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Property profile & analytics
OFF-MARKET
Estimated value
$16,480,000
Manufacturing properties
215 1st Ave Belmont, CA 94002-4001
Trust Owned
Absentee Owner
Free & Clear
Property ID
US09-5213671
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1958
Total area
61,310 SF
Lot
2.06 ac (89,632 SF)
Zoning code
M10000
APN
046-010-110
UPID
US09-5213671
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
$17.53M
Blend (final)
Blend
$16.48M
Owner & transaction history
The Karen Finney Family Trust
The Karen Finney Family Trust
since 2025
7 recorded transactions
Zoning & alternative use
M10000 · Belmont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$23.5M
+16.9%
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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$20,065,000
Current use
WAREHOUSE, STORAGE
$23,460,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$16.48M
Range $14.83M – $18.13M · ±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
$269 / 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
$122,444
Tax year 2024
Assessed value
$10,612,331
Assessed 2024
Previous assessed
$10,612,331
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$9,073,687
Assessed improvement
$1,538,644
Applied tax rate
53.0000
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
Off-Market
Year built
1958
Heating
NONE
Total area
61,310 SF
Lot
2.06 ac (89,632 SF)
Zoning code
M10000
APN
046-010-110
UPID
US09-5213671
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M10000 · Belmont, CA
Zoning M10000 · permitted uses
M10000 · Belmont, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$20.1M
WAREHOUSE, STORAGE
Est. value
$23.5M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1958
Heating
NONE
Lot
2.06 ac
Current owner
From public records · entity-resolved
The Karen Finney Family Trust
Trust
Free & Clear · 0 yrs held
Mailing address
18 WILDWOOD DR, SAN MATEO, CA 94402-3262
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Nov 14, 2025
—
The Karen Finney Family Trust
Karen Lee Finney Trust
Deed
related
—
Aug 30, 2019
—
William P Battagin
Battagin,denise J
Quit Claim Deed
related
$5,000,000 · Wells Fargo Bk
Aug 30, 2019
$6,100,000
Karen,lee Finney Trust
Finney Karen L Trust
Grant Deed
related
—
May 29, 2009
—
Robert L Battagin
Battagin 2000 Family Trust
Quit Claim Deed
related
—
Jan 8, 2008
—
Finney Karen L Trust
Gasivoda Trust
Grant Deed
related
—
Dec 11, 2007
—
Johnson Eric A Tr
Gasivoda,marie L
Affidavit Of Death
related
—
Nov 29, 2004
—
Gasivoda Trust
Gasivoda Marie L
Quit Claim Deed
related
—
Nov 4, 2004
—
Gasivoda Guido & Marie Tr
Gasivoda,guido
Affidavit Of Death
related
—
Jan 2, 2001
—
Battagin Trust
Battagin,gino & Mary L
Quit Claim Deed
related
—
—
—
Finney,karen L Trust
—
Deed Of Trust
related
$5,000,000 · Wells Fargo Bk
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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