac (85,234 SF)
Zoning code
ML00M1
APN
025-169-120
UPID
US09-0127326
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
ML00M1 · Burlingame, CA
Zoning ML00M1 · permitted uses
ML00M1 · 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.
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Stories
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
Bmp Adrian LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2400 BROADWAY ST STE #130, REDWOOD CITY, CA 94063-1588
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Mar 30, 2021
—
Bmp Adrian LLC
—
Deed
related
$58,125,000 · Thrivent Financial For Lutherans
Mar 18, 2021
—
Bmp Adrian LLC
Black Mountain Holdings LLC
Intrafamily Transfer
related
—
Oct 3, 2018
—
Black Mountain Holdings LLC
—
Loan Modification
related
$6,500,000 · Wells Fargo Bk
Jan 28, 2010
$4,050,000
Black Mountain Properties LLC
Spolar Donald G
Grant Deed
—
Jun 23, 2004
—
Donald G Spolar
Spolar,joann B
Quit Claim Deed
related
—
Jun 23, 2004
$4,600,000
Donald G Spolar
Lavenstein Family Ptshp
Grant Deed
$2,100,000 · East West Bank
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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