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Property profile & analytics
OFF-MARKET
Warehouses
2205 Palm Ave San Mateo, CA 94403-1814
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0902687
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Lot
0.18 ac (7,863 SF)
Zoning code
M10000
APN
039-071-190
UPID
US09-0902687
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cora · 11 yrs held
Cora
since 2015
7 recorded transactions
Zoning & alternative use
M10000 · San Mateo, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$986
Tax year 2024
Assessed value
$745,486
Assessed 2024
Previous assessed
$745,486
+0.0% YoY
Effective rate
0.13%
On assessed value
Assessed land
$519,126
Assessed improvement
$226,360
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
Heating
NONE
Lot
0.18 ac (7,863 SF)
Zoning code
M10000
APN
039-071-190
UPID
US09-0902687
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
M10000 · San Mateo, CA
Zoning M10000 · permitted uses
M10000 · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.18 ac
Current owner
From public records · entity-resolved
Cora
Individual
Mailing address
2211 PALM AVE, SAN MATEO, CA 94403-1814
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Mar 16, 2018
—
Cora
—
Deed
related
$1,500,000 · First Republic Bank
Dec 15, 2016
—
Community Overcoming Relations
—
Deed
related
$60,879 · Private Individual
Jun 30, 2015
—
Cora
Community Overcoming Relations
Grant Deed
related
—
Dec 14, 2012
$2,100,000
Community Overcoming Relationship A
Barry Milgrom
Grant Deed
$1,500,000 · First National Bank Of Northern Cal
Jul 1, 2003
—
Parenthood Golden Gate Planned
—
Deed Of Trust
related
$1,000,000 · Union Bank Of California
Jan 17, 2001
$484,500
Parenthood Golden Gate Planned
Mcclenaham Family I LLC
Grant Deed
—
Feb 28, 2000
—
Mcclenahan Family I LLC
Erbst,patricia
Grant Deed
related
—
Sep 21, 1999
—
Barbara K Towle
Towle,robert
Quit Claim Deed
related
—
—
—
Community Overcoming Relations
—
Deed Of Trust
related
$60,879 · Private Individual
—
—
Community Overcoming Relations
—
Loan Modification
related
$40,000 · First Nat'l Bk/nthrn 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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