New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Apartment buildings
208 Paramount Dr Millbrae, CA 94030-1343
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2100438
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1954
Total area
10,980 SF
Lot
0.24 ac (10,450 SF)
Zoning code
R30000
APN
021-275-140
UPID
US09-2100438
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
by Request
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.85M
Owner & transaction history
Ferrario Properties 2 LLC · 5 yrs held
Ferrario Properties 2 LLC
since 2021
7 recorded transactions
Zoning & alternative use
R30000 · Millbrae, 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 Millbrae submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbrae 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±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
$168 / 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
$28,651
Tax year 2024
Assessed value
$1,279,682
Assessed 2024
Previous assessed
$1,279,682
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$383,893
Assessed improvement
$895,789
Applied tax rate
14.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1954
Heating
NONE
Stories
2
Units
1
Rooms
38
Bathrooms
9
Total area
10,980 SF
Lot
0.24 ac (10,450 SF)
Zoning code
R30000
APN
021-275-140
UPID
US09-2100438
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R30000 · Millbrae, CA
Zoning R30000 · permitted uses
R30000 · Millbrae, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millbrae. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Stories
2
Units
1
Rooms
38
Bathrooms
9
Lot
0.24 ac
Current owner
From public records · entity-resolved
Ferrario Properties 2 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1405 SAN MATEO AVE, SOUTH SAN FRANCISCO, CA 94080-6504
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2021
—
Ferrario Properties 2 LLC
Angelo C Ferrario
Intrafamily Transfer
related
—
Feb 5, 2021
—
Kerri Ann Lewis
Kerri Ann Lewis
Intrafamily Transfer
related
—
Aug 30, 2019
—
Ferrario Living Trust
Ferrario,robert JR
Quit Claim Deed
related
—
Aug 28, 2019
—
Ferrario,bruce Trust
Ferrario,bruce
Quit Claim Deed
related
—
Aug 15, 2019
—
Altermann Separate Property Trust
Altermann,edith A
Quit Claim Deed
related
—
Jul 26, 2019
—
Edith A Altermann
Bypass Ferrario Trust
Quit Claim Deed
—
Jan 18, 2005
—
Ferrario Bruce Trust
Ferrario,bruce A
Quit Claim Deed
related
—
Dec 20, 2004
—
Bruce A Ferrario
Ferrario,marie J
Quit Claim Deed
related
—
Oct 28, 2002
—
Ferrario,tr
Ferrario,tr
Quit Claim Deed
related
—
Sep 27, 2002
—
Ferrario,tr
Ferrario,tr
Quit Claim Deed
related
—
Aug 13, 2001
—
Ferrario Trust
Ferrario,angelo C
Quit Claim Deed
related
—
Jun 27, 1996
—
Ferrario Trust
Ferrario,bruce & Marie
Quit Claim Deed
related
—
Sep 27, 1994
—
Ferrario Trust
Ferrario,robert J & Lynne
Quit Claim 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 208 Paramount Dr?
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.
