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Property profile & analytics
OFF-MARKET
Estimated value
$8,510,000
Warehouses
2070th Newcomb Avea San Francisco, CA 94124-1615
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5853736
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
TYPE NOT SPECIFIED
Total area
20,000 SF
Lot
0.48 ac (21,070 SF)
Zoning code
PDR2
APN
5302 -058
UPID
US09-5853736
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
$7.79M
CAP Approach
CAP
$6.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.51M
Owner & transaction history
Elevate Propco III LLC · 5 yrs held
Elevate Propco III LLC
since 2021
Last sale
$9.5M
7 recorded transactions
Zoning & alternative use
PDR2 · San Francisco, 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 Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Francisco 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
$9,410,000
ML approach
$7,790,000
CAP Approach
CAP Return
Estimation
6%
$6,885,000
6.5%
$6,355,000
7%
$5,900,000
Blend value · Realmo final
$8.51M
Range $7.66M – $9.36M · ±10% · vs last sale $9.50M (Jun 1 2021)
Last sale anchor
$9.50M
Jun 1 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
$426 / 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
$116,401
Tax year 2024
Assessed value
$9,869,233
Assessed 2024
Previous assessed
$9,869,233
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$5,942,764
Assessed improvement
$3,926,469
Applied tax rate
1.0000
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
1988
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Rooms
1
Bathrooms
1
Total area
20,000 SF
Lot
0.48 ac (21,070 SF)
Zoning code
PDR2
APN
5302 -058
UPID
US09-5853736
Jurisdiction
SAN FRANCISCO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
PDR2 · San Francisco, CA
Zoning PDR2 · permitted uses
PDR2 · San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Francisco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Rooms
1
Bathrooms
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Elevate Propco III LLC
Entity
Mailing address
180 SUTTER ST #400, SAN FRANCISCO, CA 94104-4007
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2021
$9,500,000
Elevate Propco III LLC
Lift Newcomb 2070 LLC
Grant Deed
$180,500,000 · Bank Of America NA
Mar 12, 2019
—
Lift Newcomb 2070 LLC
—
Grant Deed
related
$3,780,000 · East West Bk
Jan 29, 2019
$6,450,000
Lift Newcomb 2070 LLC
Root Of Abrams Family Trust
Grant Deed
—
May 9, 2017
—
Root Of Abrams Family Trust
Root Of Abrams Family Trust
Quit Claim Deed
related
—
Sep 18, 2012
—
Root Of Abrams Family Trust
Root Of Abrams Family Trust
Quit Claim Deed
related
$475,000 · Bank Of San Francisco
Mar 13, 2000
—
Root/abrams Trust
Root,gary W & Barbara F
Quit Claim Deed
related
—
Sep 4, 1998
$1,150,000
Gary W Root
Meiswinkel,rudy
Grant Deed
$575,000 · Wells Fargo Bank
Oct 27, 1993
—
Rudy Meiswinkel
Meiswinkel,rudy
Quit Claim Deed
related
—
—
—
Root Of Abrams Family Trust
—
Deed Of Trust
related
$450,000 · Bank Of San Francisco
—
—
Root,abrams Tr
—
Deed Of Trust
related
$476,000 · City National 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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