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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Warehouses
211 Delaware St San Mateo, CA 94401-3325
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1319174
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Total area
3,000 SF
Lot
0.13 ac (5,513 SF)
Zoning code
CH00C3
APN
034-187-110
UPID
US09-1319174
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
-
Shu Academy Preschool Daycare Center
-
Kindercourt School System High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.77M
Owner & transaction history
Quingquan Investments LLC · 4 yrs held
Quingquan Investments LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
CH00C3 · San Mateo, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+70.4%
Neighborhood: shopping center
$1.6M
+41.0%
Retail stores
$1.5M
+26.7%
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
$2,080,000
ML approach
$1,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,150,000
Current use
OFFICE BUILDING
$1,955,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,620,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$1,455,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,385,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,365,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10% · vs last sale $1.58M (Aug 13 2021)
Last sale anchor
$1.58M
Aug 13 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
$590 / 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
$21,204
Tax year 2024
Assessed value
$1,643,832
Assessed 2024
Previous assessed
$1,643,832
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,373,328
Assessed improvement
$270,504
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1964
Heating
NONE
Total area
3,000 SF
Lot
0.13 ac (5,513 SF)
Zoning code
CH00C3
APN
034-187-110
UPID
US09-1319174
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CH00C3 · San Mateo, CA
Zoning CH00C3 · permitted uses
CH00C3 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1964
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Quingquan Investments LLC
Entity
Mailing address
1539 PARROTT DR, SAN MATEO, CA 94402-3604
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2021
$1,580,000
Quingquan Investments LLC
Leslie H Neville
Grant Deed
$960,000 · East West Bank
Aug 13, 2021
—
Qingquan Investments LLC
—
Deed
related
$960,000 · East West Bank
Dec 5, 2011
—
Zirelli Trust
Zirelli 1994 Trust
Quit Claim Deed
related
—
Sep 25, 2006
—
Zirelli 1994 Trust
Zirelli,gary
Quit Claim Deed
related
—
Sep 13, 1994
—
Zirelli Trust
Zirelli,gary & Nancy
Quit Claim Deed
related
—
May 21, 1993
—
Richard Leavitt
Leavitt,r.&k./ne
Quit Claim Deed
related
—
Nov 10, 1988
—
Ben Broderick
Broderick,d.
Quit Claim Deed
related
—
Nov 10, 1988
$130,000
Richard
Jacobs,m./mcmill
Trustees Deed
$141,000 · San Mateo County (ca)
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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