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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Retail space
2205 Middlefield Rd Redwood City, CA 94063-2833
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1534896
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
5,750 SF
Lot
0.31 ac (13,565 SF)
Zoning code
CL00CN
APN
053-364-110
UPID
US09-1534896
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
-
La Estrellita Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.05M
CAP Approach
CAP
$2.26M
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$2.31M
Owner & transaction history
Cornelio Family Living Trust · 6 yrs held
Cornelio Family Living Trust
since 2020
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
CL00CN · Redwood City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.1M
+24.8%
Commercial (general)
$2.7M
+6.9%
Auto repair, garage
$2.6M
+5.1%
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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City 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
$2,035,000
ML approach
$2,045,000
CAP Approach
CAP Return
Estimation
6%
$2,445,000
6.5%
$2,260,000
7%
$2,100,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,485,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,105,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,655,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,610,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±10% · vs last sale $2.60M (Mar 2 2020)
Last sale anchor
$2.60M
Mar 2 2020
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
$402 / 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
$30,896
Tax year 2024
Assessed value
$2,787,722
Assessed 2024
Previous assessed
$2,787,722
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,251,623
Assessed improvement
$536,099
Applied tax rate
9.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Heating
NONE
Total area
5,750 SF
Lot
0.31 ac (13,565 SF)
Zoning code
CL00CN
APN
053-364-110
UPID
US09-1534896
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00CN · Redwood City, CA
Zoning CL00CN · permitted uses
CL00CN · Redwood City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redwood City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1946
Heating
NONE
Lot
0.31 ac
Current owner
From public records · entity-resolved
Cornelio Family Living Trust
Trust
Mailing address
94 CEBALO LN, ATHERTON, CA 94027-3917
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 1, 2021
—
Hector J Cornelio
—
Deed
related
$1,013,845 · Jpmorgan Chase Bank NA
Mar 2, 2020
$2,600,000
Cornelio Family Living Trust
Linroc Corp
Grant Deed
$2,100,000 · Bank Of America
Aug 2, 2006
—
Dora L Cornelio-caballero
Cornelio A Living Trust
Quit Claim Deed
related
—
Dec 9, 1991
$610,000
Linroc Corporati
Cornil Jean & Ni
Grant Deed
related
—
Apr 17, 1989
$520,000
Jean Cornil
Borel Bank & Tru
Grant Deed
$245,000 · Sacramento Savings Bank
—
—
Bay Investm West
—
Deed Of Trust
related
$6,000 · Individual
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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